Why most bitcoin users from good economies countries?

[tyz]

Germany comes just after the U.S when it comes to the Darknet illegal drugs listings where bitcoin is being used so why not ATMs? It's because of the regulations.

Agree regarding Germany. The graphic says nothing. It is not listed, but regarding Bitcoin adopation and usage it certainly belongs to the top 5 countries worldwide. The reason why Austria is listed there but not Germany, is pretty simple.The regulation for Bitcoin ATMs in Austria is much weaker than in Germany, so in Austria you can buy Bitcoin at any post office while in Germany there may only be one or two dozen Bitcoin ATMs throughout the country.

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[sgenuine]

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!

Everything that you mentioned here, refers to all investors, and it does not matter which country they are from. The guys from developed countries have more money to invest in crypto.

[dmamigo]

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!

Everything that you mentioned here, refers to all investors, and it does not matter which country they are from. The guys from developed countries have more money to invest in crypto.

In developed countries, the investment for crypto is more not only because of money but also because of the infrastructure or the facilities to trade and utilize the coins.

Even though being a developed country or a semi-developed country, there are few countries not able to invest due to country restrictions and old thoughts about how currency works. I think it is not about the countries with good economies, but also various factor makes to help a decision upon purchasing or trading cryptocurrencies.

[bonker]

Mostly the people who are in this situation will always been thinking about how to become a rich person with their stability in the future so they are investing their Savings and income in cryptocurrency and it will be very helpful for them you make their economy more powerful in the future.

[drgomez89]

i think because the technology and the use of internet where  more easly developed in those countries when bitcoin was born. They were able to have acces to bitcoin in his lower price. In my case the first time i heard about bitcoin was in 2014 im from nciaragua, It was a luxury to have internet access and more time to spend it discovering the technology being developed... we were fascinated by hi5 or facebook

[rijaljun]

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!

I agree, US tax rate is very high compared to other developed countries and using a crypto can be a way to avoid tax. But this reason eventually not relevant anymore as the regulation will make everyone pay tax. Other reason can be because the convenience for crypto adoption as start-up can operate widely on those countries.

[Fabienne_ayy]

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.

https://i.imgur.com/pgqaTer.jpg

Japan is in the last place of stats? That's strange I thought Japan will be in the upper position as it's crypto-friendly country

[Noilee]

Bitcoin is a good investment that makes sense , to have good exchange rate from good economy countries. Many people would like to invest about bitcoin especially in asian countries because they can earn more by converting it to there own currency. USA and Canada, are top good economy countries thats why there currency is much more high value compare in asian currency ,having huge number of bitcoin  ATM. Bitcoin gives economic growth to each people wants an income in the society and each country as well.

I think they easy to invest because they have a lot of wealthy people that afford too much to invest in bitcoin, and that true that in their country was a value is good most especially in US. Almost people there are already invested, so they on the top on the list. They easy to understand and mostly most people are interested  due to their high knowledge when it comes to technology.

[Gaff]

Bitcoin is a good investment that makes sense , to have good exchange rate from good economy countries. Many people would like to invest about bitcoin especially in asian countries because they can earn more by converting it to there own currency. USA and Canada, are top good economy countries thats why there currency is much more high value compare in asian currency ,having huge number of bitcoin  ATM. Bitcoin gives economic growth to each people wants an income in the society and each country as well.

I think they easy to invest because they have a lot of wealthy people that afford too much to invest in bitcoin, and that true that in their country was a value is good most especially in US. Almost people there are already invested, so they on the top on the list. They easy to understand and mostly most people are interested  due to their high knowledge when it comes to technology.

It's not all about investments that they used their money for trading. The most reason of that is, these rich people in a certain rising economy have a wise decisions on their money and not even thinking of spending it on other non sense things.  The problem of other below average economic countries, their people always spend money on what they want. Caring for what they need was just a regular options, that's why their economy didn't grow because they're lack of saving for an investments. Knowledge is their best asset and not the way of using money just for undesirable things, and it remained the best practices until now.

[Sithara007]

First, you need to check this:

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

As you can see, out of the top 6 economies only one can be classified as developing (China). All the others are developed countries (USA, EU, Japan.etc). So it is only natural that most of the Bitcoin users come from these countries. Only those who have money to spend will be able to invest in Bitcoin and the other crypto-currencies. Another factor is the legality. Bitcoin is illegal or having unclear legal status in the vast majority of the third world nations including India and China. This also plays its part in limiting the number of users from these nations.

[emmybd]

Well, bitcoin adoption has been quite fast in developed countries compared to developing and poor countries. As people are economically well-off, they are doing more bitcoin investment.

[fauzan Ichsan]

rich people tend to find breakthroughs to make their assets grow, but poor people are still focused on finding food. therefore it is not surprising if you have a different mindset. especially coupled with better supporting facilities

[Robotbitcoin22]

rich people tend to find breakthroughs to make their assets grow, but poor people are still focused on finding food. therefore it is not surprising if you have a different mindset. especially coupled with better supporting facilities

poor people will remain poor while the rich will get richer. yes because poor people want to be employed by rich people to find food. yes you are right, if only their mindset is broad and want to look for new things, surely the poor will diminish in this world.

[romero121]

Once bitcoin was very yound with very minimal number of users, by that time majority of the users who profited and believed in the bitcoin were from the economically grown countries. This further happened with people from the respective country following the footprints of the early adopters. Later little by little the spread of bitcoin happened with the word of mouth spreading. This is how the technology began to get spread around and the community too got widened. Now we've got people from almost every country of the world.

[Odette]

Those countries able to harness the power of information and communication technology are reaping ever more benefits of blockchain technology and bitcoin.

Yes that's true, I think that is because good economic countries are more advance when it comes to technology and they are the ones who are more incline when in comes to innovation and until now I dont see the point why people are still hating these countries as well as the idea of Blockchain technology. Blockchain brings a lot of benefits and project for everyone and most if them are really helpful like medical insurance given by Afri Health which focuses on effecient and effective medical solutions through the use of Blockchain technology. We should be all adapting to different possible solutions nowadays.

[FlightyPouch]

rich people tend to find breakthroughs to make their assets grow, but poor people are still focused on finding food. therefore it is not surprising if you have a different mindset. especially coupled with better supporting facilities

I will agree with the better-supporting facilities but with the poor people focus on finding food? I guess not. Poor people do find their jobs to earn money but the thing is not all of them have jobs, well most of them the reason they are poor. Knowledge is what they are lacking. A lot of poor people can still eat but the thing is that they don't know what should be done and that is the reason they have different mindset since they don't know what to do and what should be done in order to raise their lives up as rich people do.

[sadirmrida]

There have many reason.   I discuss some of them. 
1. Their technology system is high.
2. Their Manpower is highly educate.
3. Their have huge capital for investment.
4. Their government also declare that crypto is legal.
5. Deposit and withdrew system is also easy.

Without these  there have also many element for this. 

[zee11225]

Well, bitcoin adoption has been quite fast in developed countries compared to developing and poor countries. As people are economically well-off, they are doing more bitcoin investment.

Those who live in developed countries are more fortunate because the government does not prohibit the use of bitcoin, even making regulations that protect bitcoin users. Besides that education is also carried out openly with fair interaction, in the sense that there is openness about profit or loss using bitcoin.
Internet speed in developed countries is enough to conduct digital transactions such as bitcoin trading which takes place very quickly, so that execution can be done immediately.

[dameh2100]

Well, bitcoin adoption has been quite fast in developed countries compared to developing and poor countries. As people are economically well-off, they are doing more bitcoin investment.

Those who live in developed countries are more fortunate because the government does not prohibit the use of bitcoin, even making regulations that protect bitcoin users. Besides that education is also carried out openly with fair interaction, in the sense that there is openness about profit or loss using bitcoin.
Internet speed in developed countries is enough to conduct digital transactions such as bitcoin trading which takes place very quickly, so that execution can be done immediately.

As for me, so most Bitcoin users comes from developed countries because these countries are advance when it comes  to technology and their government are openminded  to study Blockchain technology further. Additionally, people in this developed country are open-minded when it comes to developing their lives.

[loopes]

There have many reason.   I discuss some of them.  
1. Their technology system is high.
2. Their Manpower is highly educate.
3. Their have huge capital for investment.
4. Their government also declare that crypto is legal.
5. Deposit and withdrew system is also easy.

Without these  there have also many element for this.  

Thats make sense. A few years ago most of bitcoin users are geeks. But now bitcoin users are come from almost all layers of society. Globalization makes bitcoin spread faster, and the main factor of it is internet. Also we should admit that crypto related companies have important role in it because those companies provide tools and environment where bitcoin users can spend bitcoin there. Most of those companies has founded by highlhy educated people from developed country. So that 5 points are correct.