Why people from 3rd countries are crazy about getting cryptos?

[hatshepsut93]

Because cryptocurrencies are insanely profitable for people from poor countries, even your ordinary guy who did a bit of signature campaigns, bounties and maybe so jobs like translations or design is now easily millionaire in his local currency if he hodled most of his earnings. So, they are "hyping" cryptos because they want it to keep growing and making them rich. Now, you probably also want to address the issue regarding their post quality, as it's quite annoying to scroll through one-liners in broken English, but I don't think that we should radically cut them out of Bitcoin community, instead we should create incentives for them to improve. Campaign managers and owners should be responsible for quality of their posters and moderators should be able to disable all signature of a campaign for some time if too many participants are spamming - this is better than individual punishments for bad posters, because it would force managers to do their job more seriously, since the owners will be risking to lose their ads.

[bitbunnny]

Having in mind the economic situation in those countries this is not the surprise. So many people there are very poor, unemployed and have no income so many of them see the cryptocurrencies as their ticket to better life. At least those who have internet access and at least some basic knowledge. And their goal is probably not to get millionares, just to have some decent income.
If these two things were improved, so better education and broader and better internet connection, people there would have even better opportunities.

[readygoaw]

This is a serious problem, i dont have anything about those people, because it is not their fault to be borned in there.

But i have noticed that they all are just doing the same, introduce themselves into cryptos in order to have a better future.

Why you all are looking for the same? i mean, most of you are hoping to be millionaires and you are the first reason of why bitcoin has been so hyped lately.

Probably 1,5/3 of total forum population is from Philippines and Indonesia, and those are the majority in here, and you all are hyping bitcoin as hell.

Is there a reason to be buying bitcoins like crazy people? Or just trying to get them at any cost? Please, give me some explanations, maybe i am missing something.

This is not a racist thread, i just want to know more about your situation.

First of all, we are all a bit crazy about getting Bitcoin. secondly, look at the price of BTC in their countries with inflation - in Zimbabwe its price is almost twice higher than  the official price!

[spngebob]

I don't think they are buying bitcoins, i think 99% of them are using this forum to earn bitcoins.
Why? Probably because they can earn 10 or 100 times more money than they would earn it if they work in their country for it.
It's not their fault, they were born in shitty countries and no one should blame them for it.
Speaking of creating hyip - didn't that Dutch guy sold everything and bought bitcoins and now he and his family are living in camp trailer?

[mx667]

I don't think they are buying bitcoins, i think 99% of them are using this forum to earn bitcoins. Why? Probably because they can earn 10 or 100 times more money than they would earn it if they work in their country for it.
It's not their fault, they were born in shitty countries and no one should blame them for it. Speaking of creating hyip - didn't that Dutch guy sold everything and bought bitcoins and now he and his family are living in camp trailer?

Hahaha, actually the answer is quite simple and easy. That's because big country currencies like the United States, and various countries in Europe, the value of their currencies will be much greater if made shopping in third-world countries. Therefore, many people who want to collect their currency from various jobs, one of the high value of currency is cryptocurrency. If $ 10,000 is your monthly income or salary from your work, then for people living in third-world countries, that amount of money can be used to buy a house! So if a snack in a big country costs $ 10 to $ 20, for them it's enough to eat everyday.

[vit05]

Because the value of one dollar and what it could buy is different in each country. In some places win 2 dollars in cryptocurrency for one hour of work is great. There are tons of people that do not win minimal wage and could really benefit from make small tasks to win some money. Or to make the check bigger.

[webelong]

You said that this was not a racist thread?Then why did you make it?What are you trying to prove?!What is your problem with people living from third world?Because they do not speak proper and fluent english like you do,does that mean you are above them?Maybe there are some that you can say,they are just here for the money,for the profits they will get but please do not judge them.You do not know what the deeper reason.This only proves that there are people who are judging others because they are from a first world country and does not want anybody else from a poor and a third world country do the job like they do.Not all people from the third world are nothing but scumbags but they are here to earn something for their families and survive every single day of their lives.And wishing their lives can be better.Life is cruel for people on third world countries,many of you will never feel and know what will we do and sacrifice in order for our families to survive.But other than that you will still,never understand the situation of a person from a third world country because you are not from here.Hope to enlighten some of your queries.

[lisa255]

People need money and it does not matter how they can be earned. They need fast and a lot, so they look at this technology as a freebie, just do not understand what to invest, and they do not what. Here and dream.

[bryant.coleman]

I am living in a third world country (India) and I am not surprised by the sudden spurt in demand for cryptos from these nations. In almost all of the third world nations, the national currencies are very weak. They get devalued every year and people don't want to store their wealth in these currencies. A classic example is that of the Zimbabwean Dollar.

[Qartersa]

This is a serious problem, i dont have anything about those people, because it is not their fault to be borned in there.

But i have noticed that they all are just doing the same, introduce themselves into cryptos in order to have a better future.

Why you all are looking for the same? i mean, most of you are hoping to be millionaires and you are the first reason of why bitcoin has been so hyped lately.

Probably 1,5/3 of total forum population is from Philippines and Indonesia, and those are the majority in here, and you all are hyping bitcoin as hell.

Is there a reason to be buying bitcoins like crazy people? Or just trying to get them at any cost? Please, give me some explanations, maybe i am missing something.

This is not a racist thread, i just want to know more about your situation.

What is so serious about it? And how come you were able to generalize that most of Bitcoin users come from third world countries? There are no data as to how many users come from one specific country to another hence it is downright wrong to speculate on such assumption. And besides, what is so wrong with it when increasing the amount of earnings in each household can increase the spending power of the people thereby improving national economy? And when one nation improves economically, it also benefits worldwide exchange. Hence, I see no wrong if there are a large number of Bitcoin users who come from third world countries. I see this post as very racist.

[Lucius]

I just can ask OP why he is here on forum and why he is interested in BTC.Probably for the same reason as people from Philippines and Indonesia and some other countries where life is not so easy or simple like in some wealthy countries.People just try to get better life,and if cryptocurrency can make it possible I do not see where the problem is in that.Satoshi is created BTC to try make financial freedom for all people around the world, and it is currently working.

If you think someone is violating the forum rules,signature spamming or something else,there is button for report to moderator any post or user.As for me, all the people on this forum are equal,or as you say crazy about cryptocoins.

[Urbanbypas]

People from poor countries tend to become rich by any means. Especially if you do not need to work, but you can invest in a financial pyramid or another similar event.

[Topaz72]

I think one of the main reasons that these 3rd world countries are investing so heavily into BTC is because of their value in currency. Bitcoin's value surpasses the currency value of their own country and with a weak government, they turn to BTC.

This of course is only my thought, and you may think I'm spilling bullshit. But almost everyone that invests in BTC right is in hopes that it will generate a 100x return and make them rich in the near future.

Lol! what are you babbling about? Bitcoin is already worth 11000 dollars! It has kicked the dollar in its ass already. So how come it won't be worth more than their local currency? Also *weak Government has nothing to do with it.

As for your second part, i disagree. People are not investing in bitcoin because it will make them rich, instead they are investing in bitcoin because it is the currency of future.

Actually in third world countries there is no job and the economy situation is not so good there and people have no good food to eat and education system is also very bad so bitcoin bring revaluation is these country because bitcoin is providing such a good opportunity for income and people are taking a very good advantage from it and some of them have changed their life just because of bitcoin and they wish that bitcoin will be legal soon in their country.

[Harlot]

When you think of it that way and assuming your facts are true I think that these people from 3rd world countries are only getting a small slice of the pie as people who are really crazy for cryptos are those people who are creating hype coins and also HYIP sites that are mostly created by people from developed countries. So before creating a bold statement about a particular nation you better get your facts straight.

[chocomartin]

Simple. Money is money, in third world countries you're lucky if you get a decent job which usually happens only when you're privileged enough to afford studying in a reputable university. But this is not true for most people, the situation is usually shit here so people do what they can to earn. You're asking why we get involved in cryptos? You already answered your own question there bud read your post again, not really sure what you want us to say.

[chocomartin]

This is a serious problem, i dont have anything about those people, because it is not their fault to be borned in there.

But i have noticed that they all are just doing the same, introduce themselves into cryptos in order to have a better future.

Why you all are looking for the same? i mean, most of you are hoping to be millionaires and you are the first reason of why bitcoin has been so hyped lately.

Probably 1,5/3 of total forum population is from Philippines and Indonesia, and those are the majority in here, and you all are hyping bitcoin as hell.

Is there a reason to be buying bitcoins like crazy people? Or just trying to get them at any cost? Please, give me some explanations, maybe i am missing something.

This is not a racist thread, i just want to know more about your situation.

most people from the 3rd world countries specifically asians are mostly poor and dont have jobs or unemployed therfor they cant buy or invest in bitcoin or in these so called cryptocurrencies rather they just come here on the forum to shill a crapcoin and to post a sh*t garbage/girbish post in order to get paid and earn bitcoin or any other coins (i.e altcoins , tokens ) and this is the real problem here that we should worry about.

A quick Google search actually disproves your first statement. How do you usually identify a  "sh*t garbage/girbish" post? The lack of supporting facts for a statement and/or the lack of correct punctuation and grammar? Similar to what you just posted? lol

And what's the problem though? Are they hurting you in some way? There's a report button right there buddy if it really bothers you. 

[cindygirl]

This is a serious problem, i dont have anything about those people, because it is not their fault to be borned in there.

But i have noticed that they all are just doing the same, introduce themselves into cryptos in order to have a better future.

Why you all are looking for the same? i mean, most of you are hoping to be millionaires and you are the first reason of why bitcoin has been so hyped lately.

Probably 1,5/3 of total forum population is from Philippines and Indonesia, and those are the majority in here, and you all are hyping bitcoin as hell.

Is there a reason to be buying bitcoins like crazy people? Or just trying to get them at any cost? Please, give me some explanations, maybe i am missing something.

This is not a racist thread, i just want to know more about your situation.

I can't speak for them but I would guess that for many it is not a case of making million it is just a case of being able to provide for their families and secure themselves a better future than is currently offered to them if they follow the usual path that is provided in their countries.

[oegarod]

People from third world countries always try to move ahead and reach next levels of living. In this regard people always try to make a good earning through bitcoin. Recent price variation between countries will give a clear understanding how people of third world countries were craze on bitcoin. In India the price difference was felt to be over $2000 when the price was showing sudden pumping.

[qwertyup23]

This is a serious problem, i dont have anything about those people, because it is not their fault to be borned in there.

But i have noticed that they all are just doing the same, introduce themselves into cryptos in order to have a better future.

Why you all are looking for the same? i mean, most of you are hoping to be millionaires and you are the first reason of why bitcoin has been so hyped lately.

Probably 1,5/3 of total forum population is from Philippines and Indonesia, and those are the majority in here, and you all are hyping bitcoin as hell.

Is there a reason to be buying bitcoins like crazy people? Or just trying to get them at any cost? Please, give me some explanations, maybe i am missing something.

This is not a racist thread, i just want to know more about your situation.

Though you may be right but who does not want to risk the opportunity of being rich with cryptocurrencies? I am from the Philippines and I heavily understand the implications of investing into bitcoin. Being in a third-world country is very difficult to manage especially when you are surrounded by corrupt politicians. You are going to exert all the means in order to alleviate your current situation and bitcoin may be the ladder in order to take the first step towards being successful. I am not saying that bitcoin will make me successful, but personally it already changed my way of living in terms of giving value to money.

About the situation of being hyped, I also want to know on why did you choose Indonesia and the Philippines as the catalyst to this conflict. In the Philippines, most of the population are under the poverty line and only a handful of people know bitcoin. Also, there are a lot of DEVELOPED countries that contribute to this situation and not only the PHILIPPINES and INDONESIA are responsible for this. Though I want to be objective as possible, you really need to check the facts first before making a thread that damages the integrity of these countries.

[Mr. Thang]

This is a serious problem, i dont have anything about those people, because it is not their fault to be borned in there.

But i have noticed that they all are just doing the same, introduce themselves into cryptos in order to have a better future.

Why you all are looking for the same? i mean, most of you are hoping to be millionaires and you are the first reason of why bitcoin has been so hyped lately.

Probably 1,5/3 of total forum population is from Philippines and Indonesia, and those are the majority in here, and you all are hyping bitcoin as hell.

Is there a reason to be buying bitcoins like crazy people? Or just trying to get them at any cost? Please, give me some explanations, maybe i am missing something.

This is not a racist thread, i just want to know more about your situation.

I would like to know on why you are blaming the Philippines and Indonesia about the recent hype of bitcoins in the world. First, you need to consider that there are a lot of ads and news going around lately into televisions and social media due to bitcoin's price increasing every day. Second, the population of Philippines and Indonesia combined are around ~360 million people, assuming that every individual uses bitcoin. Third, the Philippines and Indonesia are considered developing countries and are under the third-world category- meaning that not everyone has internet access to be able to utilise bitcoin.

Your argument of blaming these two countries alone are invalid and requires special attention since compared to other first-world countries, people there have the means of accessing bitcoin. Not to mention, the fact that you are also blaming them for the hype of bitcoin implies to me that bitcoin is only for the average-rich people and no third-world country may use its opportunities and benefits. Before you make rash threads like these, consider first what they are experiencing in their country as I believe, every individual has the right to exhaust all the LEGAL means in order to make themselves rich.