Why Most Bitcoin Users From Good Economies Countries?

[totol05]

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.

[Vannie12]

I think you should provide good basis on this. You can list specifically the countries that you acknowledge as countries with good economic status and a reference that most users are from there. In my own point of view, it go the other way around since if poor countries heard that they can make money from cryptos, for sure they will be embracing the technology without initial information. Massive population can jump in and spamming and shit posting or the greedy ones can find ways to scam others just to get in like for example the robbery case.

[rxplcgna]

Most of the bitcoin users are concentrated in North America, Europe and East Asia. In these developed areas, network facilities and cultural level are relatively high. These conditions are conducive to quick understanding of block chain technology. In some backward areas, there may be no Internet. They don't even know what bitcoin is.

[Df9898]

because the purchase price and also a high among top suitable for buy bitcoin and countries with good economy because developing countries are difficult to understand about the bitcoin.

[squatz1]

Because the people in these countries have disposable income to be throwing into bitcoin, we have the money to be able to pretty much gamble on making some extra cash and speculating on bitcoin. Also, we have the institutions that are supporting bitcoin/selling -- such as Coinbase, Kraken, Bitfinex, etc. These aren't usually present in poorer nations due to the fact that the demand isn't really there for them.

So yeah, pretty simple reason.

[TepungBeras]

It is true that bitcoin is much owned by a country that has a good or advanced economy, I think because of the awareness of the future and also the knowledge of modern technology, we must follow the development so as not to be left behind by the times.

[abelmon66]

That is because the understanding of people in developed and developing countries is very different, in developed countries are very concerned about the development of the times and technology and also investment for their future later and the government also always support their people's activities in terms of knowledge development.

[hoanghai101296]

Because of underdeveloped countries, their living standards and incomes are sufficient to survive, and they do not even have the internet and they do not even know what Bitcoin is.
So most BTC users are in developing countries

[tiga huruf]

because a country with a good economy will know much of the development of the world economy. including economic developments such as bitcoin.

[Analea1]

Most of the bitcoin users are concentrated in North America, Europe and East Asia. In these developed areas, network facilities and cultural level are relatively high. These conditions are conducive to quick understanding of block chain technology. In some backward areas, there may be no Internet. They don't even know what bitcoin is.

It's because good economic country is much advance than third world country it give them a lot of opportunities, while in underdeveloped country the incomes are just sufficient to survive. They don't have extra income for this kind of investment. And also they don't even what is bitcoin.

[Whibu]

Progress of a country indeed I think much influence polo public thinking about the development of the times and technology, and it is true with what you say, we should follow many ways of thinking developed countries.

[Angelia46]

Yes, it is entirely possible.
With the deployment of lightning network, the speed of bitcoin transfer will be greatly accelerated.

[S4roZa]

Because of the great country and the good economy whose people are very well informed about the economy, they know about the economic stastism, they understand about foreign exchange trading and even manage the crypto money, so to me it is not strange that people from a country with a good economy precisely who knows about cryptocurrency.

[RamonBTC]

Bitcoin ATM is not the right thing on basing the number of bitcoin investors in one country. There is more of a business adaptation and fundamental mental state of the businessman within. Also culture have to do with it, conservative and religious that is mandated by society we belong.

Bitcoin investing is not a typical stock market clone that you badly need big money to part of, its value base on faith and trust. Economic ranking won’t be relatively the same on bitcoin statistics.

[syaripudin]

a facility to be able to perform or access bitcoin activities is a very important thing that should be facilitated by governments. so I think why nowadays bitcoin activity is very much done in countries whose economic level is good enough in my opinion it is because in that country all kinds of facilities to be able to access bitcoin activity have been very fulfilled. besides that in terms of information I think countries with a pretty good economy rate it will be faster to get information about bitcoin.

[Arumi.Bilqis]

initially only people who have a good economy and they can buy computers even they have a high science but now all things can happen in my country only with the intention of capital and their motivation can become better and become a successful millionaire and first learn only users are now getting results and buying computers from hard work and amazing to share our knowledge and we are just ordinary people who have a personal work job and thanks to all our team now is a very outstanding team.

[bitfocus]

people from a good and stable economy usually has more purchase power, good education, and to-the-point thinking style - so, in every aspect,m they are smarter.

[amishmanish]

Why Most Bitcoin Users From Good Economies Countries?

Bitcoin has its roots in two main phenomena:
1. The cypherpunk movement which sees cryptography (that why the 'cypher', instead of the 'cyber') as a bedrock that can ensure privacy in all our interactions.
2. Ideas of libertarianism, that advocate individual liberty as the highest ideal and aims for minimal government intervention.

Both these ideas aim for personal responsibility and liberty without the government laying down norms on what to do, how to transact, how much to tax etc. etc. Today if i wanted to start a business, I'd need a hundred clearances from the government departments in my country. I am the one who puts in the hard work in my business but the government gets a share of it in the form of taxation at every stage. They do this by making "exchange of value" a highly complex system that involves banks and law agencies at their core.

Bitcoin does two things to further the cause of privacy and liberty. It is a "medium of exchange" as well as a "store of value" without needing an approval from the government. We, the people give it true value.

Only in developed societies people have had enough freedom, education and personal courage to follow these above ideas so most bitcoin "users" are from developed countries.

--snip--
How the people of small countries can participate in participation and benefit from it?

On the other hand, people in developed countries are forced to see governments as some sort of a benevolent giant that can crush you anytime but chooses not to. That is because, the level of public services, law and order etc. in our countries is so abysmal that we have a constant need to make ourselves and our loved ones safe from the struggles and dangers of a "normal life". People are too busy trying to earn enough authority or enough money so that they are not vulnerable to the fickleness of such an insecure society.

Bitcoin gives these people a chance for the first time to be their own master. Go peer-to -peer and create your own local economy. In whatever small scale it maybe, you can choose to teach yourself about the technology and the ideas behind it. Let go off the silly notions of creed, race, nationalities and so on. When religion stopped working, people introduced patriotism in the mix. Ultimately, it's only about controlling the population. Those who are lucky enough to get in touch with these ideas have the choice to let go off just be what god/nature/evolution made us. Human.

Take responsibility, Build things, Be Kind and Share.

[Ilegendph]

I think you should provide good basis on this. You can list specifically the countries that you acknowledge as countries with good economic status and a reference that most users are from there. In my own point of view, it go the other way around since if poor countries heard that they can make money from cryptos, for sure they will be embracing the technology without initial information. Massive population can jump in and spamming and shit posting or the greedy ones can find ways to scam others just to get in like for example the robbery case.

I think he is referring to free countries with good economic status like Japan who engage itself in developing and promoting the actual usage of bitcoin and not just simply speculating.

[fokinlipat]

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.

Most of the people from good economic countries are participating in bitcoins because:

1) They have good income and savings to invest in bitcoins. On the other hand, people in developing countries do not have even the resources to meet the monthly expenses. They do not have much savings to invest in bitcoins.

2) Another important factor is lack of knowledge about bitcoins in poor economies. There is less availability of internet in these places and literacy rate is also quite low. As such, people have less information about bitcoins in these places .