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Author Topic: bitcoin in developing countries  (Read 3367 times)
deppil
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May 26, 2018, 12:46:39 PM
 #361

Bitcoin has a good response in many country. Bitcoin will help those country to overcome their financial crisis and also help to built a strong economic in those countries. In central Africa country like Kenya, Zimbabwe etc taking the benefits from bitcoin through Bitpesa Wink. This app help them in their transaction and in many other thing also. Bitcoin mainly reduce the unemployment issue in those country by providing job in their country people.Bitcoin also provide its mining  help in those country to create their own Bitcoin. With the help of Bitcoin they can buy anything from Internet. Even those thing which are not sold in their country  Smiley

Wow! Well, what can we say? Bitcoin really have a great impact to our beloved countries. It helps improve our countries little by little until a big changes will come. I hope this will be a great mark for bitcoin.
I think bitcoin doesn't have a big effect on the country's economy if the total bitcoin users in your country are not so big. but will certainly be very influential for individual economies. bitcoin is very fertile in developing countries because many people are unemployed in developing countries and they are very helpful because of bitcoin
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May 26, 2018, 01:03:28 PM
 #362

Bitcoin has a good response in many country. Bitcoin will help those country to overcome their financial crisis and also help to built a strong economic in those countries. In central Africa country like Kenya, Zimbabwe etc taking the benefits from bitcoin through Bitpesa Wink. This app help them in their transaction and in many other thing also. Bitcoin mainly reduce the unemployment issue in those country by providing job in their country people.Bitcoin also provide its mining  help in those country to create their own Bitcoin. With the help of Bitcoin they can buy anything from Internet. Even those thing which are not sold in their country  Smiley

Wow! Well, what can we say? Bitcoin really have a great impact to our beloved countries. It helps improve our countries little by little until a big changes will come. I hope this will be a great mark for bitcoin.

Yeah that's a great news for bitcoin to prosper high, and yet more countries will be interested to adopt digital currency. Because of this changes, I think the improvements will help create good opportunities that will help every citizen to gain good profit, as well as sustainable income.
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May 26, 2018, 01:10:44 PM
 #363

People are like investigators when their point of interest is being hit, so when people learned more about Bitcoin in the future they will invest even with small portion and try to use it or make progress, and if everything turns right then they will invest more.
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May 26, 2018, 01:13:30 PM
 #364

using bitcoin as payment is illegal and they are too worried that bitcoin will disrupt economic stability in our country whereas before people in my country know bitcoin, the economy in my country is not good and continues to deteriorate in a few years. so I do not think bitcoin has any adverse impact on the economy of a country
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May 26, 2018, 01:32:19 PM
 #365

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
In almost all developing countries, wages and basic salary of the marginal class of people is lower than their actual cost of living making them hopeless to have a good quality of life ahead of them. Bitcoin broke that barrier and gave them hope to achieve their goals in life, financially. It is like they are having a fair share of wealth where their country can not provide. It is like they are working abroad and adding extra dollars to the country. So, while they are improving financially as an individual, they are also helping their country to earn extra revenues.
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May 26, 2018, 01:39:11 PM
 #366

bitcoin in my country has not developed, because in Indonesia do not know more deeply in bitcoin forum, and country indonesia has not develop bitcoin forum, maybe if next year already know bitcoin forum will surely be developed in indonesia country.

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May 26, 2018, 02:56:50 PM
 #367

at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
Yes in a big country, bitcoin has been discussed for a long time, there is even a movie that in the conversation talks about bitcoin. But so far I do not feel if bitcoin disrupts the economic stability of a country, I feel the opposite. With bitcoin, the economy of a country will improve and I think that inflation is natural, because everything is always moving.

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May 26, 2018, 03:07:46 PM
 #368

Bitcoin has a good response in many countries. Bitcoin will help these countries to overcome the financial crisis, especially for the people who use it and the developing country is a good thing.  Smiley
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May 26, 2018, 04:08:44 PM
 #369

It must be admitted that the largest users of bitcoin are from developed countries like Europe, USA, Korea and Japan, bitcoin users are still very low in developing countries because they are more confident with official news that prohibits bitcoin.
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May 26, 2018, 04:15:42 PM
 #370

Which makes bitcoin difficult to accept in developing countries of course because of the government's attitude banned bitcoin, this is what makes users in developing countries can not change as developed countries.

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May 26, 2018, 05:10:59 PM
 #371

It seems that bitcoin can affect the economic stability of a country if bitcoin is not governed by laws and regulations in that country. That's because the value of bitcoin investment is very high but has no physical or anonymous.
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May 26, 2018, 09:44:13 PM
 #372

If I think this bitcoin is faster developing in developing countries like Indonesia, Malaysia, India and other developing countries because in developing countries economy Society is still below average and very difficult to find jobs in developing countries so that many people are switching to bitcoin which can be used as a livelihood.
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May 26, 2018, 09:53:42 PM
 #373

Of course it can but only because people are trying to stop it. Bitcoin has a unique system and much more worthy than any banks around the world. People can do all the transactions from their device and the other people can receive the coins into their wallet. No need to wait two or three days or you don't have to pay high taxes. The system is self balancing and nobody can interfere with any block in the network and if anyone did change something then all the rest of the blocks will become invalid.
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May 26, 2018, 10:12:35 PM
 #374

I don't think economy is really the first concern of the government, I believe government is worried about losing control of  currency and only Bitcoin poses a major threat to that. I foresee countries developing their own digital currency in the future.

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May 27, 2018, 01:07:25 PM
 #375

Bitcoin is now known throughout the world, bitcoin is now spreading the news of this bitcoin in newspapers, TV news, and other media, people want to know about it. And it's a matter of bitterness and bitcoin is now world-wide. Bitcoin Many popular in the world are very popular in the country. If seen in advanced countries, then the developed countries have not bitcoin ban.
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May 27, 2018, 01:37:22 PM
 #376

Bitcoin is now known throughout the world, bitcoin is now spreading the news of this bitcoin in newspapers, TV news, and other media, people want to know about it. And it's a matter of bitterness and bitcoin is now world-wide. Bitcoin Many popular in the world are very popular in the country. If seen in advanced countries, then the developed countries have not bitcoin ban.
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May 27, 2018, 01:41:25 PM
 #377

I think bitcoin is very important for the developing country, because you can earn money from bitcoin and show the country's financial condition. Which is very meaningful for developing countries.
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May 27, 2018, 01:44:38 PM
 #378

in my country bitcoin not yet developed, maybe because bitcoin not yet in officially in indonesia, hopefully bitcoin in indonesia in remikan, let that work more and more.
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May 27, 2018, 01:46:30 PM
 #379

No I don't believe that bitcoin is bad for the economy of a country but rather it is bad to the private businesses of a certain country. Like for example insurance company, investing in a bank,or any kinds of businesses that needs investors, because investing in bitcoin than investing in any of these is giving the investors and chance to earn more. Also it is more attractive because of being tax free.
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May 27, 2018, 01:49:44 PM
 #380

I think bitcoin will not distrupt economies because that transition from fiat money to crypto will not be so fast and also while this transition will be happening, there will be transition among institutions as well.

I agree . But maybe now it is not possible but later in the near future it will be. Bitcoin will devlope countries by means of its volatility
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