bitcoin in developing countries

[yarozaqu]

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?

Bitcoin in developing country will help their financial economy.

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[Veronika94]

Bitcoin will always interfere with the economy of the state, as it will compete with the ordinary money that they regulate.  But they also understand that other countries are taking bitcoin, so everyone will also take it.

[Cosbycoin]

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 the development of bitcoin in every countries world wide i think it can not disrupt to the economic stability of a country in accessing cryptocurrency because in the first place bitcoin is made only to decentralized currency which is to eliminate third party involvement between the government and the state.

But that seldom happens and governments have rather banned the technology for its people to be used due to many reasons. One of them is that the government acts like a father to the masses and consider it a duty to prevent people from any thing wrong that could affect their lives adversely.

Since people can loose money in Bitcoin, this is one reason government has banned it in third world countries. Also to reduce the level of crime, the toll is used.

[btctalk123]

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.

Many governments understand that people can earn money using bitcoin and they can spend them only inside the country. It is the best way to develop your country.

[xAnima]

We know some countries are starting to legalize the use of Cryptocurrencies and this maybe because of the fact that some of the government officials are doing some research on how it can affect or improve their countries economic status. We know Thailand just recently legalize the use of Crypto and it is a huge move to believe that it will make their country better in terms of employment and the communities ability to sustain their personal needs.

[Cosbycoin]

i saw in the news it's time to develope our country by using the bitcoin. i came in my mind why government and banks banned bitcoin so i cannot understand why people banned it. they know the truth of bitcoin i think they scared to have not income people will change the bank account by using there gadgets.

yes that is the reason why banks and governments are scared of cryptos becauase they think people will become obsesed with it and people will maybe stop using the fiat which can lead for thier business to become less demand .  but they shouldnt have ban cryptos in the first place because cryptos are indeed verry helpful and can really make  a country to become more succesful .

though there were already succesful countries just before bitcoin and other cryptos came out . they are succesful because they have a great leaders and i dont think cryptos cant possibly help a country if it has a poor leader .

How the Bitcoin is created a d what is the procedure and from which source it is coming, are all the questions Zimbabwean government is asking after getting these answers they will think to recognize the Bitcoin and will need a proper system to run it in country.

Many other countries are also in negotiations with countries where there is a proper system for the Bitcoin so that they also adopt that system to make future source for making economies better.

[Menawi12]

It is absolutely not true that bitcoin will disrupt economic stability thereby causing inflation especially in developing countries, this is because bitcoin is not just a digital currency but it is an investment platform that inject cash into the economy thereby empowering more persons to invest which in turn will lead to economic growth and stability

If government implementing bitcoin system, I am believe the economy system will more stronger facing economic crisis. Cryptocurrency and digital money creating eficient system and government ledger will be more transparant

[gamalzour]

for developing countries I think bitcoin will be one of the alternatives that can be rely on for economic growth this will make the people of developing countries can make new innovations that will create new businesses in the field of crypto.

There is a proper system for the Bitcoin and other cryptocurrencies as well in many developed countries and became acceptors which have a better affect on their economies and living of people on a modern and easy way. It made life easy and benefited for countries where it is using due to all these advantages other countries are also looking to bring this modernism in their countries too.

[kiumilo0o]

As far as I can see, in developing countries they are very focused on developing the technology. This brings many benefits. Reduce human costs. This will be very good if my country is more interested in technology.

[suvo05]

Bitcoin and the other cryptocurrencies can really help developing countries. There are lots of people who are earning through the cryptocurrencies. But one of the main concern of those country has that a small percentage of the population are very rich and control the maximum of the economy. If they start moving their assets in the crypto then it would be a concern for the government. So lots of them are trying to regulate it.

[Oliver2]

It's normal for people in developing countries to invest in BTC a little bit more.
They want to make a lot of money by investing in encryption.

[Wittycoin]

Bitcoin is good at developing countries because lack of job or lack of employment is common. I belong to a developing country and I do bitcoin as a job to be able to earn profit, so bitcoin are really helpful to us. Plus bitcoin is not banned in our country.

[Roger1909]

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?

Maybe in my view with the presence of Bitcoin and other coins or Cryptocurency Obviously will greatly assist the development of the country, for example if the country has been allowed to use Cryptocurency will certainly attract more investors to invest in the country, besides that plus income from income tax, will surely increasingly benefit the country.

[lester04]

Bitcoin will be more valuable by coming years and developing countries could be the one contribute someday. bitcoin now is popular and lots of people have involvement and greedy to learn more in this technology, nowadays lots of people knows bitcoin but not understand how to use  hoping someday bitcoin will open many opportunity in many countries around the world.

[cuplisbird]

If the crypto market generates $ 1 trillion, any interruption effect in the value of Bitcoin will not be restricted to the crypto market. Instead, it will affect buyers and lenders from Bitcoin as well as Bitcoin-related markets, businesses and exchanges. As a result, the whole world may be affected. This, in turn, can cause disrupted economic stability if the people who deal with Bitcoin are not careful.

[ajqjjj]

Bitcoins have crossed a threshold level, all over the world. After a slowdown and correction, now it is observing a steady market. Hope it will boom in coming days.  

Threshold level is only possible in after legalisation of Bitcoin in USA. But that country is silently against in Bitcoin development. So this market development is based on demand of Bitcoin once 21million Bitcoin is out for future It will developed in entire world.

[tantimutz]

Although in developing countries bitcoin is an invisible currency, it has its own potential most developed and developing country currencies taken and given by bitcoin calculations. use of bitcoin is observed in these countries. this makes a big effect in those countries. They know the opportunities they can get from making an investment with bitcoin. I'm sure many people will be interested in getting into the digital currency market .

[Lady Coquet]

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?

It is actually true that bitcoin is starting to get more popular around the world especially in developing countries, that is why many people are interested to invest in bitcoin. I believe that bitcoin is not disrupting economic stability but it helps to improve the economy because it gives people a good source of income.

[mejalipat]

bitcoin may be very useful for developing countries because many people who have thought to be able to earn better income and investment in crypto can provide better income

[Marlo0619]

Yes. Bitcoin must be a part of a developing country. Becauae cryptocurrency like bitcoin makes people lives better. We can make extra income when we use it and when we invest. The bigger the investment, the bigger the income. So when every country legalize bitcoin as part of their culture, their country will be developing fast.