bitcoin in developing countries

[Kittygalore]

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 really gives of a room with endless of possibilities in the field of business and investments. Bitcoin can basically boost a country's economic status, there's a factor that the economic status of a country is a portion of other people's taxes and with this having to be a legitimate job in a country will help the country to have many job openings and lesser unemployment rate which leads to a better community.

[jeremypwr]

Bitcoin in developing countries is a fantastic idea, especially for countries where their local currency is worth next to nothing.
Realistically speaking I think that one day, BTC will be universally recognized as an elite form of currency, something comparable to that of gold but such is one that people can spend for goods and services.
I will go so far as to even say that one day, BTC will replace certain world currencies that's can't keep up or have little value compared against the dollar.

[cotton ball]

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?

Japan is one of the country that is using cryptocurrency to improve their own economy so there is no reason for the government of other countries to ban cryptocurrency in their area since it was helping different people's life.

their main problem is being unprepared and able to actively regulate, on the other hand they are not ready with a wave of crypto understanding from a community that has actively converted fiat to crypto, in this case the government is still busy organizing crypto taxes and continuing to delay make the regulation as a whole.

[South Park]

But there is a big problem there. I have read many news regarding this on sisal media and electronic media. And every time they said, all such governments of developing countries have banned bitcoins with immediate effect because in their point of view, these decentralized coins can reduce the tax paying from public as they are decentralized and can’t be traced down.

Firstly, in most cases Bitcoin isn't actually banned, but just the practice of exchanging crypto to fiat and vice versa.

Secondly, governments missing out on taxes is just nonsense. If there was no crypto, there would be no additional crypto tax income for governments, so what exactly are they missing? To add; them getting rid of crypto actually makes them lose out on additional tax income. If you regulate the market as government, you WILL get tax income from crypto. It might not be that all people suddenly start paying tax, but what's better, 20% of the crypto traders pay tax or 0% of the traders?

People here need to accept and understand that people in developing countries are mostly poor for a reason, and will remain that for a reason. They aren't supposed to progress further. Poverty, just like debt, means you as authority effectively control everyone fitting in these categories, and let that control be what authorities desperately plan to hold firm.

It is a little bit depressing but I think you're right, those that are poor are very unfortunate to have been born poor and because of that they are going to be denied a lot of opportunities that could help them to change their fate, there are those that are able to get out of that poverty but people like that could have succeeded in almost any scenario that you gave them because they have that kind of drive.

But government could turn the tides with that situation. They could use cryptos at some point that they'll be making an investment program where poor people could invest into crypto with their support by cents or few quarters to start it up and let it grow for a while. It is not the real thing to make them grow their economic status but it could help them slightly to moderate.

While that could certainly help we need to ask ourselves how likely could that be? And to me that seems to be very unlikely, governments will need to accept cryptocurrencies fully at that point, which is something that probably is not going to happen that soon and also one of the first rules of investing is to not invest in something that you do not know anything about, so unless you educate the people about cryptocurrencies it will be a mistake to let them invest in them.

[soenaderecho10]

But there is a big problem there. I have read many news regarding this on sisal media and electronic media. And every time they said, all such governments of developing countries have banned bitcoins with immediate effect because in their point of view, these decentralized coins can reduce the tax paying from public as they are decentralized and can’t be traced down.

Firstly, in most cases Bitcoin isn't actually banned, but just the practice of exchanging crypto to fiat and vice versa.

Secondly, governments missing out on taxes is just nonsense. If there was no crypto, there would be no additional crypto tax income for governments, so what exactly are they missing? To add; them getting rid of crypto actually makes them lose out on additional tax income. If you regulate the market as government, you WILL get tax income from crypto. It might not be that all people suddenly start paying tax, but what's better, 20% of the crypto traders pay tax or 0% of the traders?

People here need to accept and understand that people in developing countries are mostly poor for a reason, and will remain that for a reason. They aren't supposed to progress further. Poverty, just like debt, means you as authority effectively control everyone fitting in these categories, and let that control be what authorities desperately plan to hold firm.

It is a little bit depressing but I think you're right, those that are poor are very unfortunate to have been born poor and because of that they are going to be denied a lot of opportunities that could help them to change their fate, there are those that are able to get out of that poverty but people like that could have succeeded in almost any scenario that you gave them because they have that kind of drive.

But government could turn the tides with that situation. They could use cryptos at some point that they'll be making an investment program where poor people could invest into crypto with their support by cents or few quarters to start it up and let it grow for a while. It is not the real thing to make them grow their economic status but it could help them slightly to moderate.

While that could certainly help we need to ask ourselves how likely could that be? And to me that seems to be very unlikely, governments will need to accept cryptocurrencies fully at that point, which is something that probably is not going to happen that soon and also one of the first rules of investing is to not invest in something that you do not know anything about, so unless you educate the people about cryptocurrencies it will be a mistake to let them invest in them.

Bitcoin is developing a new currency because of people use it and invest and we can see the the price is good so the people like a bitcoin and if many persons invest a bitcoin the bitcoin will grow up and many persons know it and become popular so that in the future bitcoin will popular and bitcoin use in people on daily needs to buy.

[sharnel18]

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 has its own purposes through economic progress of every developing countries because of its astronomical value and bitcoin itself is now spreading its popularity around the world.

[MonaLeeTracy]

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 has its own purposes through economic progress of every developing countries because of its astronomical value and bitcoin itself is now spreading its popularity around the world.

I think that bitcoin will not be a hindrance to economic stability in Indonesia, because here the purpose of bitcoin is to help people in their economic difficulties

[darkedelf]

I think recently heard the news that in my home country are already preparing to put ATMs for the exchange of bitcoins, good news but only I can not find the link

[Evil eye]

Developing some countries using Bitcoin. They are trading Bitcoin independently in their country. That's why they are improving in many areas and going forward. I mention some of these countries such as Japan, America, European countries and some African countries.

[Situk brok]

I think bitcoin develops faster in developing countries like Indonesia, Philippines and Malaysia than developed countries such as America, Britain and Russia because developing countries are more unemployed than those working so bitcoin is used as a means to earn income for the unemployed.

[Maestro75]

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?

Already the bitcoin news is spreading around the world and I think those in India or countries in Asia and Africa are the biggest gainers of the bitcoin discovery. The reason being that their poor economies and devaluated currencies make the little bitcoin they possess look much when exchanged. So it should be a good thing if their governments allow and for bitcoin to be made legal so that their citizens can freely trade it.

[jennygamilo]

it's a good idea to think that bitcoin is discovering that other developmental countries, because bitcoin is something that is popular and deals with money, bitcoin can help them especially in money matters because bitcoin is so affordable and not difficult find it because it is popular, another bitcoin is not necessarily what, bitcoin is also a wonderful prospect to their development of their society and life

[Pujangga]

I'm sure that the future of bitcoin can not be stopped so as to make the country forced to accept and develop bitcoin, this is certainly going to happen soon and if the state does not want to develop bitcoin then they will be left behind.

[Pakwan12]

Bitcoin is good in my country because it help many people to earn money for there future.

[stely41]

Bitcoin is good in my country because it help many people to earn money for there future.

Bitcoin have the potential to change the lives of some of the world's poorest and most desperate people for the better. Bitcoin can improve lives by helping residents of developing countries participate in the global economy and escape from poverty.

[Hotel_Prodeo]

I think this is a good idea because the state wants to develop bitcoin, I'm sure that bitcoin is hard to stop so the step to legalize and develop bitcoin is something to do so it's not left in the future.

[Claudyah]

in the United States applying for a Taxpayer offering services or goods paid on Bitcoin are required to report the amount of Bitcoin obtained in their Annual Income. The value of Bitcoin is calculated taking into account the fair value of the market in US dollars (exchange rate) upon receipt of the payment.

[PIR]

if Bitcoin become a treat to the developing countries and if they see it as obstacles to their aim to success then they will do anything to banned it but on the contrary if they see bitcoin as means or ladder to further their desire for the development of their country then this will be a good challenge for them and this will help them rise above other countries.

[Ishiro5]

Your fears are the major things that bitcoin is addressing in the world economy. Bitcoin and blockchain technology can actually help developing countries to come out of their relatively poor economic status if well harnessed.

[South Park]

I think recently heard the news that in my home country are already preparing to put ATMs for the exchange of bitcoins, good news but only I can not find the link

You do not really need to find that specific link that you lost, there are sites dedicated to monitor bitcoin ATMs all over the world, so just find one of those websites and check how many ATMs are in your country, I was surprised because some years ago there were no bitcoin ATMs in my country and now there are a few and one is close enough to me so that is good news to me.