bitcoin in developing countries

[kolesni]

In developing countries, majority is still unaware about bitcoins. From those who have heard and know about bitcoins, most are still neutral and do not buy.

[jademaxsuy]

It is good to have a bitcoin or any crypto in the developing countries because it gives the chance to get a profit in a smaller scale unlike those rich country that are investing huge money to get more profit. However, if you had that kind of money it would be difficult and risky since there are individuals that do know how to hi jack exchanges and digital wallets. They should be careful on their investment.

[BlueStackz]

I think that government and mass media, television are having a great affect on humans beliefs about bitcoin, so they handle big power to use it for good, or for bad.

Bitcoin in developing country is pathetic. It has been banned in so many countries and is illegal for the people to invest in it. Besides, the TV and media also need to show the benefits of the currency but in underdeveloped countries, it is rather considered something not important. But the European and American are enjoying the great services and using the technology to make the daily lives easy.

[Monnt]

Bitcoin in developing countries is robust and fastly adapting to mainstream financial market and number of atms is the main reason for bitcoin growth in major developing countries

Yeah we know that almost everyone in the developing world is already connected to the internet and they have their own gadgets. so do not be surprised if the development of cryptocurrency in developing countries is very rapid. while poor countries are very difficult because many of them do not understand about technology

Besides developing countries now less developed or under developed countries is also negotiating on the crypto market with their central banks and other countries about its affects and future.

Countries who recognized are the most developed countries are they are doing well with this fast system and using as a source of investment. This will make other countries to adopt this currency so that they may be able to make better their economies.

[omitusaf]

Firstly, the only thing that has always been causing inflation is the manipulated and monopolized Fiat system.
Secondly, bitcoin is a deflationary currency. So, I leave you to do the maths!

The governments fear that bitcoin and cryptocurrencies will render the fiat system useless. Nobody wants to hold fiat when it's value is depreciating with respect to other currencies.

[jameskarl]

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?

FIAT for now is more stronger than cryptocurrencies, thus it cannot deny that possibly in the future, cryptocurrencies will be more commonly used rather than the traditional FIAT. Yes, in fact some developed countries already uses bitcoin and accepts bitcoin at some of their establishments, yet some risks are to be entailed when you are using it as a medium, there are also risk management ways in order for it to be minimize or eliminated.

[omitusaf]

Bitcoin in developing countries is robust and fastly adapting to mainstream financial market and number of atms is the main reason for bitcoin growth in major developing countries

Yeah we know that almost everyone in the developing world is already connected to the internet and they have their own gadgets. so do not be surprised if the development of cryptocurrency in developing countries is very rapid. while poor countries are very difficult because many of them do not understand about technology

Besides developing countries now less developed or under developed countries is also negotiating on the crypto market with their central banks and other countries about its affects and future.

Countries who recognized are the most developed countries are they are doing well with this fast system and using as a source of investment. This will make other countries to adopt this currency so that they may be able to make better their economies.

Developing countries are always wary of technologies from the developed countries until they have been tested time and time again. They say they're doing so because of security reasons or the like.

[kohnewlife]

Lets talk about China:

China is home to about 70% of the total computing power dedicated to bitcoin "mining" -- that is, creating new units of the currency by solving complex math problems with sophisticated software. A clampdown on mining in China,
 achieved by pinching off electricity supplies essential to the power-hungry process, could drive up costs and fundamentally reshape the bitcoin market.

[illnino]

Bitcoins in developed countries will be new and not as popular as the developed countries it will grow as the economy of that country ico projects will be new and really needed help for the fast growing economy

I do not think that the governments of the so-called developing counties are so much interested in the cryptocurrency. They are seeking for more fiat credits.

[richkellj]

I don't think Bitcoin will cause inflation in developing countries. That's more affected by other things, in particular how the country is being ran by the politicians.

That is the main thing how the politicians run the countries that are developing. Almost all of them are corrupt elites and loot billions out of the economy for their personal interest and this has been happening since long which has led the countries into nothingness. So there is already inflation and the common people do not even know what Bitcoin is because majority of them have banned the currency in the countries.

[Eijrafarm]

I think bitcoin is a good investment in developing countries. We may see how much potential bitcoin could give in those countries that is not having a good economic status.

[repzaj]

I think the cryptocurrency will not affect our economy because some countries in the world now recognizing it and make it legal.

[Rebisco]

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?

The bitcoin is popular in developing countries, actually; there are now many businesses and stores who are now accepting bitcoin as payment. There is high possibility that the cardless society will happen.

[markk94]

I don't think so that it will directly impact to each region economy situation. It is not like 80% crypto investor in a region is all whale, many of us still new or still having small amount of asset. Bitcoin in developing countries definitely not affecting any of group/ region economical situation. But, it is affecting your own personal economical situation.

[ucingucingan]

actually if the government is friendly with bitcoin, it is not impossible that the state will get a lot of money from the transaction tax bitcoin, it is a small tax transaction and can be determined sender, the government can benefit if it can cooperate with miners in the country to levy taxes there and use it for development in the country

[tracyspacy]

have read about east European country Belarus, they legalized cryptos and ICOs in order to attract foreign investments.  Succeeded they in that or not I don't know.

[Wajan]

if in the country of Indonesia bitcoin not yet developed, because that knows bitcoin not too much, maybe if 1 year to come bitcoin will surely bekembang improve.

[MMA]

Bitcoins in developed countries will be new and not as popular as the developed countries it will grow as the economy of that country ico projects will be new and really needed help for the fast growing economy

I do not think that the governments of the so-called developing counties are so much interested in the cryptocurrency. They are seeking for more fiat credits.

Yes currently its look like that government of developing countries are not too much interested in bitcoin, in fact the do not have any idea about crypto currencies and its benefits, i think that it will take some more time when the people and even the government of so called developing countries understand the importance of bitcoin and other crypto currencies.

[Aristus]

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?

The government leadership from different countries have their own different views regarding bitcoin the others believe that bitcoin is not good in economy so they ban crypto currency while the others believe that it is very helpful for the growth of economy so they let crypto currency working freely. But I don't think inflation can be the damage result of bitcoin because inflation is always a problem since then when crypto is not yet discovered.

[Rambogae]

Unfortunately, in case of Television, the media channels are showing only negative things about crypto. This needs to be changed if we want crypto to be mass adopted.

I think developing countries have the idea that decentralization can affect the average growth of the country and may make it decline. They will not experiment, but have an understanding of the rumors spread by the media and other sources. This will change when one of the countries with bitcoin adoption makes a big change in their growth percentage.
Developing countries are very scared compared to other countries, because of the decentralization system.