bitcoin in developing countries

[Crypto24hrs]

When the economy of a country is down one of the practical measures the country will take is to inject more capital into the hand of its citizens to encourage investment and local production to boost the economy and incidentally bitcoin plays this role of injecting capital into the hands of the public thereby encouraging local production and investment which is what most developing countries need so bitcoin is friendly to developing countries.

[llyfee4u]

Bitcoin is like gold rush in many developing countries.  What it does is, it gives many the opportunity to get involved and make a living by virtue of being involved in crypto even without any sort of fiat investment.   If consider how far, say a $5 airdropped coin or token will go in some countries, many are now involved in cryptos in general with hopes of converting their rewards into bitcoin. In fact, I've heard of some success stories of people who have completed changed and turned their lives around as a result of involvement in bitcoin.  I doubt that the popularity of bitcoin in developing countries would disrupt financial stability because unlike in the west, there isn't massive amounts of fiat investment coming from those countries due to low levels of disposable income.

[Stavri]

i dont think bitcoin has any major effect in my country. because there are not so many people aware about crypto market. and there are really so few people that invest big amount of money in bitcoin.

[bennie4]

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?

You may find that in developed countries bitcoin has been recognized and is coin as a currency to be traded and for legitimate circulation, people are very coin by bitcoin by the security of payment and other The great benefit it brings. You can stick at anytime with just a click and do not take care of carrying or security.

[Savemore]

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 term bitcoin in some developing countries are now popular. In my country, there are now many people who becoming interested to what is bitcoin. They are aware to the benefits that the users can get from using it.

[gurupauts]

bitcoin is becoming increasingly popular especially in developing countries and as more and more people are interested in bitcoin investments, bitcoin prices will become higher and of course will affect the economy especially for its users

[Rhaizan]

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 term bitcoin in some developing countries are now popular. In my country, there are now many people who becoming interested to what is bitcoin. They are aware to the benefits that the users can get from using it.

Also in my country, actually when I cash out my money from bitcoin there is a man who see doing that and asking me about it. He want to know more about bitcoin ,that's how popular bitcoin now.

[Btcepenbob]

Bitcoin in developing countries is very helpful in their economic growth. It is a very useful tool to have drag a countries economic status.

[ParadoxXx]

In this case, the government will probably tax you through bitcoin. For instance, in japan you already can pay bills and federal taxes using bitcoins.

[renggileh]

I think Bitcoin is surely a thread to the country's economy. Government really hates it a lot but they have to face it that's how we will know which system of money management is better.

[Ekimzjames20]

In this case, the government will probably tax you through bitcoin. For instance, in japan you already can pay bills and federal taxes using bitcoins.

Bitcoin in developing countries is the best or very useful. Specially in terms of business through there payments system. It help them to make there business fast with the transactions.

[ParadoxXx]

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?

How have you been able to find a relationship between bitcoin and the inflation of a country? Makes no sense.
Bitcoin is not "disrupting the economy" it's just making it harder to your country tax you.

[The Sceptical Chymist]

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!

This is a little bit out of my league, but I'm not completely ignorant about economics--when you say "deflationary" you mean it's supposed to gain in value over time, correct?  I assume that's what's meant, since I know the definition of "inflation".  It seems to me that this doesn't necessarily have to be true.  

Bitcoin's price, and thus its purchasing power, is determined by demand only (supply is known and will eventually be fixed at 21 million).  There's no law of nature saying that it has to keep rising at all.  It certainly can't fall past zero in terms of fiat, but it can approach or even reach that.  In other words, it can become worthless.  

Doesn't seem like that's going to happen, but all we'd need is one good black swan event and this deflationary currency won't be able to buy anything.

As far as the developing countries go, I can pretty much guarantee that people in most of those places aren't using what little money they have to actually buy bitcoin.  They're most likely to be the ones trying to earn it through jobs like the ones offered on this forum.  You'd have to either be an extreme gambler or relatively wealthy to go out of your way to buy a cryptocurrency that you're not likely to spend, and which doesn't offer many advantages over fiat in terms of being a currency.  Hate to say that, but it's true.  It's much easier to spend fiat than it is bitcoin.  So I don't know how much the 3rd world is being helped by crypto.  I hear a lot of claims about that here, but they all sound like rah-rah shitposts.

Bitcoin is not "disrupting the economy" it's just making it harder to your country tax you.

Not much on this forum makes a hell of a lot of sense.  "Disrupting the economy" sounds like those clickbait links that you see at the end of trendy listicles, like "This one cryptocurrency is disrupting a $10 trillion industry!".  It's a buzz phrase, and I tune those out as soon as I see them.

[harimurry]

Being a citizen of a developing countries myself, I would add one thing that people should also be aware of,  that the corruption by those in power (government, bureaucracy and politicians) in some developing countries are so acute that Bitcoin advocates in those countries should be very carefull not being tools for those bandits to whitewash their illegally-obtained money.

[hanters]

not bitcoin will not cause inflation because bitcoin is the currency is deformed. proven in a country that legalizes bitcoin as a legitimate means of payment the country is getting ahead and its economy is also good not inflation. bitcoin is a decentralized currency that will not cause inflation.

[kalawang]

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?

That is not capitalism. I even though it you are actually being wise. The first place? Broken, and technology. I believe that bitcoin and a great mind that you have knowledge and technology. Cause bitcoin are respectable. Cause I support that bitcoin is not capitalism.

[ParadoxXx]

Bitcoin is not "disrupting the economy" it's just making it harder to your country tax you.

Not much on this forum makes a hell of a lot of sense.  "Disrupting the economy" sounds like those clickbait links that you see at the end of trendy listicles, like "This one cryptocurrency is disrupting a $10 trillion industry!".  It's a buzz phrase, and I tune those out as soon as I see them.

Indeed. Even for a clickcbait, this claim sounds outrageous.Like you said, the best thing to do is to brush aside the unnecessary FUD, but this always will be harder for th new/future users, and i'm sure this keep a lot of people scared and away from the bitcoin. Misinformation is a huge problem in this market.

[btctalk123]

 I've seen the topic which says that developed countries are more likely ready to embrace blockchain and bitcoin technology then poor countries are. But anyway we have seen from the last days the developing countries are also thinking about forbidding the Bitcoin.

[miltonpogi]

I can't find too much issue that bitcoin can disrupt the economic stability, cause there are a lot of positive agenda that BTC can offer on a developing countries. Bitcoin will support the financial crisis of an economy and make more faster transaction and exchange of goods, despite of the popularity of BTC many people are beings scam, because of a tempting information roaming in many social media, that occurrence will make a sense to inflate the demand of BTC in a developing country. IF you noticed even government are not with BTC cause it can make a financial freedom in the society that all people ever wants.

[chrisculanag]

Bitcoin is very useful to all individuals and also the countries that know the important of using bitcoin . Many online business and also remittances that partner of bitcoin. But the bad news that our see in the medias is damaging the goodness of bitcoin. We need more years to come then the government is accepting bitcoin to develop the country.