bitcoin in developing countries

[ibrahimovik]

Bitcoin will help these countries to overcome their financial crisis and also help build a strong economy in those countries. In central African countries like Kenya, Zimbabwe etc. benefit from bitcoin through Bitpesa Winks, It is true that the current Bitcoin system is deflation, but that does not mean it can not disrupt the economy. If enough economic money (% wise) goes into Bitcoin, you can be sure the economy will suffer, unless they start receiving Bitcoin as a national tender. We do not want the whole world to use Bitcoin, not at least simultaneously which will lead to economic collapse around the world.

[molenracing]

I think the presence of Bitcoin will not disrupt the economic stability of a country. but with the presence of Bitcoin would make it easier for people to improve their economy, because of Bitcoin we will get a lot of money. I am very happy if this bitcoin soon in legalkan in all countries in this world.

[t2yax]

I think the presence of Bitcoin will not disrupt the economic stability of a country. but with the presence of Bitcoin would make it easier for people to improve their economy, because of Bitcoin we will get a lot of money. I am very happy if this bitcoin soon in legalkan in all countries in this world.

We should think first what will happen in our economic stability. We seek for only advantages, but theres a lot of negative effects that we cannot see. We know what are the positive effects of bitcoin, the innovation of our virtual money, and the new technologies for all of the countries

[didik12]

Bitcoin is one the big coin, bitcoin is a high value we know  that bitcoin help to give a income to all users. Through bitcoin helps economics by giving a income and help to the job bless people by giving a work. Many job person in the country is a successful countries.

[ModGirl]

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?

Actually it is big concept for the people who are not in the developed countries , for them it will be big thing to decide whether to go with the bitcoin or not , I mean to say that in the present time people are not stupid , they will surely see the history and present time condition in different different countries whether it is better to have or not , and finally they will find only one answer that is yes they should have bitcoin in use in their life .
And I am here sure that one day bitcoin will be universal payment system where no one will be able to stop bitcoin progress and may be it can join the economy of the whole world and everyone will be free to do work in the world without any limitations .
But here need to keep the main point that what will be the point of view of the governments of the developing countries

Bitcoin is already a payment which is universal and it is just waiting for the other countries to adopt bitcoin so they can start getting payment and also transferring money to the other country for debt payment and other type of payment which is an efficient way since the transfer will become faster than they expect.

Bitcoin is now there in almost every well developed country; it is really a fantastic thing about crypto currency to become famous in well developed countries, now almost in every country bitcoin is using, to be honest I think someday we are gona see bitcoin as universal currency, I am sure in near future bitcoin will replace regular currency of some countries.

[Clemcout]

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.

The only way the developing countries can compete and become develop, if they adopt the bitcoin technology. Many developed countries are opposing the bitcoins due to whatever reason, but the fact is that bitcoin is the future. So if they adopt it early, it can really be beneficial for them.

[mware]

when/if the crypto market accrues $1 trillion in value, the effects of any disruption in Bitcoin’s value won’t be restricted to the crypto market. Instead, it would affect the buyers and lenders of Bitcoin as well as the markets, businesses, and exchanges that deal in Bitcoin. As a result, the whole world might be affected. This, in turn, could lead to a disrupt economic stability if the people dealing in Bitcoin aren’t careful.

[TirexXS]

Bitcoin will help these countries to overcome their financial crisis and also help build a strong economy in those countries. In Central African countries such as Kenya, Zimbabwe etc. benefit from bitcoin through Bitpesa Wink, in a developing country like Africa, bitcoin is usually sold at a much higher price than usual. The reason is that electronic payments in those countries are exorbitant taxes, fees, and fees. This is a more deregulated method of electronic payments such as bitcoins in high cost demands and costs more quickly.

[BitcoinCommodor]

Bitcoin in developing countries is of great help ,because bitcoin truly can help a little not fully the economy of certain countries ,because the jobless people can join in bitcoin and work and may provide them with payments ,so they will have an income which it can sustain their daily needs.

Like many developed countries Germany also recognized the Bitcoin which is a good decision for the country and people. They realized that cryptocurrencies help us in many ways and finally after negotiations they realized to recognize the Bitcoin for the first time in country. This happened due to the other countries which showed progress with the Bitcoin which is encouragement for other countries.

[Invester]

You will not hear a lot of positive news about Bitcoin over the media, both print and broadcast. We all know that these industries are more or less in the hands of the powerful elite in the governments or from the banking sector. Perhaps the only media where you can hear unbiased assessments and reviews of the viability of bitcoin and its future is the social media. Well, in terms of economy, Bitcoin will hardly intrude the movements of the entire national economy.

[btctalk123]

Bitcoin is inflationary and there is no doubt about it but it can't disrupt the economy of any country because size of the economy of any country is much larger than the marketcap of Bitcoin. But it sure can make some movement in there.

I will be trying to teach my children to have a mentality of investor, rather than having a mentality of just good employee which is familiar in my country.

[reinielle26]

Well, I agree . Cryptocurrency is being introduced to the people. Although, there is an increase on the adaptation of people in crypto I believe there lots of negative reactions than the positive. People often hear crypto on the news and most of it are the negative outcomes like some investors were scammed etc. Maybe, thats the reason why there are lots of people who are aware of it but still doesnt want to invest or to adapt.

[Meowth05]

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?

Well, it has no direct impact I guess because it will just simply lessen the unemployment rate of that country that could might have an impact on the economy status of particular country. Besides, if it will be introduced world wide not only in one country the demand will goes up because some investors will tend to invest in this thing then this will attract more businessmen to have an affair with regards to bitcoin transaction.

[pankowri]

Yes,it will better for developing country to become established in technically and technology.Technology can change a country and we all know about this.The current world is also technology based system where we can find many things in technically.By the way,developing country can be developed by accepting Bitcoin and open technology based ICO.

[korkyqq]

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 only important thing is that the governments in developing countries don't want Bitcoin in their economy. They don't want something they can't control.
They will stick to the Fiat currency system because they wan't to control the money supply, the wealth distribution, and as it stands they are set to keep the countries developing, and never developed. This keeps the majority of the citizens poor and easy to manipulate by the politic elites.

[HasithaM]

Not by any means. First of all, if bitcoin overcompensates anything later on then I am almost certain that it will get prohibited totally from the substance of the earth. The reality of getting fiat supplanted with the digital money has long gone now in light of the fact that bitcoin is developing with extraordinary speed and that isn't being enjoyed by the administration itself. I am almost certain on the way that bitcoin will never under any circumstance convey the swelling to the national economy. Rather it could empty thinking about its exceptionally decentralized nature. It will require them such a great amount of investment to adjust.

[Freshmen]

Bitcoin in developing countries is of great help ,because bitcoin truly can help a little not fully the economy of certain countries ,because the jobless people can join in bitcoin and work and may provide them with payments ,so they will have an income which it can sustain their daily needs.

Of course it can. If we look at the Slow growth model for the output in the economy, if all the factors of the productions are fully employed, the technology is the only factor that can possibly rise the output of the economy like we had witnessed in the 1990s in American economy where the technological innovation sharply increased the output level of the economy. So it is worth recognizing.

[paparexon0414]

And we are one of them. Bitcoin is somehow become popular in people who wants something new in the world.of investments. But as you can see, it not really affecting the economy due maybe because only majority of the people who involves theirselves in bitcoin is those who have money. Most of the developing countries are more into physical work rather that teaching us on investments (which is not a priority among us)

[rohitkaira]

Bitcoin is still in initial phase of adoption and mainly popular in pockets of developed world due to its trade and pricing, In developing countries bitcoin is still new and not so much used or traded, due to high price and difficulties in trading or lack of trusted platforms for trade and utilization.

[ajaymukund]

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?

I think it could happen. Because the money earned from the Crypto market is quite easy and it is easy to lose a lot of money. So the volatility will increase the inflation. But I hope the situation will not be too bad. Everything is in control.