bitcoin in developing countries

[Kayla]

I'm sure bitcoin can help everyone, especially in developing countries. With bitcoin, the citizens can earn income, even bitcoin can provide jobs for unemployment in the country. This is not necessarily the state can provide jobs for all unemployed. Thus per capita income in the country increases, so the state economy increases. The biggest problem of inflation is due to too much money in the country, not because of bitcoin. If only the state was not concerned only with the negative effects of bitcoin, the nations should also think about the positive effects of bitcoin.

[bennypagulayan]

I think the existence of bitcoin is actually very positive impact on one's life so that the government has an important role to give them a sense of comfort when they want to invest and life can prosper in the future.

More and more developing countries see Bitcoin and cryptocurrency as a great opportunity to change their economies as they apply the advantages of Blockchain technology and cryptocurrency in their management and trading. This is a very accurate direction for developing countries, Africa is emerging as a very strong development area of ​​the cryptocurrency market and there are many large exchanges moving to Africa.

[Sled]

I think the existence of bitcoin is actually very positive impact on one's life so that the government has an important role to give them a sense of comfort when they want to invest and life can prosper in the future.

More and more developing countries see Bitcoin and cryptocurrency as a great opportunity to change their economies as they apply the advantages of Blockchain technology and cryptocurrency in their management and trading. This is a very accurate direction for developing countries, Africa is emerging as a very strong development area of ​​the cryptocurrency market and there are many large exchanges moving to Africa.

Bitcoin and the blockchain technology is such a huge help for the countries like Africa and also for the other small countries because they can boost their progress or development because of the technology that bitcoin has. How much more for the developing countries? It will become a larger boost because they have the stability.

[Lorin]

Bitcoin can help people in a society, its a pisitve way to help , in that way even if the government   cannot help them this is the way to earn for their self and family. Its an opportunity for them to  know bitcoun and adopt it,

[cruz06]

Cryptocurrencies like bitcoin is a big help for the country especially when it is developing. Bitcoin makes people lives better. It makes people richer. The government must legalize cryptocurrencies so that it will help develop the country.

[WanguiWudong]

For example, in China, bitcoin was banned by government and not supported by the public.

[BitcoinMarketer39]

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?

Bitcoins is really good for developing a country because  the amount of profit for cryptocurrency is very high and that is the reason why japan is legalizing bitcoins in their own country.

[erikoy]

There is no relevance with the use of bitcoin in those developing countries on their economic. Though we consider developing country as poor country but it doesnt mean that the investment on the people with bitcoin during the inflation rate will affect on the economy. The economy of the country will determine on how success and production or the growth of that country still depend on agriculture and industrial factor and not with bitcoin.

[Ladyechy]

I see in my country already many who developed the world of cryptocurrency and I also see many countries that have started to develop digital currency and created many new cryptocurrency from various countries. But the government in my country is less amenable if bitcoin enters my country, because they think bitcoin will hinder the state finances.

[Henry Sy]

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?

Be straightforward with yourself. Bitcoin won't be utilized by individuals in creating nations in a way that will advance their lives by creating apparatuses for it. Its the way it has dependably been. All they will do with it is purchase and hold as a investment, which they ought to in light of the fact that the cost may go higher. Be that as it may, it won't upset financial steadiness on the off chance that it is being utilized that way.

[shreya.jeloka]

In fact, when a country has an inflation or financial crisis, the people begin to move from the currency that used to bitcoin, an example in Yunani and Venezuela a few years ago.

[Chetan04]

Advantages
Safety from corrupt governments and central banks
Deflationary
Bank the unbanked i.e no need for bank accounts with lots of paperwork
Works with even the modest internet connections as opposed bank apps that need 4G and powerful smartphones
Works 24/7
Low transaction fees

Disadvantages
Need to be tech savvy. Bitcoin addresses can be quite intimidating.
Need at least a moderately powerful smartphone and basic internet connection.
Highly volatile
Small transactions couldn’t be worth the high miner-fees for faster transactions i.e transaction backlogs

[yurekaa]

yes, it can happen. because investors can switch and withdraw their capital which has been invested in the project or bank in the country. so that the country will experience a decline in investment that will disrupt economic stability. and the government must seek foreign capital or investors to stabilize the economy.

[marcous]

Actually, if you see positive things about bitcoin, of course, Bitcoin helps the economy of society. And it has been proven that many societies are changing financially. the only thing negative it is money laundering or illegal things. but until now in my country, the government has begun to open their eyes to learn bitcoin and blockchain technology.

[Sarastiche]

Most developing country have not enact a law against or for Bitcoin,  as they do not have detailed knowledge on how it work, most do advice there citizen to avoid transacting or dealing with Bitcoin, as it is not a recognize currency in there countries.Bitcoin has an effect on the economy reason why governmental globally want to have a stack in the flow of BTC transaction.

[Boh manok]

Maybe bitcoin in developing countries will be more difficult to accept because most people in developing countries are still less aware of digital assets and again they are still afraid of the existence of digital currency due to a lot of provocation from some people

[Veronika94]

Bitcoin only helps to develop the economy, makes up the competition for ordinary currency and I think this is correct.

[Btcschool]

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.

This fact is not really understood by the governments easily and they think that Bitcoin is a threat to their control on economy, which is not true. The reason for them to say this is because of lack of knowledge and understanding the benefits which bitcoin  can bring.

[efxtrader]

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?

Bitcoins is really good for developing a country because  the amount of profit for cryptocurrency is very high and that is the reason why japan is legalizing bitcoins in their own country.

Indeed, in developing country like my country, peoples start knowing about cryptocurrency bussiness or bitcoin. They want to earn extra money by investing their money on this market. Peoples know that cryptocurrency growing very fast and can give big gain in short time. But sometimes peoples not aware on the risk, sometimes they dont know that cryptocurrency is long term investment

[BryanRoseWalker]

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.

This fact is not really understood by the governments easily and they think that Bitcoin is a threat to their control on economy, which is not true. The reason for them to say this is because of lack of knowledge and understanding the benefits which bitcoin  can bring.

I am very lucky because my country already has an official blockchain association, they are actively connected to the government and signify my country's full appreciation despite not being able to make official regulations, about fear of corruption and many other negative things, bitcoin like fiat, if controlled by strict rules then it will be positive for the related country.