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Author Topic: bitcoin in developing countries  (Read 3100 times)
Blackamoh
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August 17, 2018, 05:41:47 PM
 #1021

Governments are worried that bitcoin will disrupt economic stability, there would be price manipulations which is true, and there would be a lot of scams which is also true. That'a why developing countries are conservative when it come to crypto.



I think there will be a transition between institutions as well. And I think bitcoin will not disrupt the economy because the transition from paper money to crypto will not be so fast and also while this transition will occur
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Portia12
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August 17, 2018, 06:49:37 PM
 #1022

At present, some developing countries can make BTC and payment of goods and services, which would be good for the economy. In short, the entire world market will accept BTC
Developing countries can take advantage on Bitcoin, but it will not be easy since Bitcoin's volatility is high, it can either raise the country's economic status or mess its economic status. I guess that's why some country don't fully accept Bitcoin, some of them even ban it, because they believe that it will ruin their economic status.

In my own opinion, bitcoins volatility is necessary in order to earn more profit because the price needs to change in order for people to be able to multiply their coins.

Michaelpascual
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August 18, 2018, 12:22:21 PM
 #1023

Bitcoin can really help to develop countries bitcoin can help them to overcome financial crisis poverty and bitcoin can help to develop the building enfrastructure. Bitclin can do a lot to develop countries
kniheant2
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August 18, 2018, 12:32:25 PM
 #1024

in my mind,no doubt Bitcoin will help the economy of every country specially the developing countries. Like if Bitcoin will reduce the unemployment rate then for sure the purchasing power of the masses will increase making the economy to become strong and stable. I think Bitcoin rather improves the economy of a country if only the governments and the people really understand the idea behind it.
Alifal
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August 19, 2018, 02:44:04 AM
 #1025

Bitcoin has a good response in many country. Bitcoin will help those country to overcome their financial crisis and also help to built a strong economic in those countries.
nayeel
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August 19, 2018, 02:49:31 AM
 #1026

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? Bitcoin has a good response in many country. Bitcoin will help those country to overcome their financial crisis and also help to built a strong economic in those countries.
Chooroz
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August 19, 2018, 01:33:51 PM
 #1027

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 is really getting popular and trending now that's why in the future we can also used bitcoin as currency and i believe that bitcoin is really helpful for all of those people who wants to have a good profit and bitcoin can really develop countries if a lot of people will invest on it.

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August 19, 2018, 01:53:38 PM
 #1028

 I m from Bangladesh. Bangladesh is developing country. In my country bitcoin first come in light through the reserve bank money theft. Then it comes in light strongly through Panama paper scandal. Where some of our people's name was here. After that I start researching on btc. And I come to know that btc is the strongest online currency. But in our country btc is not allowed neither transaction nor saving. It is illegal.

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August 19, 2018, 02:11:15 PM
 #1029

They are not as popular as developed countries, I think in the future most countries will accept cryptanalysis
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