Bitcoin isn't just an investment; it's becoming an exit door!

[CTO114]

When Bitcoin is spoken of, it is spoken from a perspective the perspective of a country with a stable currency and economy.

In reality when countries like Argentina and Nigeria are looked at, it can be deduced that Bitcoin has become more of a survival, not just a speculation.

In these economies, it isn't just an investment, it has become an exit door from the failing economies, fiscal policies and failing currencies.

My curiosity would be; would we see Global Bitcoin adoption from developed economies, or from struggling economies?

[The Cryptovator]

In these economies, it isn't just an investment, it has become an exit door from the failing economies, fiscal policies and failing currencies.

Bitcoin would be an exit door from a falling economy, but not instantly or over night. No doubt Bitcoin keeps playing a role in developing the economy, but there should be a strategy for a country on how and when they have to invest in Bitcoin. Let's say your country's economy is falling right now, and in this situation the government decides to invest in Bitcoin. If Bitcoin dumps hard, then how would Bitcoin be an exit door for a falling economy? That's why when your economy is stable, you have to make plans for reserve Bitcoin. So that could boost your economy in the near future.

My curiosity would be; would we see Global Bitcoin adoption from developed economies, or from struggling economies?

So far I have seen developed countries realise the potential of Bitcoin, and they are reserving it as well. But for developing countries, even they aren't allowing their citizens to use Bitcoin. It doesn't matter if your country is developed or developing; it depends on the government mentality regarding investing in Bitcoin. They have to realise Bitcoin would keep a major role in their economy. But don't expect Bitcoin to make a richer economy overnight. Everything should happen through a better strategy.

[SmartGold01]

I don't really think bitcoin is for only developed country or undeveloped country, and as a matter of facts we have seen bitcoin going global and everyone is talking about bitcoin, and for sure those who knows what they are doing could likely venture into bitcoin (BSRF) in order to boost their economy, and even those country that has a good economy are even venturing into investment, so tell my why the undeveloped economy wouldn't venture into in to save their dying economy. I do not know why is Nigeria is yet to join the league, as this could be a saving ass to the dying economy.

[Japinat]

When we talk about bitcoin's global adoption, that goes for the whole universe, regardless if such country is developed or not. It means if majority of the countries will agree on it, then bitcoin will not just be functional as an investment but this time it could be more of a currency that will be freely used by the people all throughout the whole world.

Now on bitcoin as an exit door, maybe that is true for those who really take the risk and believe on the potentials of bitcoin. Bitcoin may not make us easily get rich, but with vast opportunities it offers, if we never stop working on our bitcoin portfolio, we will definitely get rich in the process.

[Faisal2202]

My curiosity would be; would we see Global Bitcoin adoption from developed economies, or from struggling economies?

I don't think it was a good idea to add Argentina and Nigeria in the same category but I understand your point here, and it is true that bitcoin has provided us a way to make money, send money, receive money without any strict policies and hard work. We own the funds and of course with the risk involved but we know that as we agreed.

Many countries have bad economies, some have good, but it is being used by all, mostly it was adopted first by the tier 1 counries because they like to gamble their money, I don't mean literal gambling it was an expression that they have resources to earn more, and they can take the risk so rich people took the risk and some poor as well because back in the day it was taken as a way to earn online money it was the Pi token (for mobile users) back then (for desktop users). Even my father said he knew about btc in 2011 and did something to earn it but later dropped the idea why? Of course they had no idea what it is and what it is going to make them in future otherwise who would have left it.

[Jubilee58]

When Bitcoin is spoken of, it is spoken from a perspective the perspective of a country with a stable currency and economy.

In reality when countries like Argentina and Nigeria are looked at, it can be deduced that Bitcoin has become more of a survival, not just a speculation.

In these economies, it isn't just an investment, it has become an exit door from the failing economies, fiscal policies and failing currencies.

My curiosity would be; would we see Global Bitcoin adoption from developed economies, or from struggling economies?

Bitcoin plays a crutial role when it comes to economic stabilization. Our fiat currency is not reliable, because it is being controlled by central bank and federal government, and their decisions on monitary policies and regulations affects the fiat currency. Bitcoin is not controlled by the federal government or any individual, it is decentralized and everyone is in charge of his or her own bitcoin investment. Truly bitcoin is a way out when it come to gaining financial stability.

While bitcoin is seen as an asset for investment, bitcoin has also given us some financial freedom when it comes to managing our wealth and investment. Unlike bank that only operates during the week, bitcoin transactions takes place any day and any time. Emergency can take place anytime and is only bitcoin that can handle such emergency since it is 24/7  available.

More also, bitcoin is an hedge against inflation, it restores a falling economy and capable of increasing a country's capital base on the long run. Today we can see countries, companies and individuals investing in bitcoin, all these are as a result of bitcoin progressive growth and potentials. Because of Bitcoin reliability and performance, many institutions and countries are adopting bitcoin, some countries have even adopted bitcoin as a legal tender. While this motion of bitcoin adoption is still progressive, time will come when it will be generally accepted world wide.

[SilverCryptoBullet]

Bitcoin would be an exit door from a falling economy, but not instantly or over night. No doubt Bitcoin keeps playing a role in developing the economy, but there should be a strategy for a country on how and when they have to invest in Bitcoin. Let's say your country's economy is falling right now, and in this situation the government decides to invest in Bitcoin. If Bitcoin dumps hard, then how would Bitcoin be an exit door for a falling economy? That's why when your economy is stable, you have to make plans for reserve Bitcoin. So that could boost your economy in the near future.

Fiat currencies in all countries are very bad by their high inflation, non-stop money printing from governments with time, and their similar decreases of purchasing power. People actually know it but they don't know what to do for saving their money against inflation and its consequences. Gold, silver, Bitcoin, and some other assets are good but Bitcoin is an emerging asset in this generation since 2009.

People can know about Bitcoin but they still hesitate to invest money in Bitcoin by either lack of knowledge, belief or both. Who can learn about Bitcoin, take action, are early comers in this market and Bitcoin party. They are winners in this market with conditions like not only buying bitcoin, but also holding it rightly, don't trade, don't leverage, they will be richer.

In history of Bitcoin market, most holding days are profitable ones.
https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/

[Maus0728]

I think that is the very point of an investment, it is supposed to be your exit door towards your retirement right? I think that is how it has been for a long time.  I do get your point though, that it can be an exit for you especially when you are from an impoverished country but I think that country status wise, it should never matter what happens to bitcoin, if it grows to because of developed countries then so be it, they have the money and they see that it is a good investment for their country and if it grows because struggling countries then good for them because that is one way to supplement the increase in their economy and the vitality of their currency. Bitcoin has a different effect depending on the economy if you ask me, as I have mentioned earlier, those thar are already developed will only get more benefits and those that have a problematic economy will see improvement and growth with bitcoin.

[Z-tight]

In these economies, it isn't just an investment, it has become an exit door from the failing economies, fiscal policies and failing currencies.

If an economy is suffering from inflation or hyperinflation, with so many people impoverished and a low standard of living spread across the country, do you actually believe that their citizens are going to have any interest buying BTC or investing in anything. I mean, their only concern would be basic needs, like shelter and food.

People create topics like this, but i wonder if they forget that to own BTC, you need to have money to buy it. Or maybe have a skill you can offer and the recipients would pay you in BTC. On that note, you can understand how the BTC dream isn't so feasible for the poor and people in similar situations.

[Spaceman1000$]

When Bitcoin is spoken of, it is spoken from a perspective the perspective of a country with a stable currency and economy.

In reality when countries like Argentina and Nigeria are looked at, it can be deduced that Bitcoin has become more of a survival, not just a speculation.

In these economies, it isn't just an investment, it has become an exit door from the failing economies, fiscal policies and failing currencies.

My curiosity would be; would we see Global Bitcoin adoption from developed economies, or from struggling economies?

The way bitcoin is designed, is designed to carry everybody along, whether your from a struggling economy or from a country that has stability in their economy. For a struggling economy, those that are investing in Bitcoin tends to be looked as people that are looking for exit points on how they could get some stability in their finances, sometimes this is basically looked upon because of their geographical location, however bitcoin serve the same purpose for A-List countries and even for  third world countries.

[348Judah]

My curiosity would be; would we see Global Bitcoin adoption from developed economies, or from struggling economies?

The adoption for the use of bitcoin is an individual decision, which any person or country may choose to whether they are adopting it or not, base on their discretion, this is a voluntary decision in which anyone could made or go for, if we choose to use bitcoin, then its for our own good and benefits, same applies to any country in making their decision, because the essence of bitcoin is to serve as an alternative, for anyone that thinks of the need in operating under a decentralized financial economy and network.

[Marvelockg]

My curiosity would be; would we see Global Bitcoin adoption from developed economies, or from struggling economies?

The question also comes, how much of an impact does developing countries like Nigeria has on bitcoin to the point that it can influence bitcoin greatly if bitcoin eventually gets adoption or experiences a large scale adoption? For those that are part of the developing countries, bitcoin is a source of financial development for them expecially the ones that are doing one gig or the other that's bitcoin related.

If not that individual from developing nations that are not well positioned financially sees anything and everything as a source of immediate financial gratification, there's no difference between an investor from Nigeria and one that's of the Western descent.

[aoluain]

I live in one of if not the wealthiest countries in the world, but I would have
been in the middle class group of people,vas we call it "The squeezed middle".
Its the group which generates the wealth if you like but its also the group
which has to pay for all of the government spending.

Saving FIAT in a bank is a pure waste of time, converting that to Bitcoin is
by far the smartest move. So Bitcoin can be an exit for everyone, and that exit
can be because of any number of reasons.

[Floxynice]

When Bitcoin is spoken of, it is spoken from a perspective the perspective of a country with a stable currency and economy.

In reality when countries like Argentina and Nigeria are looked at, it can be deduced that Bitcoin has become more of a survival, not just a speculation.

In these economies, it isn't just an investment, it has become an exit door from the failing economies, fiscal policies and failing currencies.

My curiosity would be; would we see Global Bitcoin adoption from developed economies, or from struggling economies?

This is the kind of stories newbies hear or read online and begin to assume that bitcoin is the only solution to the economic problems of their country.  No one, especially from Nigeria which I am also from should expect an instant change in their financial status as soon as they start trading or investing in bitcoin. There is a clear difference between earning in bitcoins through some freelancing gigs or any other means and actually investment in bitcoin. To invest in bitcoin, they'll have to raise the capital to buy bitcoins and also have a secured job to help them if they are adopting the DCA method of investing. It will take years (depending on the amount of capital invested) to really take yourself out of poverty. While at it, you should have other sources of income.

[Fivestar4everMVP]

My curiosity would be; would we see Global Bitcoin adoption from developed economies, or from struggling economies?

The goal is for every type of economy around the world to adopt bitcoin, what could be nicer than this?
When struggling economies embrace bitcoin, it's to their advantage right? Yeah, possibly there is nothing that can lose since bitcoin is the newest asset being termed as the digital gold.

When developed economy chooses to invest in bitcoin as well, they too have nothing to lose as well as their bitcoin investment could help better the economy even more..

A rich/wealthy man never stops investing because he already has more than enough money, he keep looking for new opportunities to invest in to keep making even more money.

[Catenaccio]

The question also comes, how much of an impact does developing countries like Nigeria has on bitcoin to the point that it can influence bitcoin greatly if bitcoin eventually gets adoption or experiences a large scale adoption? For those that are part of the developing countries, bitcoin is a source of financial development for them expecially the ones that are doing one gig or the other that's bitcoin related.

Governments all don't like things as Bitcoin and cryptocurrencies because they know that cryptography and decentralization are threats to their centralization and governance but they all know that they can not stay against human revolution and in 15 years, it's blockchain and cryptocurrency, so they have to be adaptive with this revolution.

They began to adapt more with time, no longer ban Bitcoin and cryptocurrency, no longer call these things as scam, but they are designing and passing new laws, regulations on this industry. It at the end will serve main purposes of bringing more money to governments and their cumbersome machines.

People as citizens can use Bitcoin and cryptocurrency even governments prohibit these things, but even government allow these things, citizens must know about privacy in order to get better privacy.

[Frankolala]

Bitcoin is a good store of value overtime which makes it good for both developed and undeveloped countries. This is why you see that the smart government are setting up a bitcoin reserve for the future benefits of the economy. The country that needs to focus on having a bitcoin reserve is the countries with poor economy because it will be a big boost to the economy in future.

[hd49728]

Bitcoin is a good store of value overtime which makes it good for both developed and undeveloped countries. This is why you see that the smart government are setting up a bitcoin reserve for the future benefits of the economy. The country that needs to focus on having a bitcoin reserve is the countries with poor economy because it will be a big boost to the economy in future.

Bitcoin still has high volatility that is both good and bad. Good because it can help your portfolio value increases considerably while it's bad because if you don't hold bitcoins well, long time enough, you will have loss, even big loss.

These possible opposite results of Bitcoin make many people fearful about Bitcoin, and they have yet considered Bitcoin as a good store of value like gold. It will be changed with time when with more Bitcoin halvings, Bitcoin supply curve will come to more flatter curve area, and with more money from institutional investors, even nations, Bitcoin will have more huge demand.

All these coming positive changes will make Bitcoin becomes more likely a good store of value. The bullish case for Bitcoin is a long reading resource, but you can find interesting insights with comparison between gold and Bitcoin there.

[yudi09]

The countries you mentioned are becoming increasingly aware of Bitcoin's potential as a currency system, and they have started to store it, although not as a result of purchases like in the United States, which is said to be the result of confiscation.
I don't know exactly how it works, but with the speed of information available, there are also those who prohibit it altogether. But like my country, we can use Bitcoin, but not as a legal tender like fiat currency.
Recently, my government has also not closed the door to Gen Z learning about cryptocurrencies and blockchain. I believe that the Bitcoin system, when implemented, can improve the economic system, but it is not an easy matter.

[Lida93]

My curiosity would be; would we see Global Bitcoin adoption from developed economies, or from struggling economies?

I think the exit door works perfectly for individual adoption in those countries than anything else of a hope that those countries even with their failing economies would adopt bitcoin as a working financial asset to buck up their economy through strategic reserve. Rich or poor countries, any country can take advantage of bitcoin but for the poor countries it's unfortunate they can't make these decisions without external influence and attacks from the IMF and WB who uses financial aids and loans to condition these poor countries from independently making and taking certain economic policy actions.