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Author Topic: Is it good or bad to invest Bitcoin in developing countries?  (Read 9765 times)

Offline Anthony Estiva

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Is it good or bad to invest Bitcoin in developing countries?
« on: November 07, 2020, 08:42:30 AM »
I just wanna know if it's wise if I will invest bitcoin in different developing countries such as Philippines and ny more. If you do have a answer, please state your thoughts and share it here. Thank you!

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Is it good or bad to invest Bitcoin in developing countries?
« on: November 07, 2020, 08:42:30 AM »

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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #1 on: November 08, 2020, 07:49:50 AM »
I wait little bit because btc will fall to 12500$ and the but it for 2021 end.
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Offline gODZILA72

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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #2 on: November 08, 2020, 10:45:54 PM »
It is always profitable to invest in developing countries, but the risks are slightly higher! I think it is worthwhile to analyze a specific investment object well and consider everything from different angles in order to maximize the security of assets and increase the chances of success, I like such ideas, but they have a big risk!
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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #3 on: November 08, 2020, 10:53:10 PM »
What is the correlation between Bitcoin investment and developing countries? I don't see a correlation between them, you can invest in Bitcoin everywhere. The government won't control it and regulate the investment in Bitcoin. Well, just invest in Bitcoin if you think you can and really has a big intention on it. Once you know how to invest correctly in Bitcoin, you will know how good it is.
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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #4 on: November 09, 2020, 09:40:55 PM »
I don't see any problem to invest bitcoin in developing country or any other counties. It is not the fact. The fact is that can you invest and withdraw your money? If it is ok then no problem you can invest.

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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #5 on: November 09, 2020, 10:10:38 PM »
In my opinion BTC is the future of money and investing in it is wise in any country. However, we also need to pay attention to the legal status of investing, mining, owning, trading and making profits from BTC in that country, because the development of a country does not mean the its openness towards crypto. BTC is an investment for the future, not to book a place in prison :)
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Offline gotbounty

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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #6 on: November 09, 2020, 11:02:38 PM »
Are you from Philippines? I think it is no problem to invest in Bitcoin or other crypto coins there. You can buy and invest in Bitcoin as much as you can. The rules of Bitcoin or crypto investment in Philippines may be a bit the same as in my country, Indonesia. Bitcoin is only not to be used for payment tools in my country. I don't know how in Philippines.
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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #6 on: November 09, 2020, 11:02:38 PM »


Offline sampoerna

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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #7 on: November 09, 2020, 11:22:25 PM »
Why not? I also live in a developing country. Here, I focus on the crypto work, not having a job in real life. Being a bounty hunter and also a trader. It is very possible to do that in every country. Especially for the country that needs a special moment for them. Additionally, we can also see how the regulation of the crypto itself. Everybody has their own chance to be more and more successful.

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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #8 on: November 10, 2020, 05:01:26 AM »

As an investment vehicle, Bitcoin has proven to be a runaway leader on this aspect beating all other choices like stocks, gold, commodities and forex. However, right now, I think it is not good to enter it unless of course you are planning to trade it every day. When the value of a digital asset is pumping, there can be some risks of it doing some sudden retracement, and we don't know for sure when that can happen. You should have made an entrance when Bitcoin was just hovering in the $10-11K vicinity that would have been a profitable move. Anyway, it is your money so it is your call.

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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #9 on: November 10, 2020, 05:59:28 AM »
I just wanna know if it's wise if I will invest bitcoin in different developing countries such as Philippines and ny more. If you do have a answer, please state your thoughts and share it here. Thank you!

I think If the internet connection is good at there, It is not problem mate. it is really good to invest bitcoin in developing countries. They can learn about digital currency and addopt block chain technology. Because In my opinion, digital era will come soon.

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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #10 on: November 10, 2020, 06:40:00 AM »
In my opinion, regardless of the shape of the country, both developed and developing countries, all have the same opportunity to invest in bitcoin. There is nothing wrong, if you have enough capital, then it is okay to invest in bitcoin.
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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #11 on: November 10, 2020, 07:30:13 AM »
It is possible to invest in Bitcoin from all over the world. If you want to invest in bitcoin, you can do it from all over the world. All countries of the world are open to invest from exchanges. However, users of all countries are not allowed to trade on some exchanges. However, bitcoin transactions are worldwide. I think there are no barriers to investing. Anyone can invest in bitcoin.

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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #12 on: November 10, 2020, 07:48:25 AM »
I think it's good. Because this is a developing country, we need investments that yield quickly so that our lives are also better. And bitcoin is the right choice.
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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #13 on: November 10, 2020, 03:00:54 PM »
I think it's good. Because this is a developing country, we need investments that yield quickly so that our lives are also better. And bitcoin is the right choice.

Yes, I agree with you, in developing countries have needed Investment.  Not only Investment mate, I think in developing countries also need  technology. They can addopt block chain technology for their companies and transactions.

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Re: Is it good or bad to invest Bitcoin in developing countries?
« Reply #14 on: November 11, 2020, 03:44:16 AM »
Why not? I also live in a developing country. Here, I focus on the crypto work, not having a job in real life. Being a bounty hunter and also a trader. It is very possible to do that in every country. Especially for the country that needs a special moment for them. Additionally, we can also see how the regulation of the crypto itself. Everybody has their own chance to be more and more successful.

I see many people at this forum also do that.  But I personally have real job, Crypto currency is another job. I have join bounty campaign and do trading . I really enjoyed this. I agree I think It is good to Invest bitcoin and other  at developing countries.
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