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xBDT Script

How wealthy your country in term of crypto assest?

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I think we will lag behind in this topic. My country still did not accept it.  so it is illegal. But i can see much movements in native crypto group but they do all the things in anonymously because of our law..

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In my country, 40 to 50 per cent of the population in India knows about cryptocurrencies and 20 to 25 per cent are daily traders, so I think cryptocurrency will be the only currency of transactions after India.  However, I think it is quite impossible to replace Fiat currency with cryptocurrency. My idea is that cryptocurrency will become more popular in India.

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Yes there are some countries that are wealthy in the crypto but some are not wealthy in the country because crypto riches country Philippines and India and other Asian country not. If they want rich they allow crypto.

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I have not yet been able to look at that and that is a little bit difficult for me to quantify but I think there is something that can come out of it and in the end everything will just stand out there is a lot to which we are able to see and think of there is a light to it and most of the time its going to work perfect for everybody there is a lot to which we need to think and rethink its important we do that.

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I don't know if there is some way to count this. It can be that many rich people have invested and own many crypto assets. We don't know this and they wouldn't say. Also we don't have any statistics by anyone that give to us even an estimate of how crypto is allocated between countries.

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From what I have seen my country is not very progressive yet but there are only some people that own crypto. It is better in countries like Russia, Usa and China where many hold crypto not worried about bans and keep using them.

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There are countries that have a lot of adoption and mine is one of them, although I feel that it is not used as much as I would have wanted. We have to keep discussing and promote crypto to everyone and those that won't listen when started they will listen later when they see what we mean.

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On 10/31/2019 at 3:02 PM, xBDT Script said:

There are some countries where cryptocurrency is banned. They are barely holding any cryptocurrency.

Maybe these countries that banned did it as they didn't want their citizens to hold any crypto at all, but I don't think that China or the rest did not have a plan to have a big stack of cryptocurrency in secret wallets. It wouldn't be wise to miss on something that can be massive. In fact I believe that any govenrment should be buying a lot of Bitcoin and perhaps consider other cryptocurrencies that have features that can be useful like Monero.

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On 10/31/2019 at 8:02 PM, xBDT Script said:

WaMhP3h.jpg

 

Imagine after one or two decades we may see Fiat currency will not be existed in the world or let's say after 50 to 100 years from now - it really does not matter. The only currency will be cryptocurrency.


If it happens, how much healthy your country economy will be?


There are some countries where cryptocurrency is banned. They are barely holding any cryptocurrency. Among 21 million BTC, this countries may not get even a tiny amount since still they have banned it. Any chance that they will face huge crisis at that time?


Please share your opinion, don't tell that fiat will not be replaced by cryptocurrency. It's just imagination, what if?

In my opinion, if fiat is not used again in the next 100 years, there will be many countries experiencing a major economic crisis. In my opinion, if that happens then no country will be able to get through the crisis. The only way to be able to recover the economy is to trade using gold and cryptocurrency.

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We can safely record the value of Bitcoin inside nations only by official records that come from regulated financial institutions. So we don't have enough data but probably most nations don't own too much in valuable cryptocurrencies except by looking at data from grayscale.

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Our country wasn't very open with cryptocurrencies and there are a lot of misconceptions about it. So, if time may come that fiat currency will cease then it will be the freatest downfall of our country where hunger, poverty and crimes will reach to its limit. Well, I guess the government will surely do everything to cope up with these changes though; and I am hoping that our country has a great leader by that time. 

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On 10/31/2019 at 3:02 PM, xBDT Script said:

Please share your opinion, don't tell that fiat will not be replaced by cryptocurrency. It's just imagination, what if?

We are not able to know if this is happens in the future, the fiat is bad money that lose the price after time. I am not have to use my imagination to know what is best for our money and where to have them and this is not a bank that means lose money.

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In my country the crypto is ban from stare bank where banks are not allowed to deal in crypto. But their are news of politions who have send their money through crypto and looted a lot .Their accounts are now in tracking by agencies and its in millions. Which is very bad for country future. My country is enrich in crypto through illegal manner. 

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I do not have statistical evidence of my countries crypto wealth but I can say that we are definitely within the first 25 countries that cryptocurrency have lifted economically 

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The wealthiest countries are as expected more wealthy in crypto. The top are USA, Japan, China and more follow with lately Russia having a big interest. But we don't know exactly because the Bitcoin are not stored in banks or regulated services or accounts that count in the national balance of a country. Except in america where they do and I think in Japan too with some investment funds.

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@kryptonick yes I agree with you those are the most popular country that have adopted the use of cryptocurrency while other corrupt country are wishing that the cryptocurrency not to take over clinging to the fiat money in which they have hurds to their fat pocket. In time fiat money will be rendered useless by cryptocurrency am sure of that

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It's quite legitimate and reliable in my country. But people lack in confidence as the bitcoin is not like fiat money which is fully accessible. I think the coming future is going to make it more effective and running in the financial market.

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Its an ordinary but they court order it for the reason that of approximately funds laundering and its correct near are subsequently a lot of peoples will employment it for cash laundering and they drive BTC and other crypto currencies to a different countries to forward the capital certainly and safe and sound.

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My country is not bold in crypto assets, but there are some that have engage in cryptoworld and they are doing good and having good income. We hope to have better in the future time to  come. 

My country is not bold in crypto assets, but there are some that have engage in cryptoworld and they are doing good and having good income. We hope to have better in the future time to  come. 

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I don't know how you can measure crypto wealth by country terms. I don't know who owns and who doesn't as there isn't data available for this, except what is coming from some exchanges, but it doesn't mean anything. Countries are not crypto wealthy as you can't know how much people in each country hold.

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My country not totally accepted cryptocurrency but there are some people who making a money through it while others have no idea about it but I think someday cryptocurrency will be develop and discover by the other people in my country. 

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On 10/31/2019 at 2:02 PM, xBDT Script said:

WaMhP3h.jpg

 

Imagine after one or two decades we may see Fiat currency will not be existed in the world or let's say after 50 to 100 years from now - it really does not matter. The only currency will be cryptocurrency.


If it happens, how much healthy your country economy will be?


There are some countries where cryptocurrency is banned. They are barely holding any cryptocurrency. Among 21 million BTC, this countries may not get even a tiny amount since still they have banned it. Any chance that they will face huge crisis at that time?


Please share your opinion, don't tell that fiat will not be replaced by cryptocurrency. It's just imagination, what if?

I am highly optimistic crypto currency will dominate the world  but this could be by next two decade or even 100 years .

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My friend in Syria, there is not a large percentage of the world that works or owns cryptocurrencies. Even the country as a whole does not deal in cryptocurrencies, so the popularity of cryptocurrencies in my country is very little, unfortunately, but there are many people who work in cryptocurrencies and it has good popularity among young people in my country Thank you

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5 hours ago, Dark_Sky said:

My country not totally accepted cryptocurrency but there are some people who making a money through it while others have no idea about it but I think someday cryptocurrency will be develop and discover by the other people in my country. 

Yes @Dark_Sky a lot of countries haven't adopt the use of cryptocurrency because they are still not convinced about the scope and the directions of these currency if they have come to stay. These governments don't want to put the assets of its citizens at risk. I think that's why many are not in the mood to adopt it fully @Husnyjaf

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I believe that it would not be affected but, for the government, it would not suit them, since they could not know how much money you are generating and therefore they would not know how much taxes they should charge you per year.

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