Post
Topic
Board Bitcoin Discussion
Re: Can bitcoin penetrate the market of developing countries soonest?
by
CryptoBry
on 14/12/2018, 04:06:26 UTC


Bitcoin has been hailed as a revolution in the past many years but one thing that is stifling this revolution is the lack of massive adoption by the people. Well, we have to remember that in the global marketplace it is going to be the users that can determine the life or death of anything. When there is a big demand for anything, you can be sure that the price can increase otherwise things will be going south. As of now, there remains the very slow progress on the adoption of Bitcoin especially in third-world countries and it can be because the right infrastructure is still not there and the fact that it can be taking time for Bitcoin to penetrate as there is no massive investment on advertising here unlike many multi-national companies which got money to burn on telling people on the beauty and advantages of their products or services...relying on the power of mouth can only do much for Bitcoin. Plus the fact that there remains the stigma attached to Bitcoin due to many scams that utilized Bitcoin as their mode of payment so there are many people who are afraid of Bitcoin (this is of course aside from its sordid volatility).