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Author Topic: Why bitcoins illegal ????  (Read 13054 times)
seven4smoke
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February 16, 2017, 06:38:25 PM
 #221

If bitcoin will begin to displace other currencies, this will not lead to good. All will try to look for ways to control the bitcoin or users will pursue under the law that already exists in some countries.
Bitcoin will never be able to displace the generally accepted currency in the world. Now look at the distribution of bitcoin. It is insignificant even among people who spend a lot of time in the network.

Never say "never". Because you don't know what holds out in the future.

Also, you can't say that the Bitcoin user-base is insignificant. We are more than one million, and growing steadily (after a brief period of stagnation). Some of the fiat currencies don't have that many users.
To ensure that the currency had some perspective should be her turn. How much you can earn bitcoins? To change dollars into bitcoins, why? The same can be purchased without the extra exchange.
Of course, you can buy all of bitcoin, but the only question is where? Not so well developed business in order to offer products for bitcoin. Besides cryptocurrency not everywhere it has a legal status.
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varyspro
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February 16, 2017, 06:53:12 PM
 #222

If bitcoin will begin to displace other currencies, this will not lead to good. All will try to look for ways to control the bitcoin or users will pursue under the law that already exists in some countries.
Bitcoin will never be able to displace the generally accepted currency in the world. Now look at the distribution of bitcoin. It is insignificant even among people who spend a lot of time in the network.

Never say "never". Because you don't know what holds out in the future.

Also, you can't say that the Bitcoin user-base is insignificant. We are more than one million, and growing steadily (after a brief period of stagnation). Some of the fiat currencies don't have that many users.
To ensure that the currency had some perspective should be her turn. How much you can earn bitcoins? To change dollars into bitcoins, why? The same can be purchased without the extra exchange.
Of course, you can buy all of bitcoin, but the only question is where? Not so well developed business in order to offer products for bitcoin. Besides cryptocurrency not everywhere it has a legal status.
To speak now about the future of bitcoin too soon. At the moment I can say that in this scenario bitcoin have any prospects that I can see. Especially that question of cash circulation of bitcoin is not even discussed.
Spirit2016
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February 16, 2017, 07:18:30 PM
 #223

If bitcoin will begin to displace other currencies, this will not lead to good. All will try to look for ways to control the bitcoin or users will pursue under the law that already exists in some countries.
Bitcoin will never be able to displace the generally accepted currency in the world. Now look at the distribution of bitcoin. It is insignificant even among people who spend a lot of time in the network.

Never say "never". Because you don't know what holds out in the future.

Also, you can't say that the Bitcoin user-base is insignificant. We are more than one million, and growing steadily (after a brief period of stagnation). Some of the fiat currencies don't have that many users.
To ensure that the currency had some perspective should be her turn. How much you can earn bitcoins? To change dollars into bitcoins, why? The same can be purchased without the extra exchange.
Of course, you can buy all of bitcoin, but the only question is where? Not so well developed business in order to offer products for bitcoin. Besides cryptocurrency not everywhere it has a legal status.
To speak now about the future of bitcoin too soon. At the moment I can say that in this scenario bitcoin have any prospects that I can see. Especially that question of cash circulation of bitcoin is not even discussed.
bitcoin future is quite promising. I think that the price for today although it has not a stable performance, but still its level does not drop to the critical.
wizmo
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February 16, 2017, 07:21:09 PM
 #224

Bitcoin itself isn't illegal but how you use it that matters the most.
TicTacTic
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February 16, 2017, 07:26:04 PM
 #225

Bitcoin itself isn't illegal but how you use it that matters the most.
Some countries have already taken measures for possible blocking of cryptocurrency. Until we see an active struggle with this phenomenon but this is for the reason that the speed of cryptocurrency is very small and does not pose a threat to the economy.
cramcram21
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February 16, 2017, 07:34:41 PM
 #226

Bitcoin can be use in black market you can use it to pay anything you want online,
And it is hard to trace and also it has no tax so many country is really against it.

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wizmo
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February 16, 2017, 07:40:33 PM
 #227

Bitcoin can be use in black market you can use it to pay anything you want online,
And it is hard to trace and also it has no tax so many country is really against it.

Yes many country will always be against it but for looking at bitcoins it looks like people will continue using it for many years.
tracktorr
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February 16, 2017, 07:47:14 PM
 #228

Bitcoin can be use in black market you can use it to pay anything you want online,
And it is hard to trace and also it has no tax so many country is really against it.

Yes many country will always be against it but for looking at bitcoins it looks like people will continue using it for many years.
Possibly will but it depends on how is the demand for bitcoins. Who can predict what the rate of bitcoin will be in a year? And the demand for it. Tell me what you can buy with bitcoin what not to buy for the dollars? Besides, I don't know people who have a lot of them.
mikecgna
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February 16, 2017, 07:49:28 PM
 #229

Bitcoin can be use in black market you can use it to pay anything you want online,
And it is hard to trace and also it has no tax so many country is really against it.

Yes many country will always be against it but for looking at bitcoins it looks like people will continue using it for many years.
Bitcoin can actually exist for many years, but if they are on the black market for bitcoin sell illegal things that can very seriously hurt bitcoin.
d-trixx
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February 16, 2017, 08:31:09 PM
 #230

Bitcoin can be use in black market you can use it to pay anything you want online,
And it is hard to trace and also it has no tax so many country is really against it.

Yes many country will always be against it but for looking at bitcoins it looks like people will continue using it for many years.
Possibly will but it depends on how is the demand for bitcoins. Who can predict what the rate of bitcoin will be in a year? And the demand for it. Tell me what you can buy with bitcoin what not to buy for the dollars? Besides, I don't know people who have a lot of them.
That's right, because the surcharges have even greater opportunities than bitcoin, although some also bitcoin can act for the asset and vehicle storage savings without state control.
Owl_Fintech
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February 16, 2017, 08:33:33 PM
 #231

I do not know many countries that consider Bitcoin illegal, where did you get this information? Even China, which has a very authoritarian government, does not consider Bitcoin as an illegal currency, despite imposing a series of restrictions.
sourris01
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February 16, 2017, 08:57:10 PM
 #232

I do not know many countries that consider Bitcoin illegal, where did you get this information? Even China, which has a very authoritarian government, does not consider Bitcoin as an illegal currency, despite imposing a series of restrictions.
When giving examples, that countries such as Ukraine and Russia for example in different ways relate to cryptocurrency. Despite the fact that Ukraine has not officially recognized bitcoin, bitcoin some banks engaged successfully, and Russia all have imposed restrictions and thus legally.
Sithara007
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February 17, 2017, 05:28:49 AM
 #233

I do not know many countries that consider Bitcoin illegal, where did you get this information? Even China, which has a very authoritarian government, does not consider Bitcoin as an illegal currency, despite imposing a series of restrictions.

There are several countries around the world, where trade or even possession of Bitcoins are illegal. Examples are Thailand and Iceland. You can check the map below, to find out the legal status (green = legal, red = illegal):


wizmo
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February 17, 2017, 09:11:37 AM
 #234

All in all bitcoins will be used by every individual for his safety and security government can't do anything about it. Bitcoin is same as torrent downloading as many countries are against the torrent but still people use it.
xSplit
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February 17, 2017, 12:17:40 PM
 #235

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
Bitcoin is the only currency free from the control of banks, governments and tax collectors, the parasites don't like that you give nothing to them
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February 17, 2017, 05:13:08 PM
 #236

Because Governments like to control us like zombies.

The Governments is everywhere.
It is all around us.
Even now, in this room.
You can see it when you look out your window or when you turn on your television.
You can feel it when you go to work... when you go to church... when you pay your taxes.
It is the world that has been pulled over your eyes to blind you from the truth.

That you are a slave.
Like everyone else you were born into bondage.
Into a prison that you cannot taste or see or touch.
A prison for your mind.

 Grin Grin Grin

Gameunits We're enabling the 2 billion unbanked Gamers to shop on any online merchant.
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February 18, 2017, 02:24:29 PM
 #237

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
The reason behind this is they don't want their economics will be encountered with bitcoin , goverments wanting to banned bitcoin for life because they believed that this coin will scam people in the end. Also goverments don't want other currency to be use on their countries.

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February 18, 2017, 08:50:59 PM
 #238

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/

The prohibition of bitcoins by some states is a problem of those states. Bitcoin is a legal system. States illegally define everything they can not control.
But the bitcoin can not be removed from the ban.
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February 18, 2017, 11:59:12 PM
 #239

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/
The reason behind this is they don't want their economics will be encountered with bitcoin , goverments wanting to banned bitcoin for life because they believed that this coin will scam people in the end. Also goverments don't want other currency to be use on their countries.

maybe its because bitcoin is not accepted by many country, i think the other reason is the government can not make profit for using bitcoin and if they want to get profit, they should make regulation for accepting bitcoin and they should make their currencies so they can push people to using their currency too.

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February 19, 2017, 06:50:33 AM
 #240

why bitcoin is still illegal in many countries of world Huh Is there any solid reason behind this ??/

The prohibition of bitcoins by some states is a problem of those states. Bitcoin is a legal system. States illegally define everything they can not control.
But the bitcoin can not be removed from the ban.

Bitcoin can't be banned. That is the problem. It is not a physical asset, and therefore the government can't prevent its entry or exit from their jurisdiction. Also, unless the coins are converted to fiat, the authorities can't track them.

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