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Author Topic: What do you think is Bitcoin become legal in all countries?  (Read 2302 times)
Jaya912
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December 01, 2017, 03:03:22 AM
 #81

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?

I dont think so. Bitcoin will not be acceptep as legal currency in all country in the world. I am sure that because china is already banned bitcoin and maybe more country will following but i hope not.
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December 01, 2017, 03:05:48 AM
 #82

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?
I think it is impossible to happen now since some of the countries in the world already banned bitcoin in their place. But lets take for example, bitcoin become legal in all countries, i think there will be easier transaction of money or bitcoin all over the world, the price of bitcoin will continue to rise up since many people are using it, and lastly maybe some economies of some poor countries will develop.



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December 01, 2017, 03:27:55 AM
 #83

In the case of Colombia this is not prohibited and more and more establishments adapt to this form of payment.
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December 02, 2017, 12:55:23 PM
 #84

Many countries have tagged bitcoin as another ponzi and made it illegal to use or trade bitcoin. But in few countries bitcoin is totally legal and taxed as commodity. Most of the countries haven't made any official statement about legal status of bitcoin so it is neither legal nor illegal in those countries.

Soon bitcoin will be legalized all over the world.
Yes, That’s so true. Only a fool can doubt the legalization of bitcoin throughout the world. Many developed states have made bitcoin legal and I don’t see any harm side effects of bitcoin legalization. Bitcoin has given many people chances of living better life. There are live examples of many people who have become millionaire just because of working with bitcoin. Bitcoin is the strongest currency in the     world at present.
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December 08, 2017, 07:12:01 PM
 #85

I doubt that Bitcoin will be banned everywhere. Bitcoin generates enormous amount of taxes. Mining farms use a lot of electricity to power their mining rigs and cooling. They have to sell some of their BTC in order to pay for daily things such as food, rent etc. I think that there will be always a few countries where Bitcoin will be legal no matter what happens. I would say that Bitcoin can't be stopped in its current state.
Bitcoin does not generate as many taxes since many people are just holding their bitcoin and since they are not selling they have not generated capital gains taxes and when you add all the people that choose to avoid taxes deliberately the amount cannot be that big, besides even if bitcoin generated a lot of taxes at that point governments may realize that bitcoin is becoming too big and may ban it in order to survive.
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December 08, 2017, 07:15:24 PM
 #86

Every country should make bitcoin legal in their country because bitcoin will be the next main currency.Bitcoin is no 1 crypto currency and i think every country should realise that now and made bitcoin legal
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December 08, 2017, 07:42:36 PM
 #87

Every country should make bitcoin legal in their country because bitcoin will be the next main currency.Bitcoin is no 1 crypto currency and i think every country should realise that now and made bitcoin legal
yes it should be legal in all over the world if it make sure that its use will be legal and their money will not be harmful for others so then should every country to legal bitcoin forum and many problems will solve in their country and it will open many opportunities for every person .
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December 09, 2017, 05:20:50 AM
 #88

Becoming bitcoin as a digital currency and recognizing it as a legal tender will take a very long time. However, in the end, I think bitkoyn will be recognized as legitimate in almost all states. Crypto currency is so new and peculiar kind of financial calculations that its appearance has caused an ambiguous reaction of different states, which are still studying it and trying to classify it as a subject of financial relations.

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December 09, 2017, 05:44:37 AM
 #89

If bitcoin will become legal in all countries I think it would be more easy to do transactions and maybe the value of bitcoin will go much higher because surely the demand will increase due to popularity bitcoin will going to have. But government will not like it because they will lose control over the currency of their country and surely illegal activities will also increase

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December 09, 2017, 06:08:19 AM
 #90

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?
I think if all country accept this bitcoin and if all people will know all about crypto and bitcoin i think digital money have a potential to replace fiat money but i think fiat id more important because this is fiat is acceptablr for all like paying in some stores.
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December 09, 2017, 06:12:12 AM
 #91

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?
If bitcoin is made a legal thing then I am very happy because it can make us see better bitcoin development. As admitted bitcoin be a valid payment medium so that later we can see bitcoin to be a means of payment in various places. One impact that will be felt is the increasing level of people's confidence in bitcoin. That's the ultimate goal and in the future bitcoin can get a fantastic thing, to be part of a highly calculated world economy.
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December 09, 2017, 06:18:20 AM
 #92

Bitcoin is a digital and technical currency. Technology upgraded day by day and bitcoin value also increase day by day. I think one day bitcoin become legal in all country and every people use bitcoin in every step. Because bitcoin is easier than gold to carry bitcoin one place to another and payment also easier than any other payment way.

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December 09, 2017, 06:20:58 AM
 #93

if bitcoin became legal in some countries then maybe sooner it will become legal everywhere in the countries.
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December 09, 2017, 06:21:05 AM
 #94

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?

It is good ofcourse because the coutries don' need to limit the use of bitcoin and don't make an act or move against it. Many people nowadays are into bitcoin by using it as an alternative way of earning but what will happen if it will be legalized in all country? Many people will become happy and they will be more satisfied on it and encourage to earn more.

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December 09, 2017, 06:24:09 AM
 #95

if that happens, then I think it's a success for bitcoin, and all countries will not experience economic difficulties, there will be no lagging or developing countries, but all countries will be developed countries. even more than the dubai state.
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December 09, 2017, 06:28:33 AM
 #96

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?

It is good ofcourse because the coutries don' need to limit the use of bitcoin and don't make an act or move against it. Many people nowadays are into bitcoin by using it as an alternative way of earning but what will happen if it will be legalized in all country? Many people will become happy and they will be more satisfied on it and encourage to earn more.
In my personal thinking many countries stay neutral with bitcoin usage. Few countries have imposed ban on bitcoin and some countries have taken back the same with some form of regulations. One or two countries have given importance similar to their own traditional currency. Those has been contributed big to the growth of cryptocurrency.

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December 09, 2017, 06:31:06 AM
 #97

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?

It is good ofcourse because the coutries don' need to limit the use of bitcoin and don't make an act or move against it. Many people nowadays are into bitcoin by using it as an alternative way of earning but what will happen if it will be legalized in all country? Many people will become happy and they will be more satisfied on it and encourage to earn more.
In my personal thinking many countries stay neutral with bitcoin usage. Few countries have imposed ban on bitcoin and some countries have taken back the same with some form of regulations. One or two countries have given importance similar to their own traditional currency. Those has been contributed big to the growth of cryptocurrency.
At the very least, whether the country make a decision to ban or to regulate bitcoin it's depending on their country's economic condition. For country with capitalization below what bitcoin have, well, what they can do?
if they allow bitcoin, instead, it will slowly destroying their own currency. The only thing to save their economic is by banning bitcoin, with rather good economy country like japan or USA. regulating is one way to improve their taxes income.

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December 09, 2017, 06:35:22 AM
 #98

Bitcoin is legal by some countries but some countries still not accepting the bitcoin.
What you think is Bitcoin become legal in all countries?

hard to say, because I think not all countries will legalize bitcoin. this is with regard to the financial and political system of a country. but if bitcoin becomes very famous in the future then I totally agree. even bitcoin users will get more and more from time to time.
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December 09, 2017, 06:38:30 AM
 #99

if that happens, then I think it's a success for bitcoin, and all countries will not experience economic difficulties, there will be no lagging or developing countries, but all countries will be developed countries. even more than the dubai state.
A very good idea but it is hard to achieve. I'm not to mention Bitcoin becoming legal in all countries. Bitcoin is not all, bitcoin alone cant bridge the gap between rich and poor countries.
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December 09, 2017, 06:46:12 AM
 #100

Its a very good idea and it would be really great if bitcoin becomes legal in all the countries.But, It is hard to say whether it will become legal or not.

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