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Author Topic: Worry not! The Greatest Giants are with us!  (Read 683 times)
Getmon
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March 28, 2018, 09:33:02 AM
Merited by Taki (1), 10yearsolder (1)
 #1

This comes a bit late but still very much relevant, especially to somehow appease a lot of Bitcoin fans and followers who are now on the edge of panic selling because of what Bitcoin has been going through these past weeks and even months.

I hope this little information will somehow address a big doubt on a significant number of Bitcoin fans and followers on the matter of overheard information that some governments are pushing for strict regulations or even ban on Bitcoin. Please know that the majority of the most powerful and advanced countries in the world is still widely open to Bitcoin and other cryptocurrencies.

So, guys, please chill out!  Wink

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March 29, 2018, 01:59:49 PM
 #2

This list is pleasant to the eyes. Of all the member states of the G20, only one has made Bitcoin illegal. The biggest number is still in support of Bitcoin. The countries that are either neutral or have made some restrictions to Bitcoin may still change tune and follow the majority that made Bitcoin legal.
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March 29, 2018, 08:33:21 PM
 #3

Actually bitcoin is like gems. So if you are with bitcoin you can feel like that. Though if you do late no worry. This giant like power we have.
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March 29, 2018, 08:56:14 PM
 #4

Bitcoin will be accepted in more and more countries. Those countries that not have accepted bitcoin yet, will follow soon. They cannot afford to stay behind. However, governments will accept cryptocurrencies, but not without regulations and taxing. And that's a very high price to pay. Chances are, that with my and tax, bitcoin is no longer decentralized.

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March 29, 2018, 09:16:13 PM
 #5

I think it's safe to say at this point that Bitcoin is not falling because of regulation, it may have contributed slightly but is not a telling factor. People shit the bed when the price dipped after 20k and there's still a lot of fear going around, more important than people now panic selling is the fact that there are very few people buying bitcoin and all those that are are placing their orders and waiting for them to be filled, until they make a stand the price will slide further. 6k is coming, it's near inevitable now, the question is if the price will bounce again or not.

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March 29, 2018, 09:19:56 PM
 #6

This is so overwhelming !! Of all, Bitcoin is illegal in only one country.. Soon, it will be legal there as well.
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March 29, 2018, 09:24:16 PM
 #7


In practice the situation is very different

canada:

Bank Of Montreal Staff Memo Appears To Show Bitcoin ‘Block’ Due To ‘Volatility’

japan:

Japan: 2 Bitcoin Exchanges Choose Shutdown Over Regulatory Compliance

Us:

Massachusetts Regulator Halts Five Firms’ ‘Unregistered’ ICO Sales

uk:

Bank of England Governor Claims Bitcoin Has ‘Failed’ As A Currency

Quote
“It [cryptocurrency] has pretty much failed thus far on... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange.”

South Korea:

South Korea: Financial Regulators To Investigate Banks Over Crypto AML Measures

Brazil:

Brazilian Central Bank President Says Bitcoin is Pyramid Scheme

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March 29, 2018, 09:28:21 PM
 #8

Excellent! I am going to share few tweets with this picture and try to publicize it as much as humanely possible for me. A much needed refreshing news for the community. But it needs to be publicized. So I request everyone to share this news with the picture in twitter and facebook and try to make it viral. If this goes unnoticed, then we won't see any impact. I strongly believe that 2018 is going to be the year of new adoption. A lot of other countries outside G20 is going to adopt cryptos this year. Whoever is staking up now, can fetch immense profit by the end of 2018 for sure.

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March 29, 2018, 09:34:05 PM
 #9

I don't think it really matters who is with us and who isn't, everyone is in Crypto for different reasons and the G20 members too have different reasons as to why they legalize the crypto or not, just believe in the instinct that made you invest in the first place, that's all that is important

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March 30, 2018, 12:49:45 AM
 #10

Maybe this is what causes the price of bicoin down.
I'm not sure Bitcoin will get back to the $ 11,000 price tag. do you have any other predictions?

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March 30, 2018, 12:55:34 AM
 #11

Bitcoin is NOT illegal in China. 
ICOs are regulated.

Bitcoin is not banned. 
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March 30, 2018, 01:01:49 AM
 #12


Bitcoin will be accepted in more and more countries.
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March 30, 2018, 01:11:10 AM
 #13

China? Is not illegal I think. They are into blockchain and they participated alot of ICO's and Russia for me they are into bitcoin and blockchain they created alot of ICO's so I wonder why why it's restricted It should be legal.

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March 30, 2018, 01:16:17 AM
 #14


Because the truth is that the laws are not simply a case of black and white, of yes and no. There are always nuances and of minute details that would make everything a lot more complicated than it seems, that would cause a few legal stipulations contestable on the basis of what is also legal. We all know that something that is deemed legal may not actually be allowed at all times everywhere. Even a simple and seemingly perfectly legal and kind act of helping others in need may be considered punishable under certain circumstances. This is also very true to the legality of Bitcoin. In so many countries, the legality of Bitcoin is not an absolute and free pass. There are so many specific legal provisions that they have to abide with. For example, there are provisions in terms of taxation, in terms of security measures, and so on.

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March 30, 2018, 01:16:27 AM
 #15

This is what I was thinking. sure some countries might restict or illegalize the cryptocurrency industry on their own countries but I'm pretty sure that a lot of countries are still on the supportive side to bitcoin. In addition to the list, tge Philippine Government I think is interested with the bitcoin technology and their central bank plans on supporting bitcoin.

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March 30, 2018, 01:16:34 AM
 #16

China? Is not illegal I think. They are into blockchain and they participated alot of ICO's and Russia for me they are into bitcoin and blockchain they created alot of ICO's so I wonder why why it's restricted It should be legal.
Agree some of this are spreading FUD news. If bitcoin restricted and banned in those countries how come they supported some ICO's and they are serious about blockchain technology.

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March 30, 2018, 01:16:44 AM
 #17

This comes a bit late but still very much relevant, especially to somehow appease a lot of Bitcoin fans and followers who are now on the edge of panic selling because of what Bitcoin has been going through these past weeks and even months.

I hope this little information will somehow address a big doubt on a significant number of Bitcoin fans and followers on the matter of overheard information that some governments are pushing for strict regulations or even ban on Bitcoin. Please know that the majority of the most powerful and advanced countries in the world is still widely open to Bitcoin and other cryptocurrencies.

So, guys, please chill out!  Wink



Now the price of bitcoin is 6700$ ,this is least value reached by bitcoin in a past few months.So I think this the red chart welcome to the new investors.Since bitcoin is legal one in 16 countries of G20 country,we no need worry for the investment and price fall.In April ,at anytime the price of bitcoin will reach the maximum.
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March 30, 2018, 01:22:15 AM
 #18

It is matter of acceptance for govt. The mass has accepted bitcoin and no worry about that. Only govt tried to seek the regualation to bitcoin and cryptocurrencies. They don't have expert in cryptocurrency so they get wrong information about the system. Most govt and bankers are old fashioned financial persons like Jamie Dimon.
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March 30, 2018, 01:44:59 AM
 #19

This comes a bit late but still very much relevant, especially to somehow appease a lot of Bitcoin fans and followers who are now on the edge of panic selling because of what Bitcoin has been going through these past weeks and even months.

I hope this little information will somehow address a big doubt on a significant number of Bitcoin fans and followers on the matter of overheard information that some governments are pushing for strict regulations or even ban on Bitcoin. Please know that the majority of the most powerful and advanced countries in the world is still widely open to Bitcoin and other cryptocurrencies.

So, guys, please chill out!  Wink



Now the price of bitcoin is 6700$ ,this is least value reached by bitcoin in a past few months.So I think this the red chart welcome to the new investors.Since bitcoin is legal one in 16 countries of G20 country,we no need worry for the investment and price fall.In April ,at anytime the price of bitcoin will reach the maximum.

I think that this is a good information showing many big countries during the G20 summit meeting are supporting bitcoin. With this, people should not be disappointed of the great dip ever experienced in the past several months instead people should spread the good news of bitcoin all throughout the bitcoin forum community and other social media outlets. Let's make it happen for bitcoin to gain back the price and reverting the trend upwards.


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March 30, 2018, 02:23:26 AM
 #20

Good information enumerating big countries which support and legalize the cryptocurrency. But don't forget other countries which has also good bitcoin community specially here in Asia. Even some of them are small, at least they have good support in it. I notice also that the bitcoin price gradually falling, hope many will think to buy and maintain the high price.

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