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Author Topic: Bitcoin will get legitimacy in all countries?  (Read 2823 times)
Altf4
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June 04, 2018, 03:08:01 PM
 #201

Bitcoin will get legitimacy in all countries , from time to time this could be happenning , some countries are already adopting the cryptocurrency , but others are still on the observation, but the people are aready joining bitcoin and other cryptos, using it and investing on it even their countries prohibit them from using it.

doblok
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June 04, 2018, 03:08:26 PM
 #202

is it true that bitcoin will gain legitimacy in all countries if it is true I do not believe because not all countries have the same thoughts and ways to accept bitcoin legality and everything is technology dependent, never know that bitcoin can become legal in every country developing Wink
Agapelove
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June 04, 2018, 03:14:05 PM
 #203

I think one day Bitcoin will get legitimate. Bitcoin is one of the great innovations we have right now and its a start for digital currency. We just have to wait for the government to acknowledge its presence and envision far enough to see that one Bitcoin can help a country, especially its citizens.
k@suy
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June 04, 2018, 03:15:46 PM
 #204

is it true that bitcoin will gain legitimacy in all countries if it is true I do not believe because not all countries have the same thoughts and ways to accept bitcoin legality and everything is technology dependent, never know that bitcoin can become legal in every country developing Wink

Maybe not all since there are smaller countries that will be affected too much . Also there are problems with regulation as there governmemt will not consider for several reasons especially the effect to thier economy.Though anyone can access bitcoin in any country as long as they have connection to internet but if a country declare it as illegal, you  have to follow.
Harrisonimo
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June 04, 2018, 03:17:13 PM
 #205

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

This can happen when the governments must have found the advantages the bitcoin offers above every of the negativities/disadvantages it tends to pose at the moment. Adaptation of the cryptocurrencies is happening soon and the governments of countries not in support of the cryptocurrencies will start having a reconsideration.
Jcag07
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June 04, 2018, 03:36:08 PM
 #206

Inflation depends on the price of the commodities, demands, supplies etc. Bitcoin cannot effect the demands or supplies for any goods or services (allmost all). So, only the price is left out. But the price mostly depends on the demands and supplies. I don't understand how come Bitcoin effects the inflation. Yes, I agree BTC or other cryptos can effect the economy of a country but I don't believe it would be the inflation.



others are still on the observation, but the people are aready joining bitcoin and other cryptos, using it and investing on it even their countries prohibit them from using it.We only need one country, that one chance and I think it is very possible considering how far we all have gone
Nicholas Ferreiraa
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June 04, 2018, 05:31:25 PM
 #207

Bitcoin doesn't lead to inflation. Instead, it may cause deflation. People have to exchange fiat money for Bitcoin. Therefore, the fiat currency is pushed out of the circulation.
As for Bitcoin acceptance, I think it's less likely to happen, at least in the short term. First, Bitcoin as well as other coins is so new to the world market that almost every government feels embarrassed to lay legal grounds for it. There are too many problems taking time to research and make law. However, in the long run, Bitcoin may get more attention and get legitimacy in more countries. But I don't think "all countries" is feasible.
StuartJonson
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June 04, 2018, 07:35:31 PM
 #208

The reason behind this may be it is internet based and they cannot control it.
SMD.Shuvo
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June 04, 2018, 07:48:56 PM
 #209

I hope Bitcoin will get legality in all countries. Because of this it has become very popular in the world. I think it will take the government's legitimacy very soon.
nyerok
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June 04, 2018, 08:02:23 PM
 #210

seems to be able to get legitimacy in all bitcoin states takes a very expensive time because bitcoin still takes time to develop bitcoin in order to be accepted across the country.
bitvalak
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June 04, 2018, 08:44:13 PM
 #211

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
inflation is influenced by many factors, we can not accuse cryptocurrency of causing inflation in a country. Because of the economic gap factor is also very influential against inflation, then the increase in the price of goods will also affect. According to which I conclude the greatest fear of any number of states would be cryptocurrency is how to control the circulation quantity of cryptcurrency. That is the real strong reason in my opinion.

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HelenS
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June 04, 2018, 09:02:15 PM
 #212

More and more countries are discussing bitcoin and are trying to change the financial policy by legitimization of crypto.
RoryDennis
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June 04, 2018, 09:14:24 PM
 #213

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
I hope Bitcoin has become very popular in the world. I think it will take the government's legitimacy very soon.
Ahmadarwani56
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June 04, 2018, 09:19:47 PM
 #214

yeah I think bitcoin will get legalization in every state .because the interest in bitcoin is increasing time to time .although now many countries still mem arguing about bitcoin.I think mem needs a long time to consider themselves digital currency of the country in the future.
FiveReels
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June 04, 2018, 09:36:10 PM
 #215

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
Somehow, It brings opportunity to one's country but in the opposite side, The big threats are the risk for investment and security for the government. It's not all countries will allow to legitimatized bitcoins.
Sandus_Cryptolover
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June 04, 2018, 09:52:25 PM
 #216

It is just a misunderstanding of the purpose and technology if blockchain, the more reason some countries are afraid of it. But with time and mor awareness, more people will get to understand the technology proper.


Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

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azisdoank
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June 04, 2018, 10:05:54 PM
 #217

i think bitcoin will never be legal in any countries at all. The nature of Bitcoin makes it difficult to regulate and control the transactions that is being made. Bitcoin doesn't have anything backing it and the country cannot take any responsibility for the volatility of the coin and especially the poor and developing ones because their leaders fear that they would likely lose control of the people and they will lose it anyway, because Bitcoin is here to stay and instead of being harmful to any country, would rather liberate any country from the fangs of fiat currencies
macartem
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June 04, 2018, 10:15:14 PM
 #218

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

Most likely Bitcoin will get all the legitimacy once. Because most of the governments of many countries are already using Bitcoin
stil55
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June 04, 2018, 10:30:43 PM
 #219

Sooner or later, governments of countries should recognize the cryptocurrency as a new financial system that will give big economic benefits from the introduction of bitcoin and other cryptocurrency as a means of payment. But not all countries will immediately legitimize the cryptocurrency, at first cryptocurrency in those countries where there is democracy and then gradually other countries will begin to legalize crypto
zhanyiguai261315
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June 04, 2018, 10:53:53 PM
 #220

BTC has affected the financial order of many countries, and it is very difficult to supervise BTC.

Therefore, many countries in the world have different attitudes towards BTC, most countries affirm the legal status of BTC!

Those countries that prohibit BTC will gradually change their attitude towards BTD with the development of blockchain technology.
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