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Author Topic: Bitcoin will get legitimacy in all countries?  (Read 2822 times)
jake zyrus
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June 15, 2018, 04:55:39 PM
 #541

Only a country that does not accept bitcoin that bitcoin is very dangerous and does not give legitimacy and they do not know what the purpose of bitcoin and its benefits so do not ever hesitate or afraid because by not letting go of bitcoin then the country will be left behind because bitcoin is a digital currency has many advantages.
Bitcoin have lot's of benefits and advantage they can get but some country they not give chance to see the purpose of bitcoin on there economy. Bitcoin is a digital currency that give high profit and reduce the poverty and give jobs and income.

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Dr.Nina
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June 15, 2018, 05:16:32 PM
 #542

After creation of bitcoin, it has passes around ten years. Within ten years it has achieve many things. Many multinational companies and e-commerce site and other many store are now accept bitcoin as a payment. Now bitcoin has become the sixth largest currency. Its popularity has increase tremendously due to its high investment return. But to become legitimate in all country it have to face some difficulties. It needs to accepted by many other company so that the country of that company think of it positively. The price of bitcoin should also be stable to accepted by all country.
cmacwiz
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June 15, 2018, 05:43:41 PM
 #543

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 likely to occur in a country, if the government is wrong to take steps in managing bitcoin and its investors, it is necessary to think long-range ways to legalize bitcoin in the country

Yes, Legitimacy of Bitcoin is hard to acquire , It will be studied by the government, putting regulations to it and giving it a percent where it will contribute in the government and the country itself, it will project the countries economy, If bitcoin can be used as the primary currency of a certain country, Peple will need to study deeply what is bitcoin and they should be willing to take risk and patience to its value.
I think this will take time but will happen in the future.Though bitcoin is banned in some nations but still it is getting supporting in some other countries.There are several atms in some countries too.Bitcoin is getting users everyday and more and more people are investing in bitcoin so as to earn more profits.Bitcoin is a good opportunity for those who eant to earn money in a short period of time.The demand of bitcoin is rising as digitization is going on in the economy.It will face some difficulties but will win.
roadwell890
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June 15, 2018, 05:46:04 PM
 #544

if that happens, then I will be very happy and ready to become someone who suddenly rich in the near future
if only the entire country allowed Bitcoin to flourish, then surely there would be a huge economic revolution in this world

ruthbabe
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June 15, 2018, 05:54:54 PM
 #545

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?

Currently, there are around 70 countries and territories worldwide where Bitcoin (and other cryptocurrencies) usage is legal. To name the few they are; South Africa, Namibia, Zimbabwe, Canada, Nigeria, Morocco, United States, Mexico, Nicaragua, Costa Rica, Jamaica, Trinidad and Tobago, Argentina, Brazil, Chile, Colombia, Russia, Kyrgyzstan, Cyprus, United Arab Emirates, Israel, Saudi Arabia, Jordan, Lebanon, Turkey, Iran, Pakistan, and more... https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

denzkilim
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June 15, 2018, 06:14:22 PM
 #546

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?
It will eventually but not this time? In our country there are some news about bitcoin especially with scamming scheme. So it might be hard for us, people who use bitcoin, to be legalize bitcoin right now. Even our central bank warning our countrymen to avoid bitcoin because they are not guarantee to be true, which I oppose.
Yeah there are a lot of negative news about Bitcoin too in my country but they never banned Bitcoin neither legalize it and people are free to use Bitcoin as long as the user knows what he/she doing. Legalizing Bitcoin and other forms of crypto currency from all part of the world is like a punch in the moon at this moment of time, with all the negativity circulating all over the crypto currency realm that is done by those media people who are really professionals on spreading FUD and fake news about Bitcoin. Cool
rajeshmeena
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June 15, 2018, 06:21:32 PM
 #547

It has become now very sensitive issue for every economy to regulate the VCs. Most of countries don't want to loose their control on financial mechanism, therefore it very hard to accept the real value of Bitcoin in near future by most of countries.
Lomberjack
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June 15, 2018, 06:21:56 PM
 #548

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?
It is the government's way of thinking that implementation of getting Bitcoin to be legally used in their country might brought up side effects that can be useful in a good way and can be worst on a bad way. Maybe it is just their way of prohibiting their people to be fooled and get obsessed of obtaining instant income even without doing physical works because crypto are there to do their thing of earning for their own good which does not concern the sake of the nation that will totally affect its total manpower needed for the economic growth of a country. But I believe that sooner or later, government of different countries around the world will fully understand and think the legalizing Bitcoin will be a good thing to do by doing actions that will still concern their economic status while letting its people work in terms of doing crypto.
Anton1105
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June 15, 2018, 06:47:00 PM
 #549

They think so, because they can not regulate bitcoin and can not levy taxes from the cryptocurrency, accordingly, it is not profitable for the state to use the cryptocurrency as money.
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June 15, 2018, 07:39:38 PM
 #550

the success of bitcoin in those countries where it was accepted will determine if other countries will accept it or not. if corrective measures are being put in place to curb or control the activities of other coins, i strongly believe that bitcoin can be accepted in the whole world.
clarkey2013
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June 15, 2018, 11:18:05 PM
 #551

I think that bitcoin will not be legalized everywhere, because bitcoin is created for the possible anonymity of people, which in fact is a threat to the state! Each government seeks total control over its citizens. Also, bitcoin has a lot of minuses, which makes it not only useful, but also dangerous!
appleyard
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June 16, 2018, 01:12:07 AM
 #552

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?

There are so many countries that against bitcoin, these countries are thinking that bitcoin has no use to thier economy of thier countrt. The possibility that all country will accept bitcoin as part of thier country is very low, even thought the world government make an regulation to accept bitcoin worldwide, they will refuse for sure.

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June 16, 2018, 01:15:52 AM
 #553

This is all what we want to legalized bitcoin in whole world.and the government accept bitcoin to help people. we nly few country accept bitcoin and otherr country likenour country nit yet accept and legalzed bitcoin.lot of scam also that connecting the name of bitcoin thats why they warn us here not tonnvest in butcoin without knowledge about it.negative news affect the name of bitcoin in one country.

masonmason
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June 16, 2018, 01:19:17 AM
 #554

Bitcoin is unlikely to ever be used as a means of payment.And  bitcoin main based blockchain. In future every country will legalized bitcoin.
#dhabitamartha
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June 16, 2018, 01:32:05 AM
 #555

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 think bitcoin is really a concern and bitcoin has its supernatural powers and advantages so it becomes market inflation, I think not. this needs to be refined and developed to become a good technology in the future.
setialovers
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June 16, 2018, 02:19:25 AM
 #556

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?

From what i know, a few weeks ago, country member G20 already said that cryptocurrency like bitcoin can be regulated but its need time to take. Bitcoin will have legitimacy in near future because many big banks already said they will involving in cryptocurrency
Matimtim
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June 16, 2018, 03:50:59 AM
 #557

For me there is the possibility that bitcoin will be legalize in all country in the near future, its because bitcoin is acceptable now around the world and there are many people now using bitcoin in their daily life, so if there are many people using bitcoin in every country there is the  highest possibility that bitcoin will be legal in the whole word in the future.

GDragon
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June 16, 2018, 04:12:51 AM
 #558

That's what we believe to happen but for sure it takes a long time. We are currently facing a lot of problem especially the word "scam" right behind of bitcoin. I'm willing to wait that to happen even though it takes decades or century.

lonlonmarlon
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June 16, 2018, 06:16:52 AM
 #559

for me countries not legit a bitcoin because more people or more users a have negative thinking and bad attitude her and some users of bitcoin is use bitcoin to way to scam.

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cherryfer
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June 16, 2018, 06:18:31 AM
 #560

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?


That's what they think as of now  because their government  are not able to get taxes for bitcoin. people have fun with money earning from Bitcoin because this is unlimited to anyone everybody want to use this its available its either you rich or Poor that's applicable for bitcoin without any taxes deductible. we are all free its depend upon on us on how we handle this.
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