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Author Topic: How far bitcoin can progress in the financial world without legal acceptance  (Read 699 times)
Rituvohra01
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September 18, 2018, 11:54:30 AM
 #21

Everyone know bitcoin is not a legal currency in the world and it has many limitations by the government. After that it is going on.Without government acceptance it is run through and its user increases day by day.
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September 18, 2018, 12:07:12 PM
 #22

Bitcoin already has an official status in Japan. I think if governments do not start a war against crypto currency, then bitcoin has a great future.

In the near future, another growth will begin

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September 18, 2018, 09:54:02 PM
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 #23

For me, Bitcoin is already accepted as a legitimate currency because its users can obtain goods and services through it, and every time there are more businesses enterprises that accept it as a payment method. The legality of bitcoin depends mainly on the user and that is where the political barriers are, which have the need to know who are the owners of these cryptocurrencies, where they are in the world and for what they use them in order to maintain control over the use of currency in illegal activities such as money laundering.
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September 18, 2018, 10:54:02 PM
 #24

Bitcoin already has an official status in Japan. I think if governments do not start a war against crypto currency, then bitcoin has a great future.

In the near future, another growth will begin
Right.Bitcoin still continue to grow as years passed by.It may not be a legit currency in most countries but i know few years from now,the government will finally recognize its potentials and benefits and will soon to adopt cryptocurrency.I believe bitcoin has really a bright future.It only needs time to be a mainstream or even an alternative payment system in all countries.

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September 18, 2018, 11:24:26 PM
 #25

Bitcoin already has an official status in Japan. I think if governments do not start a war against crypto currency, then bitcoin has a great future.

In the near future, another growth will begin
Right.Bitcoin still continue to grow as years passed by.It may not be a legit currency in most countries but i know few years from now,the government will finally recognize its potentials and benefits and will soon to adopt cryptocurrency.I believe bitcoin has really a bright future.It only needs time to be a mainstream or even an alternative payment system in all countries.
and to develop, of course, bitcoin and cryptocurrency need time for that, because until now many of them still doubt the role of cryptocurreny for future economic development in the future

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September 20, 2018, 10:06:26 AM
 #26

Bitcoin already has an official status in Japan. I think if governments do not start a war against crypto currency, then bitcoin has a great future.

In the near future, another growth will begin
Right.Bitcoin still continue to grow as years passed by.It may not be a legit currency in most countries but i know few years from now,the government will finally recognize its potentials and benefits and will soon to adopt cryptocurrency.I believe bitcoin has really a bright future.It only needs time to be a mainstream or even an alternative payment system in all countries.
and to develop, of course, bitcoin and cryptocurrency need time for that, because until now many of them still doubt the role of cryptocurreny for future economic development in the future

soon, after they know and see what benefits of cryptocurrency and of course Bitcoin, they will want to use cryptocurrency for the new payment system and they will accept the cryptocurrency and make it legal as Japan. but cryptocurrency still younger and needs to develop as you said and there is a big chance to see cryptocurrency will be legal in all country and solve the financial for every people around the world. besides that, the adoption still needs to make cryptocurrency to grow more than today.

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September 21, 2018, 12:29:57 PM
 #27

really open to all cryptocurrency I think has not yet been invented, so it makes sense to watch the market
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September 21, 2018, 06:00:08 PM
 #28

Bitcoin already has an official status in Japan. I think if governments do not start a war against crypto currency, then bitcoin has a great future.

In the near future, another growth will begin

My main concern is about a one word you have mentioned that is war and a war against crypto and I hope that won't happen and I know how japan consider about bitcoin and other cryptocurrencies with an open mind but the rest of the world view towards crypto is much worse and i hope that will change too

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September 21, 2018, 06:04:42 PM
 #29

In my opinion, bitcoin will remain great alternative to all global currencies.
World governments or banks can't legally accept bitcoin because of legal protection and other issues but average users will always be able to exchange crypto to fiat.

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September 21, 2018, 06:09:01 PM
 #30

Bitcoin already has an official status in Japan. I think if governments do not start a war against crypto currency, then bitcoin has a great future.

In the near future, another growth will begin
Right.Bitcoin still continue to grow as years passed by.It may not be a legit currency in most countries but i know few years from now,the government will finally recognize its potentials and benefits and will soon to adopt cryptocurrency.I believe bitcoin has really a bright future.It only needs time to be a mainstream or even an alternative payment system in all countries.
and to develop, of course, bitcoin and cryptocurrency need time for that, because until now many of them still doubt the role of cryptocurreny for future economic development in the future

soon, after they know and see what benefits of cryptocurrency and of course Bitcoin, they will want to use cryptocurrency for the new payment system and they will accept the cryptocurrency and make it legal as Japan. but cryptocurrency still younger and needs to develop as you said and there is a big chance to see cryptocurrency will be legal in all country and solve the financial for every people around the world. besides that, the adoption still needs to make cryptocurrency to grow more than today.

I think your mentioning about business adaptation is a major reason why bitcoin is rejected by many governments because if bitcoin has been used by many businesses even governments could see its benefits but that didn't happen. What has happen today is even it is a great digital asset the people who uses it only use to gain profits through investments so its qualities and features are in vain wasting between wallets and exchanges

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September 21, 2018, 06:14:04 PM
 #31

In my opinion, bitcoin will remain great alternative to all global currencies.
World governments or banks can't legally accept bitcoin because of legal protection and other issues but average users will always be able to exchange crypto to fiat.

I hope that will happen and even if bitcoin doesn't become a mainstream currency in a level to replace fiat it should at least remain as a alternative currency but even to achieve such mission its path is filled with many problems and obstacles but like you have mentioned if the average user is with bitcoin nothing can stop from achieving that

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September 21, 2018, 06:29:55 PM
 #32

Even though bitcoin has not gained legal status in most of the countries,still it has got the trust of most of the people all over the world.That's why it manages to survive.

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September 21, 2018, 07:03:14 PM
 #33

I think the government will not continue to refute or not accept bitcoin, because of a negative perspective.
and if one day many governments legalize bitcoin as a means of buying and selling online. then it is also possible that all countries will legalize bitcoin in their countries.
we really need to worry about that, but we don't need to be panic to have bitcoin. Wink

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September 21, 2018, 08:23:53 PM
 #34

If the government remains neutral without disturbing it citizens for using bitcoin it will go far.

this is true, just a few governments like china and india that are being enemies of bitcoin

many political barriers

The biggest problem today is the fact that many countries in the world are poor and governed by ambitious people who only think of stealing money, if poor people do not have access to technology. they will not use bitcoin


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September 21, 2018, 08:41:09 PM
 #35

I believe, bitcoin will not die without the legality of the government. Although possible, without legality, bitcoin will be difficult to develop quickly. But I believe, someday. More and more countries will legalize bitcoin
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September 21, 2018, 09:29:38 PM
 #36

The difference of cryptocurrency from other financial sectors is that it is decentralized. So no one can't affect price, just buying-selling. I mean, price can increase and decrease as much as you can't imagine.
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September 21, 2018, 09:40:38 PM
 #37

It has been a decade now since bitcoin as well as crypto currency started to enter the market and even without the support of most countries especially government it remain strong and very appreciative thru the years, so I guess bitcoin can go even further more than anyone cpuld expect it. The market is still moving and growing so as long as people support it, it will continue.
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September 21, 2018, 09:47:07 PM
 #38

Hello,

BTC could continu to progress, like he already did for the moment without rules but if we want to obtain the full potential with mass adoption I think it will be almost obligatory to ave a minimum rules in order to attract institutions and countries then lambda people. and small regulations will not necessarily kill the BTC purpose.
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September 21, 2018, 10:33:21 PM
 #39

It has been a decade now since bitcoin as well as crypto currency started to enter the market and even without the support of most countries especially government it remain strong and very appreciative thru the years, so I guess bitcoin can go even further more than anyone cpuld expect it. The market is still moving and growing so as long as people support it, it will continue.
Right.It has already been growing even without the mass adoption of the government so i think the progress of bitcoin is becoming more inevitable especially now that it's having more exposure and particularly more demands from the users ,holders and investors themselves.
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September 21, 2018, 10:42:39 PM
 #40

In most of the countries, bitcoin is not accepted as a payment. But it's not illegal. Bitcoin is now growing because the community expect it to become a common currency in future. This demand and also increase of its popularity, causes the grow to continue. Even if bitcoin  doesn't become a common currency it will continue to grow as a commodity.
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