How far bitcoin can progress in the financial world without legal acceptance

[Kaznachej123]

We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?

You can State what do you think because your bitcoin investment depends on that

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[dothebeats]

Bitcoin managed to grow from cents to a thousand of dollars without legal intervention and recognition from 2009 to 2013. From a community of enthusiasts and developers, we grew into a community wherein almost all walks of life are involved. We managed to get the cashless revolution growing by simply existing and talking about things we 'think' would be better for the society. Bitcoin managed to grow and develop without government acceptance, and right now, everything is just a plus considering that many people are already considering to see it out and think whether going 'cashless' would be better for them.

Sooner or later, government intervention would be there. It's inevitable, especially to a growing cause that started as a vision and can potentially spark another global movement towards a better society.

[kotajikikox]

We need to accept the reality with the support of the government of every country bitcoin not going to progress, the legality of bitcoin in very country are need to process to achieve the goals.

So we need to support and convince the worldwide government to adopt bitcoin as leagal tender and explain them about the capability of cryptocurrency how to help to grow in the economy.

[becak mesin]

Bitcoin has existed around for almost a decade and it rapidly becomes recognized payment method in many countries. It is the proof that Bitcoin is able to grow, even rapidly growing even though the legalization is still to be a concern in many countries. It is a code and good sign that bitcoin will grow more and more. It definitely needs process to prove the potential of Bitcoin and the widespread today is the proof of Bitcoin progress during a decade.

The believe and attitude to Bitcoin is keep going to grow that many countries. It can be used either a lucrative investment or a legal means of payments. The progress of Bitcoin even beyond of Creator expectation that it is becoming a well recognized globally and it will grow go to the roof top of the price.

[Hatuferu]

We need to accept the reality with the support of the government of every country bitcoin not going to progress, the legality of bitcoin in very country are need to process to achieve the goals.

So we need to support and convince the worldwide government to adopt bitcoin as leagal tender and explain them about the capability of cryptocurrency how to help to grow in the economy.

I know this will happen in the long run but as for now,it's hard to convince the government to adopt it so it will become a legal currency.But i believe even if the government do not see it as a potential currency today,it will still continue to make progress and continue to grow its demands in the next years.

[magneto]

We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?

You can State what do you think because your bitcoin investment depends on that

Bitcoin is a legal currency in the majority of the countries around the world.

I think what you mean by your post is really that bitcoin is not the recognised legal tender currency per se of any country worldwide, nor is it officially endorsed in the overwhelming majority of countries. But still, most governments at the moment take a neutral stance of bitcoin and regulate some businesses, without directly restricting the access of it.

I'd say that there is no problem with bitcoin not being legal tender in the long run because it's independent from fiat in the first place, that's what it's designed for. I honestly don't think it'll affect adoption whatsoever. The only concern would be if governments outright ban bitcoin use in their jurisdiction, but even then, these restrictions are hard to uphold because bitcoin itself is decentralised.

[Al-e_x]

I think that bitcoin will create a market that is in great demand by the world. and that will make the bitcoin market always have good progress, today and in the future, so that the existence of bitcoin can survive until bitcoin becomes a legal currency.

on the other side, bitcoin is not an illegal currency, but bitcoin only takes time to be accepted by the world.

[MrThang]

The legality of Bitcoin depends on who you are, where you are in the world, and what you’re doing with it.

Every single fiat currency in the world is created, released and controlled by a single entity – in most cases a central bank. Bitcoin offers an efficient means of transferring money over the internet and is controlled by a decentralized network with a transparent set of rules, thus presenting an alternative to central bank controlled fiat money. As it’s becoming more and more mainstream, law enforcement agencies, tax authorities and legal regulators all over the world are trying to wrap their heads around the concept of cryptocurrency and where exactly does it fit in existing regulations and legal frameworks.

[NivelMac]

I don't think bitcoin can progress long in the financial world without legal acceptance because bitcoin is now banned in some countries. Bitcoin need some regulation to be accepted

[pumbum]

the longer bitcoin is not banned, the sooner it will be allowed, because more people will know about it

[vit05]

We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?

You can State what do you think because your bitcoin investment depends on that

Bitcoin is a legal currency in the majority of the countries around the world.

I think what you mean by your post is really that bitcoin is not the recognised legal tender currency per se of any country worldwide, nor is it officially endorsed in the overwhelming majority of countries. But still, most governments at the moment take a neutral stance of bitcoin and regulate some businesses, without directly restricting the access of it.

I'd say that there is no problem with bitcoin not being legal tender in the long run because it's independent from fiat in the first place, that's what it's designed for. I honestly don't think it'll affect adoption whatsoever. The only concern would be if governments outright ban bitcoin use in their jurisdiction, but even then, these restrictions are hard to uphold because bitcoin itself is decentralised.

This is the great difficulties that many have about Bitcoin. Nowhere in the world is it totally forbidden, meaning no one will ever be arrested for buying or selling Bitcoin today.

What Bitcoin is lacking in many countries is regulation and understanding of what it is before regulatory organizations. This hampers the entire ecosystem related to Cryptocurrencies since many companies and exchanges often have no license to operate.

[#davidnugroho]

We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?

You can State what do you think because your bitcoin investment depends on that

I think bitcoin is currently a currency that is not yet legal but in some countries bitcoin has been recognized and used in various countries so bitcoin will always be developed again and will develop and become better so don't be afraid to invest in bitcoin.

[aray80]

Yes, I believe that bitcoin can benefit investors' finances and countries that support and do not support, without or recognized by law

[EdenHazard]

The governments in this world will ban bitcoin if it really will make effect their economic disturbed, that is one factor must be memorized. Most countries who ban the using of bitcoin/cryptocurrency is developing country who have lack knowladge against technology.

I just wondering for those people who live in the countries that accept bitcoin/cryptocurrency well, was bitcoin disturbed the country's economic stability? Were each person change over to using bitcoin and leave money fiat? I hope this question will be answered by someone to be a reinforcement that bitcoin/cryptocurrency doesn't have a major negative impact on a country's economic stability.

[CoinsGazer]

On the operational level alone, there is currently no country in the world that can restrict the right of a citizen to remember two strings of passwords (public and private) through law. Moreover, from the perspective of IT technology, shutting down a P2P network is not something that humans can accomplish. The nature of P2P itself determines that once a project is launched, it cannot be closed.
It is conceivable that in this case, the difficulties faced by any government in any country to abolish Bitcoin are enormous. To take a step back, even if all countries have eliminated the current version of the Bitcoin network in their home country through various means, Bitcoin will not be lost as long as the user's Bitcoin wallet is still there.
Therefore, the key to the existence of Bitcoin is not whether the government blocks it, but whether the fans can always maintain trust in it. As long as the trust exists, Bitcoin will still show value and still cannot prevent people from using it to redeem. Legal currency or exchange of goods.

[darkangel020716]

Not all countries got bitcoin illegal, because as crypto currency itself, more country in asia are legally accepted this bitcoin to be use, and with some reasons, bitcoin rapidly grown in the place ive mentioned, i am in one of country in asia who witness the growth and acceptance of bitcoin here. And in my own opinion it would last more longer as we expect.

[sambel90129]

We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?

You can State what do you think because your bitcoin investment depends on that

the rate of bitcoin cannot be stopped because bitcoin stands alone is not dependent on any country, almost all countries that do not support bitcoin say bitcoin is only an asset or a commodity no one country rejects totally but they reject the use of bitcoin to be a direct payment tool. So the rate of bitcoin has almost no obstacle to progress.

[AAKODI]

We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?

You can State what do you think because your bitcoin investment depends on that

Bitcoin is a legal currency in the majority of the countries around the world.

I think what you mean by your post is really that bitcoin is not the recognised legal tender currency per se of any country worldwide, nor is it officially endorsed in the overwhelming majority of countries. But still, most governments at the moment take a neutral stance of bitcoin and regulate some businesses, without directly restricting the access of it.

I'd say that there is no problem with bitcoin not being legal tender in the long run because it's independent from fiat in the first place, that's what it's designed for. I honestly don't think it'll affect adoption whatsoever. The only concern would be if governments outright ban bitcoin use in their jurisdiction, but even then, these restrictions are hard to uphold because bitcoin itself is decentralised.

This is the great difficulties that many have about Bitcoin. Nowhere in the world is it totally forbidden, meaning no one will ever be arrested for buying or selling Bitcoin today.

What Bitcoin is lacking in many countries is regulation and understanding of what it is before regulatory organizations. This hampers the entire ecosystem related to Cryptocurrencies since many companies and exchanges often have no license to operate.

Still many governments haven't taken a significant action regarding bitcoin because some are bit uncertain whether this is an opportunity or a disaster for there economical system and some doesn't get the bigger picture about bitcoin and that is mainly because still it haven't made a huge impact in the business world that is powerful enough to make change for better so I think it might take more time for us to see a different

[Laura Evans]

One hand, Bitcoin can progress without legal acceptance but it can not develop as much as bank note. I mean governments must guarantee for their residents by controlling the global currency. Moreover, Bitcoin is needed to take taxes in order to contribute for the budge of the nation. In an other hand, once BItcoin has legal acceptance, it will develop in  more and more countries. Anyway, Bitcoin should still be needed legal acceptance.

[Jason Camara]

In some countries, Bitcoin is accepted as legal currency, so people can pay something by BItcoin. Then, investors will try to earn more Bitcoin because they know Bitcoin can develop more . But now some countries ban Bitcoin, of course; people there don't want to trade Bitcoin. Thus, it is difficult for Bitcoin to trade without legal acceptance.