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CryptoBry (OP)
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June 08, 2019, 03:53:26 PM |
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In my country Bitcoin adoption is still very poor and many people are still not familiar with it. I could say that is still depending on not very big number of enthusiasts and very few businesses that accepted Bitcoin. I think that some better promotion is needed as well as education of people. Also, government and regulatory institutions didn't defined their attitude towards Bitcoin and cryptocurrencies in general so that is also a problem.
The presence of a sizable enthusiastic community must be so critical plus there should be fintech companies who are willing to stake their presence on the market. These are two important factors why there can be a healthy level of bitcoin awareness and adoption. Usually, fintech companies are doing the promotions so they can attract more business and revenues. Adoption is not an easy task especially if the government is not so willing to recognize the industry. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Marcus Kelly
Newbie
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Activity: 33
Merit: 0
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June 08, 2019, 03:59:50 PM |
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Belarus has prepared and introduced a legal framework for investment, transactions and income in cryptocurrency is not taxed
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uneng
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June 08, 2019, 04:04:10 PM |
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Here the adoption is very low and mainly exclusive to people who are near the financial market or youngs that spend most part of their time on the internet. Most people don't know exactly what it is, although almost everyone has already heared about it before.
So far the government didn't do anything towards crypto currency, probably due the fact it's not affecting the local economy very much.
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Bes19
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June 08, 2019, 05:02:53 PM |
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Well in my country there is actually no problem even though bitcoin is not yet legalized here, there is never an issue. We have an online wallet that supports bitcoin and other cryptocurrency and it is actually registered on SEC. There also some establishments that accepts bitcoin as payment even a public vehicle i saw some that has a board "We accept btc and eth". There is reall a massive adoption here and i heard our government is interested on cryptocurrency so hopefully they legalized it.
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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June 08, 2019, 05:08:33 PM |
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UK. Adoption has always been pretty pathetic here because no banks would give any crypto business an account. Coinbase sort of have one now but that may be rescinded. There are very few places to spend it. The government hasn't really said much at all.
Verdict - could do better.
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automaticmoney
Member
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Activity: 420
Merit: 18
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June 08, 2019, 06:26:42 PM |
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In India Bitcoin adoption is very strict and confused state in one way the country is forming guidelines and in other side rumors spread of ban and arrest very soon we may see clarity once the supreme court give hearing on crypto currency
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oseikuf44
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Activity: 490
Merit: 10
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June 08, 2019, 06:41:15 PM |
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In my country, Bitcoin is adoption is just picking up and only few people trade in it or even heard of it, and thy have a perception is a quick money making venture. Regulations by authorities are not on the agenda now and I forsee smart people getting in an out of the country with money through crypto without the knowledge of financial authorities.
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mr.robot8
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June 08, 2019, 08:00:18 PM |
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in my country (Italy) the bitcoins, the altcoins are well seen and i believe that slowly we can also begin to pay with them for goods and services, the only negative side is that from this year we have to declare them for taxes
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BitHodler
Legendary
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Activity: 1526
Merit: 1179
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June 08, 2019, 08:52:28 PM |
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It's definitely not what I hoped it would be where we are today. All I hear about nowadays is one shitcoin after the other and how much you can make by trading and investing in them.
Nowadays it's EOS, ADA, TRON, XRP and BNB. I guess people consider themselves to be too late for Bitcoin and Ethereum and hope that one of these coins will follow a similar path and becomes the next big crypto.
I think that we can expect things to turn even more ugly after the next bull run. With each bull run we dig deeper in the various layers of mainstream adoption, and so far 2017/2018 has been the worst adoption layer.
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BSV is not the real Bcash. Bcash is the real Bcash.
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Shenzou
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June 08, 2019, 09:03:07 PM |
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This is for members outside of the United States of America since things going in that country are all on the news but for those countries who are usually outside the radar of the mainstream media, I would like to get updates which can be good and bad, favorable and unfavorable with bitcoin. Here in my country, we have no problem with the government as regulatory bodies are not hindering the growth of cryptocurrency and in fact we have many more exchanges already approved and they can start doing business in 2020. Reading the news in other countries, I am feeling lucky to be a resident here.
What about in your own native land...how's bitcoin adoption been going on? Is there a bright future in there or maybe is it facing a gloomy and cloudy prospect? Let's talk...
The government in my country has yet to announce its decision about cryptocurrency, and that is wetehre to regulate it or just ban it like all the others, and i think that it has to do with the fact that there is not a lot of people who are using bitcoin or at least haven't been vocal about it in here, but way back in 2017 an central bank official has stated the fact that they approve of crypto currency and they are thinking about ways to utilize the blockchain technology. |
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Ucy
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June 08, 2019, 10:36:49 PM |
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My government never talks about it but am pretty sure the politicians hate it. They just don't want to talk about it atall.
The only thing preventing them from acting is because important governments and their allies haven't done so yet. There are few sites am sure they have control of that have strong rules against the promotion of Bitcoin/cryptocurrency.
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Mike Mayor
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June 08, 2019, 10:59:27 PM |
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Where I live 1 of the largest online markets that is over 10 years old they accept bitcoin directly. The other largest online market accepts bitcoin through a payment gateway.
I think about 30% of the online shops I look at accept bitcoin and they once accepted bitcoin at the super market as a test and it went well.
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kawetsriyanto
Legendary
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Activity: 2226
Merit: 1086
Free Bitcoins Every Hour!
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June 08, 2019, 11:16:36 PM |
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In my country, Bitcoin and cryptocurrency are legalized as the digital asset that can be owned. But it is still not legal as a transaction method. Today, the movement of Bitcoin and its existence in my country cannot be ignored. It will always grow and grow. Here re also several Bitcoin ATM in my country.
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Nanagyasi
Member
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Activity: 336
Merit: 10
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June 08, 2019, 11:28:20 PM |
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In my case, it is not entirely illegalised. However, the central bank has issued a warning against the use of btc by the citizens. Though no sanctions exist for using btc but the warning means it is highly unlikely for the government to ever legalise it in my country
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Vaculin
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June 08, 2019, 11:32:20 PM |
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in my country (Italy) the bitcoins, the altcoins are well seen and i believe that slowly we can also begin to pay with them for goods and services, the only negative side is that from this year we have to declare them for taxes
In my own country, bitcoin is not yet adopted by our government but we do have local exchanger wherein we can convert bitcoin into fiat so we can buy our daily needs. And as far as i know, our central bank and even some of the big establishments are already making their own study about bitcoin. Hopefully its payment method will be legalized and adopted soon. |
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deisik
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English ⬄ Russian Translation Services
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June 09, 2019, 07:46:28 AM
Last edit: June 09, 2019, 09:22:06 AM by deisik |
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It's definitely not what I hoped it would be where we are today. All I hear about nowadays is one shitcoin after the other and how much you can make by trading and investing in them.
Nowadays it's EOS, ADA, TRON, XRP and BNB. I guess people consider themselves to be too late for Bitcoin and Ethereum and hope that one of these coins will follow a similar path and becomes the next big crypto.
I think that we can expect things to turn even more ugly after the next bull run. With each bull run we dig deeper in the various layers of mainstream adoption, and so far 2017/2018 has been the worst adoption layer.
Are you sure you sent your post to the right thread? Regardless, while I definitely agree about Ripple and Binance coins, which are private cryptocurrencies at their worst, but what about EOS (don't know much about the other two)? Why do you consider it a shitcoin? Well, you personally may, of course, for whatever reason. But I quite often, if not to say most of the time, see its trading volumes by far exceeding Ethereum's (at Bitfinex). Definitely not a behavior you would expect from a shitcoin |
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LogitechMouse
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Activity: 2436
Merit: 1036
Chancellor on brink of second bailout for banks
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June 09, 2019, 08:03:23 AM |
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In my country, Bitcoin has been accepted by our central bank but it is not fully regulated. It is not banned in our country even though there are some instances that Bitcoin has been used by scammers to scam people.
Our central bank allowed us to use cryptocurrency in general but they always give advice to the investors regarding to investing to this kind of investment. There are some establishments at this moment that are accepting Bitcoin and other crypto. I hope in the future, it will increase.
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cahbagus555
Member
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Activity: 756
Merit: 12
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June 09, 2019, 08:57:35 AM |
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In my country, Bitcoin and cryptocurrency are legalized as the digital asset that can be owned. But it is still not legal as a transaction method. Today, the movement of Bitcoin and its existence in my country cannot be ignored. It will always grow and grow. Here re also several Bitcoin ATM in my country.
This happen in many country. In my country, there is local exchangers and can trade bitcoin with local fiat currency. But for transaction in restaurant or others merchant, still not allowed because there is no regulation on it. I hope in near future, bitcoin can regulated by my government and can use crypto in merchant as payment |
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Question123
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June 09, 2019, 10:11:01 AM |
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in my country (Italy) the bitcoins, the altcoins are well seen and i believe that slowly we can also begin to pay with them for goods and services, the only negative side is that from this year we have to declare them for taxes
Really citizens of Italy will pay taxes of having crypto or bitcoin? But if the tax is small it is still okay so the government will not hindrance to the crypto user in Italy because they are going to pay taxes. In every country the adoption of the bitcoin will increase and they use in different store and yes also services and even paying to their employee they use crypto now bitcoin in my country is like this. |
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partysaurus
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June 09, 2019, 10:59:42 AM |
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This is for members outside of the United States of America since things going in that country are all on the news but for those countries who are usually outside the radar of the mainstream media, I would like to get updates which can be good and bad, favorable and unfavorable with bitcoin. Here in my country, we have no problem with the government as regulatory bodies are not hindering the growth of cryptocurrency and in fact we have many more exchanges already approved and they can start doing business in 2020. Reading the news in other countries, I am feeling lucky to be a resident here.
What about in your own native land...how's bitcoin adoption been going on? Is there a bright future in there or maybe is it facing a gloomy and cloudy prospect? Let's talk...
i live in sweden and i have to say so far its pretty much none existant as a currency or to buy things in stores, as a investment its a bit more , but feels like btc is something people talk about but no one owns any or have used any. |
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