Bitcoin is difficult to accept in countries

[danggoron]

We will get to the point when Bitcoin and Blockchain cannot be ignored anymore. So far its good that people are approaching Bitcoin and they invest into it or even more they build around its ecosystem. In future Governments will adopt Bitcoin ( or some of them will build their own in order to control the funds which will only be applied for current citizen who don't believe in Bitcoin and they want a national cryptocurrency ) but yea in some countries people still see Bitcoin as the biggest bubble ever created and they don't even want to inform about it in order to find what is really behind Bitcoin, THE BLOCKCHAIN!

It's only about time, over time people will realize how great the function of blockchain and bitcoin is. Although it is undeniable that many things make it controversial so that in some countries it is banned. So, while there is an opportunity, take advantage of this well, although there is no official legality, some countries allow the use of cryptocurrency, especially bitcoin for investment and trading commodities.

[Aryadwipanggah]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

I think because of the fluctuating price of BTC as the main reason why BTC is still difficult to accept in various countries, blockchain itself might be welcomed positively as a reliable technology for storing data, but bitcoin as one of the blockchain products will not necessarily be welcomed positive like the blockchain.

[joinfree]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

Well that's a fair assessment between the blockchain technology and bitcoin. The technology seems to being adopted much more easier than bitcoin and this is because of the lack of control that these governments don't have over bitcoin. The government mostly bans or restrict the use of things they can't control. However, some companies  have already integrated the payment system of cryptocurrencies into their operations which accept bitcoin as mode of payment. It will take time but i believe we would get there soon.

[crossabdd]

Because Bitcoin is anonymous, Bitcoin cannot be controlled by anyone, Because the price of bitcoin is volitile, Because it is too risky to invest here because of the threat of hackers and more, which prevents bitcoin from being recognized as one of the most beautiful inventions of this era.

From all of the things you've said, I guess the accurate one why it is difficult for countries to accept it is the fact that it is decentralized. No one controls means the government will be having a hard time supporting it. We don't need to talk about investment here since the acceptability of bitcoin circulates to it being decentralized.

Yep, that's good ... as long as there are no heavy sanctions for bitcoin users in investing, then use it well. and as long as it makes someone better in finance. then don't let go. continue to learn and collect bitcoin. although one day apart from state regulations and bitcoin runs alone. don't take it off. because we don't know what will happen for the future of bitcoin. surely we believe it will get better.

[Xxmodded]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

Many countries difficult to accept bitcoin as legal transaction currency, with many controversy of bitcoin price suddenly dump and pump make many country not allowing for bitcoin become legal currency transaction payment. Although many cases with bitcoin hacked in wallet exchange and low security with bitcoin make countries want to review for adopting bitcoin as legal payment transaction at the future.

[Lauren Smith]

It is because then the blockchain can be to themselves with a new currency they make. Bitcoin belongs to people and they want it to belong to them. They want the technology to be theirs. This is especially so with China and how thy have reacted and handled bitcoin and blockchain technology and how its been announced they do support blockchain just not bitcoin.

I really cannot wait to see countries adopt crypto as their countries have chosen currency. Or at keast have it as a secondary option to their main fiat currency.

[Wawa2013]

In developed countries, investment becomes excellent, especially now, investment in crypto or say investment in bitcoin. Maybe in developed countries like bitcoin is accepted like in Singapore for example. However, there are many countries that do not agree to accept bitcoin as an investment tool because bitcoin value is very volatile so it is high risk and speculative. Say the government is principled to maintain prudence and wants to provide protection to consumers from the risk of crypto investments that are too risky. In addition there are several other reasons, namely to avoid money laundering and terrorism financing. But for blockchain technology, it might still be acceptable because the technology is very sophisticated and can advance a country's economy if the country implements a blockchain system. But Bitcoin and blockchain technology still cannot be separated because they are one unit.
 

[pundit]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

I am worried about the fact Bitcoin will be accepted by bigger countries. It is true that Bitcoin is the first carrier of blockchain technology but due to its decentralize nature most of the govts. are not accepting it. On the other hand blockchain technology is the the latest innovation and big economies like China do not want to remain away from this innovation, they may adopt the concept to develop something under their control. Lets hope something good for BTC future.

[Prateek_sharma]

India has banned the cryptocurrency and hearing is going on court

[EdvinZ]

Of course, Bitcoin is difficult for most countries to accept. The reasons are many. This is the conservative policy of the States, the unwillingness to introduce new technologies, so as not to expose the existing economic interactions within the country and abroad to risks. We also know that almost all countries of the world have their own national currencies. And if Bitcoin suddenly becomes able to influence economic processes, it can affect the exchange rates of national currencies and as a result the economies of countries.

[BitHodler]

On the other hand blockchain technology is the the latest innovation and big economies like China do not want to remain away from this innovation, they may adopt the concept to develop something under their control.

Everything China does is to increase their already massive control over their people, and using the blockchain is going to help them achieve their goal faster and even more efficiently.

People are very excited about China's latest move to get into blockchain deep, but that move is something most people will regret having supported in the next couple of years because the real truth of China will come out.

Truth that will firstly impact Chinese people the hardest, but there is no reason why they wouldn't roll out their network to Hong Kong for example, which they want even more control over.

[sapnu]

We will get to the point when Bitcoin and Blockchain cannot be ignored anymore. So far its good that people are approaching Bitcoin and they invest into it or even more they build around its ecosystem. In future Governments will adopt Bitcoin ( or some of them will build their own in order to control the funds which will only be applied for current citizen who don't believe in Bitcoin and they want a national cryptocurrency ) but yea in some countries people still see Bitcoin as the biggest bubble ever created and they don't even want to inform about it in order to find what is really behind Bitcoin, THE BLOCKCHAIN!

They are regulating bitcoin maybe because they cannot regulate it. The way we are earning without paying any tax. We all know that cryptocurrency is decentralized meaning it is not run by any organization or group. But I think they are also getting to the point that they do adopt cryptocurrency when they really knew that it is really profitable in many terms. Investors will do invest in some projects in here and it is really helpful to the market. The moment that the crypto will be legalized in all countries I believe that the market will recover because if that happens there are more investors will come. They will buy some tokens and it is good on our side, having more incestors than bounty hunters.

[bitbunnny]

We will get to the point when Bitcoin and Blockchain cannot be ignored anymore. So far its good that people are approaching Bitcoin and they invest into it or even more they build around its ecosystem. In future Governments will adopt Bitcoin ( or some of them will build their own in order to control the funds which will only be applied for current citizen who don't believe in Bitcoin and they want a national cryptocurrency ) but yea in some countries people still see Bitcoin as the biggest bubble ever created and they don't even want to inform about it in order to find what is really behind Bitcoin, THE BLOCKCHAIN!

First of all we have to make the difference between Bitcoin as a cryptocurrency and blockchain as technology. It's very likely that governments will accept and implement blockchain in different areas but I'm not so sure about Bitcoin. However I do expect some regulation in most of countries regarding cryptocurrencies because by now everyone is aware they can't be ignored. Still that doesn't necessary mean their implementation in formal economy and financial system.

[Andrews193]

Because Bitcoin is anonymous, Bitcoin cannot be controlled by anyone, Because the price of bitcoin is volitile, Because it is too risky to invest here because of the threat of hackers and more, which prevents bitcoin from being recognized as one of the most beautiful inventions of this era.

From all of the things you've said, I guess the accurate one why it is difficult for countries to accept it is the fact that it is decentralized. No one controls means the government will be having a hard time supporting it. We don't need to talk about investment here since the acceptability of bitcoin circulates to it being decentralized.

Yeah, accepting bitcoin is not so difficult but the real difficulty here is that as you are saying, the government has not yet established a relationship with bitcoin, they understand the system and the benefits of life from bitcoin but anonymity is restricting control from the government but increasing the opportunity for criminals who want to transfer and launder money. And in fact, bitcoin is not too interested in or desires acceptance from countries, users accept it is enough for bitcoin to grow

[aysg76]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

Most of the big institutions like UN,Starbucks have started to accept bitcoin as mode of payment in their system and what i think is that governments will support these coins if majority if people accept or banks adopt blockchain technology in their system.The governments fear these decentralized currencies as they dont have any control over them and they will never allow such currencies to operate in their financial system.But still with improved technology btc have potential to improve economic conditions of nation so it might be possible to be adopted at large scale.Lets wait for right time.

[dimox]

actually bitcoin accept in country but in small radius. government maybe reject or inhibit developing of bitcoin, but in small bussiness they brave to accept it. many store implement this method for their profit and for customer.

snip--
Then bitcoin have no physical shape if we own it. Its the main reason why the bank wont use bitcoin as currency.

now, and many people use digital money to pay something. so, its not about the physical shape.

[coin-investor]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

I live in a country where Bitcoin is very much legal and we have a few exchanges here in our country, I think it's more on a country that cannot adopt the technology that is being brought by the blockchain, and another is they want total control and they have very limited control and they will have to do a lot of examination and setting up a system for adoption, just like our government has done and they do not want to bother doing that.

[Pamadar]

Of course, Bitcoin is difficult for most countries to accept. The reasons are many. This is the conservative policy of the States, the unwillingness to introduce new technologies, so as not to expose the existing economic interactions within the country and abroad to risks. We also know that almost all countries of the world have their own national currencies. And if Bitcoin suddenly becomes able to influence economic processes, it can affect the exchange rates of national currencies and as a result the economies of countries.

The unwillingness to adopt and the sole purpose of maintaining the authority inside financial aspect of a certain nation. Not every countries are open to this kind of new system, knowing that decentralized is being introduced which means that the control is no longer in their hands. Government mostly concerned with securities and assurance with high volatility of this kind of system it's really hard to other nations to embrace and allowed bitcoin to coexist with their current system.

[Xcode7]

Of course, Bitcoin is difficult for most countries to accept. The reasons are many. This is the conservative policy of the States, the unwillingness to introduce new technologies, so as not to expose the existing economic interactions within the country and abroad to risks. We also know that almost all countries of the world have their own national currencies. And if Bitcoin suddenly becomes able to influence economic processes, it can affect the exchange rates of national currencies and as a result the economies of countries.

The unwillingness to adopt and the sole purpose of maintaining the authority inside financial aspect of a certain nation. Not every countries are open to this kind of new system, knowing that decentralized is being introduced which means that the control is no longer in their hands. Government mostly concerned with securities and assurance with high volatility of this kind of system it's really hard to other nations to embrace and allowed bitcoin to coexist with their current system.

sometimes also a country that is still unable to formalize crypto in it, because lags behind knowledge that makes some countries that do not allow crypto. I think in terms of government control it will be difficult if it does not have experts.

[Wintersoldier]

India has banned the cryptocurrency and hearing is going on court

India has their people more focus on cryptocurrency, there are more people who prefers cryptocurrency in india rather than preferring banks. And also, their government really do want to ban cryptocurrency and hodlers of it might be in jail according to this article: https://www.technologyreview.com/f/614014/india-might-ban-cryptocurrencies-and-give-its-traders-jail-time/

with this, we can infer that people should support first their government after this will be settled, government will trust their people as well. There are countries where cryptocurrency is prominent and even supported by the government.