12 years and no country has approved Bitcoin ??

[Renampun]

This just sounds like a really weak attempt at trolling. If you don't want Bitcoin because it's not approved by government or Warren Buffet, then Bitcoin is not for you. Bitcoin was created to give people control over their money, that should be enough reason to use it if you find this feature appealing.

hahaha, I agree that Bitcoin is not suitable for OP...
Bitcoin = be your own bank or control your own money. if governments around the world approved Bitcoin then indirectly we can no longer control our own money. currently, there are several countries that include Bitcoin in the list of investment assets that are monitored but that does not mean they approve Bitcoin, they only monitor Bitcoin because it is possibly misused by criminals.

[Artemis3]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Bitcoin was approved by Japan in 2014, only 5 years after its introduction (2009 not 2007). Therefore what you said is a lie, and with what purpose i wonder. Given your status and number of messages in this forum, i can only imagine what your objective is.

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

TL;DR: You lie.

[famososMuertos]

Let's ignore your writing or mental error.

Whatever,
It does not matter who approves or who does not, The Bitcoin Core, in its RH^btc factor is circulating and not even viruses knock it down. its white and orange globules are enough for now.

...//...: 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

One should always take the trouble to cite the source, there are several but I will take this one: https://www.theguardian.com/technology/2018/jan/10/bitcoin-and-cryptocurrencies-will-come-to-a-bad-end-says-warren-buffett

I like the old man, he has his charm.
Mr. Warren Buffet, that comment using the sense of premonition, just, Ok!

And just ok! because a comment does not hurt, but it seems that every time a bitcoin confirmation occurs, some suffer from a headache.
I am happy, how everything is going with bitcoin.

[JakobFugger]

What you really need to understand, is the power that being able to print your own money has. That's why there are so many currency. We live in a world of financial leverage. Printing today means controlling the basic interest rate of your economy, The government's ability to borrow at the rate it wants. Control the population's purchasing power. Control imports and exports.

It becomes very difficult to have a caged beast like Bitcoin, free in your country. The government loses that power and needs to create other instruments if it wants to continue to have that control.

That said, Bitcoin can only become a currency with great circulation in a country if society does so. Society needs to start seeing its advantages and freedoms. It is the power that breaks borders and diminishes governments, especially those that are excessively controlling.

[Ridwan Fauzi]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Approved by what?

My country has been accepting bitcoin as a commodity, I can freely use bitcoin as a source/side income, it means the government has approved bitcoin. And this thing has happened in most countries, indeed there is still a few countries who accept bitcoin as means of payment system, but it is just a proccess bioin will be accepted by most people if they know it. As for now, the people still doubt to bitcoin, they still indifferent to bitcoin but who knows in the future ? I bet they will accept it.

[bobyhodob]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Approved by what?

My country has been accepting bitcoin as a commodity, I can freely use bitcoin as a source/side income, it means the government has approved bitcoin. And this thing has happened in most countries, indeed there is still a few countries who accept bitcoin as means of payment system, but it is just a proccess bioin will be accepted by most people if they know it. As for now, the people still doubt to bitcoin, they still indifferent to bitcoin but who knows in the future ? I bet they will accept it.

unfortunately there are still some countries that cannot accept or legalize the use of bitcoin so I think it still takes a very long process to make all countries accept bitcoin properly. actually there are many who use bitcoin but they are still only for known people, cannot generally use bitcoin as a legal payment.

[Wexnident]

Allowing it's existence is approval in of itself already, there's absolutely no need for the government to parade on how they would like to accept Bitcoin mainly due to the fact that it's existence itself has no governing body. Sure, if someone were behind Bitcoin, then talks would be on it's way and governments would probably file a contract that would bring profits in for them, but there's no one to talk to. They may ban it since they don't particularly like how it's decentralized system is, but as for allowing it? As long as it isn't banned, you can consider a country to allow it's usage imo.

[Traderbtcc]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Actually it was launched in 2009,if what you mean by approve means adopting bitcoin and making it their national currency, I'm not sure that ever gonna happen, the government will never accept a decentralized currency,they dislike anything decentralized, the government would have adopted bitcoin if it was a centralized coin which they can control and regulate, but sadly its not,so I don't think that's gonna  happen anytime soon.

And in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Whatever he said about bitcoin is none of my business, bitcoin is the new technology for the future, and I will always brace the future anytime, any day.

[bitzizzix]

Perhaps the main reason is the fear of these countries about the volatility and uncertainty of digital currencies which are very risky, and besides the fear that digital currencies are used to finance terrorism and other crimes.
I personally live in the country where I live as long as I can use or own bitcoin for me for whatever reason I don't care, even though I can't use bitcoin as a transaction tool I can still use it by exchanging it for fiat for any use.

[abhiseshakana]

Oh no, Japan law recognising Bitcoin as legal tender, Swiss public transport and municipal tax payable in Bitcoin, universities accepting Bitcoin as fee payments, hell, regulated and licenced merchants accepting all my bitcoin all these years... Fake news? Where have you been OP?

Bitcoin penetration in Japan is very good. As we know that Japan has been trapped in a downward spiral of deflation for decades, this has made the economy in Japan less excited. Japan decided to adopt bitcoin as an alternative to facing Japan's economic problems, because of the benefits it received from bitcoin trading, spurring people's income and in the end, it could strengthen the desire for consumption which would boost Japan's GDP.

In addition, Japan took the momentum when major countries in Asia rejected bitcoin, so that many bitcoin investments entered Japan, as evidenced by bitcoin trading with Yen, the second largest in the world. The main target for the adoption of bitcoin in Japan as a legal tender is to change the consumption pattern of the people from like to save to like to invest and spend, which in the end could be a solution for deflation in Japan.

https://www.coinhills.com/market/currency/

[rodskee]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

it's 11 years to be precise mate,and expect the unexpected because government won't earn from decentralized market and Bitcoin is certainly one of those so approving will take time to be implementing.

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Do you believe in Warren Buffet?then if you does better leave this forum now because you are not contributing here instead creating FUD.

seems like you are not into this forum and so as the forum for you.

[affandi]

looks like you're frustrated ...? It is not easy for the government to accept the existence of bitcoin and the reason is quite clear, "the government cannot control bitcoin".
the figure of a warren buffet is indeed very famous in the world, but would you just believe it with all the predictions?
come on guys, bitcoin is under development, everything needs a process. at least now we can use bitcoin for short and long term investment and also for trading, don't waste all of this.

[Coroline]

Approved by what?

Maybe the OP meant legalized. Because we know, that not all countries legalize the existence of Bitcoin, even though some do. So when a country accepts Bitcoin as an alternative means of payment, everyone in that country will be curious about Bitcoin and start trying to use it, so the volume of Bitcoin transactions will increase as a whole.

[Francis Freeman]

Approved by what?

Maybe the OP meant legalized. Because we know, that not all countries legalize the existence of Bitcoin, even though some do. So when a country accepts Bitcoin as an alternative means of payment, everyone in that country will be curious about Bitcoin and start trying to use it, so the volume of Bitcoin transactions will increase as a whole.

Yeah I think the OP means the government officially recognising Bitcoin as a method of payment . If that happens it would create huge awareness for the people about crypto currency.

But the government are hesitant to do so as it will undermine the financial ecosystem which they are controlling right now.

[taufik0911]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

A lot of countries approved it, but isn't considered money. But in countries like Mexico you can legally buy them and sell them and only pay tax over the profit.

I don't think countries will see bitcoin as money. That could bring enormous problems to the economy, that's why it's legal as an inversions instrument.

almost many countries legalize bitcoin as an asset instrument but there is a ban on using bitcoin as a means of payment because it will be very detrimental to the state in the circulation of a country's money which can make a country into inflation or deflation

[Lorence.xD]

Some countries have already permitted bitcoin and many countries are thinking to permit it. The most successful matter of Bitcoin is that it has become a matter of thinking for all over the world; some are thinking positively and some, thinking negatively and some are neutral. You see that what was the position of bitcoin at the time of starting, five years ago and now. Surely it has tremendously progressed. Its users, traders and  investors have greatly increased. So, I think, there has less possibility of ending Bitcoin.

They did accepted it but I think a stink eye is still lingering in regards to bitcoin permission to be used in their country. If my financial institution is threatened by something that liberates the masses from crippling debt and I know for a fact that they are still not planting deep roots in the nation's financial institution. The most rational thing that I will do is try to influence people in power to make strangling regulations that could make the competition disappear behind the curtain or worse make the people that they are helping turn their back against them.

[maxig.boroday]

Ofcourse they wont approved a decentralized coins where they have no control at all

[culuuton]

They disapprove but they also don't strictly ban it, so things are going well. Some experts including Warren Buffet, they also emotionally predictable, no one can know the specific and exact future development of bitcoin.

[gabbie2010]

The use and adoption of Bitcoin does not necessary need the approval of any government because of its decentralized feature, government can only regulate it, any individual, organization, company or store might adopt the use of Bitcoin as an option of payment without government interference, in the nearest future many countries will the see the benefit of adopting bitcoin due to its transparency usefulness of its blockchain technology in solving many problems.

[verita1]

I agree that is what will happen. Countries will be adopting Bitcoin because people will be creating demand and governments will have to seize the moment and the benefits of introducing it into their economies.
I think there is no country that Bitcoin is not known for, what we need is for more people to know about bitcoin and how they can introduce it into their daily lives.