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Author Topic: 12 years and no country has approved Bitcoin ??  (Read 1347 times)
coolcoinz
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October 11, 2020, 10:33:58 AM
 #81

What do you mean by approved? The way I see it, if something is legal it also is approved. Up to thispoint at least half of the countries around the world have recognized Bitcoin as an investment or a financial instrument. I don't understand what OP is ranting about, but you can go to almost any EU country and be able to trade Bitcoin, use a Bitcoin ATM, be able to report a bitcoin theft to the authorities...

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October 11, 2020, 11:00:26 AM
 #82

:)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" Smiley

10 years and no country has approved Bitcoin ??
23 February 2018, 14:01:58
   
Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ??   Huh

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

Whether it's the same user who just c/p their old posts with minor changes, or it's plagiarism, I have no doubt that the OP should think deeply about his actions and read the forum rules. Low quality topics do not belong here.

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October 11, 2020, 11:47:49 AM
 #83

:)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" Smiley

10 years and no country has approved Bitcoin ??
23 February 2018, 14:01:58
   
Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ??   Huh

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

Whether it's the same user who just c/p their old posts with minor changes, or it's plagiarism, I have no doubt that the OP should think deeply about his actions and read the forum rules. Low quality topics do not belong here.


Came to find out after 5 pages of this thread, he just copied his post to someone else's.  Roll Eyes  Also, as others already stated, it doesn't mean that bitcoin is illegal if the government has not approved the usage of it.

Take a look below articles and you can see the global map about the status of bitcoin around the globe. From the overview of it, all the colored green are countries having bitcoin as legal entity. So btc is actually not doing bad after more than a decade of its existence.
 
https://cryptonews.com/guides/countries-in-which-bitcoin-is-banned-or-legal.htm

https://www.mitrade.com/forex/crypto/crypto-market/is-bitcoin-legal

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October 11, 2020, 12:24:04 PM
 #84

Ahh, good old Warren Buffet. A man that I was told to respect when I was a child. A man that I did respect until I found out what a lying 2 faced pony soldier he was. He campaigned against the oil pipeline saying it would spill oil when the reality was that his rail lines have more oil spills than the pipeline would likely incur. He also champions curbing green house emissions but has no problem flying everywhere in a private jet.

People only listen to him because he has money and can move the market.
And because people listen to these people on the pure basis that they have money and can move the market is where the heart of the problem lies. The more people give in to these people the more they empower them, and thus encouraging them to continue doing what the've always done, and that's blubber for the sake of public facing and getting coverage. Because once someone said, bad press is better than no press at all - you can probably guess who that person is.

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October 11, 2020, 02:08:18 PM
 #85

This just proves that bitcoin has been decentralized for 12 years. This is a good trend for crypto.
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October 11, 2020, 02:14:12 PM
 #86

:)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" Smiley
Bitcoin is a decentralized cryptocurrency, The country can't control of bitcoin, there is no way the country can approve or make bitcoin be the national currency in a country. If you believe in Warren Buffet, that's your right. but I don't believe it.

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October 11, 2020, 02:16:55 PM
 #87

What I know now is that many countries are Approving cryptocurrency.
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October 11, 2020, 02:34:31 PM
 #88

This just proves that bitcoin has been decentralized for 12 years. This is a good trend for crypto.
it is almost 11 years and not 12 years mate,but yeah Bitcoin is still strong being decentralized and this is what we all want to prove here.
What I know now is that many countries are Approving cryptocurrency.
approving but not accepting as a currency and this is what OP is pointing though it is impossible to happen for now until government of the world accept that they can allow even it is decentralized.

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October 11, 2020, 05:32:58 PM
 #89

I think bitcoin is very difficult to be accepted by governments as a currency. Bitcoin is decentralized and nobody can govern it, governments don't like it.
Perhaps in the future bitcoin will continue to act as an asset rather than a currency.
It can't be officially announced or accepted as a currency but allowing their people to use this is good enough to say that we are even closer to their approval. It was not a hard push for everyone to consider Bitcoin as a legal currency that we can buy stuff either online or offline. No, it is not, Bitcoin is intended only for the online platform and so country leaders would hardly to decide and accept it.

Look at OP, Warren Buffet have to sense at all. he is now living on his unreliable statement that no one will able to trust him and believe what he says. So better to unfollow him, it is not helping you to understand crypto.
Governments still accept bitcoin as an asset, they don't accept bitcoin as a currency. This has been around for a long time and shows no signs of improvement, partly because the government is unable to regulate bitcoin partly due to its constant price volatility.
I think it takes a very long time and a lot of effort for bitcoin to be accepted by the government.

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October 11, 2020, 06:03:45 PM
 #90

There are so many country are done the regulations on bitcoin to use, for the example ( Japan ) and more. but still any country can't approve the bitcoins as a currency due to to many reasons like bitcoin is a decentralize and more. But I hope we can see more counties can launch their own crypto currency in future as what chain did.


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October 11, 2020, 07:54:22 PM
 #91

...and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly" Smiley
May be in the next five years from now Warren Buffet will find it necessary to take back his word on that.


On the Bitcoin journey so far, I think we are gradually getting there. I am of the opinion that good things don't come cheap. Come to even think of it, the Bitcoin idea will take away financial power from the government and place it in the hands of people we don't expect government to speedily do anything positive to aid its adoption.

This just proves that bitcoin has been decentralized for 12 years. This is a good trend for crypto.
Yes, 12 years and still counting. Cryptocurrency in a budding industry that has come to stay. Greater things ahead.

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October 12, 2020, 03:32:30 PM
 #92

Bitcoin is a decentralised currency.So this is very natural that no government will approved bitcoin as they can not control it by themselves.now second answer is,People around the world has different mind and thoughts.It was his thought but
undoubtedly it was a wrong assumption because bitcoin is still here and leading the crypto currency.

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October 12, 2020, 06:22:35 PM
 #93

:)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" Smiley
I think you are completely missing the point, bitcoin doesn't need approval of governments or banks, that is the whole point, if they decide to approve it then that is fine with me, but if they do not then who cares? You can still use it in whatever way you want as long as you keep your mouth closed, bitcoin is the currency of the people and it is way better than their fiat counterparts, this is why governments feel threatened, this is why they cannot accept it because if they do they will lose a  great deal of their power.

For the first time in history you can safely store your money without the need of a third party and move it between countries without anyone noticing it, this has the governments scared but at the same time they realize they cannot destroy it even with their best efforts.
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October 12, 2020, 07:19:42 PM
 #94

:)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" Smiley
We cannot easily say that because there is a lot of companies that took long time to get succeed and it is like bitcoin that will make a good performance if the number of users gets high since the demand will also get higher. If all of us is responsible enough to the point that we promote bitcoin to our friends and families then bitcoin will surely prove its success earlier. Just like on one article i already read "https://www.entrepreneur.com/article/272710". Those who works on the company just promotes the product and make the demand higher and after that, they prove their worth.

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October 12, 2020, 07:54:28 PM
 #95

People only listen to him because he has money and can move the market.
Good Old Warren Buffet would do anything to move the market in which he heavily invested and that is his talent and that is how he made his billions. Warren Buffet is not a big fan of cryptocurrency and bitcoin and you cannot blame him as he has no idea how the market revolves when you compare how the stock market moves as it is a global market and he or anyone cannot single handedly manipulate the market unless you take the risk of loosing big time, but when it comes to stock market he just need to understand the US market and can determine and manipulate the market.

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October 12, 2020, 08:55:56 PM
 #96

Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind.

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October 12, 2020, 11:30:34 PM
 #97

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


  Bitcoin might not be approved yet, but it generates incomes that most countries can't afford. So patients it's a key, all good things don't come easily.

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October 12, 2020, 11:45:06 PM
 #98

:)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" Smiley
Bitcoin is not launched in 2007 but officially launched in 2009 by Satoshi Nakamoto.
In fact, his prediction is wrong, it is 2020 right now and BTC still goes up. The price of BTC is still volatile and will never be stable. But the value of BTC is increasing, many more people interested, and also get in the BTC.
And how can you believe in that kind of prediction? I think that the prediction is only for those who lose much in BTC.

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October 12, 2020, 11:57:15 PM
 #99

Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind.
Bitcoin is a decentralized currency so there is no need for a government to backed it up. Although its hard for bitcoin to become a global currency, having it as a alternative currency and a very good investment is already a good achievement for bitcoin. There are already few countries who have been supporting bitcoin but not using bitcoin as their main currency, only a good alternative mode of payment.




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October 13, 2020, 12:11:00 AM
 #100

Look at it now, its now in the process of becoming an alternative solutions for fiat payments that takes long to complete within 5-7 business days. Even big companies such micro strategy and square including Fidelity has launched a Bitcoin investment futures and ETF's making it accessible to Institutional investors.

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