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Author Topic: What is Bitcoin? Will Bitcoin be traded in all countries in 2025?  (Read 802 times)
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June 09, 2021, 02:45:54 PM
 #21

Bitcoin is the first cryptocurrency, and bitcoin has gained large popularity in recent times with the coming of blockchain technology. Bitcoin is traded all over the world against the dollars and other centralized commodities in the stock exchange.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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June 09, 2021, 02:54:17 PM
 #22

Since bitcoin is indestructible, I think its growth and adoption in 2025 and beyond will continue to grow and expand every year around the world in some countries that are not yet involved with bitcoin, although so far bitcoin is valid and already traded in several countries and will be thorough.
we don't know the future and what we see every year bitcoin is growing and developing well and involvement is increasing in all circles, although there are still some countries in conflict with bitcoin but can't stop bitcoin and there will be no effect because over time there will be some new countries to be involved.

 
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June 09, 2021, 02:57:26 PM
 #23

What is Bitcoin? Will Bitcoin be traded in all countries in 2025?
Bitcoin is the most advanced virtual reality that has become the most popular around the world.
Although this bitcoin is banned in some countries, most countries in the world have licenses to buy and sell bitcoin.
Countries where bitcoin transactions take place are being recognized as superior countries.
So I think all the countries that have been banned, those countries, if the ban on bitcoin or virtual coins is lifted, then those countries will move forward.
That is why the value of Bitcoin will go out even more.
The advantage of Bitcoin is -
Big companies can transact with Bitcoin very easily and securely. It will also increase their time and will be safe.
For this reason, the transactions of Bitcoin will increase a lot by 2025.
Bitcoin isn't technically virtual reality because it's not like you can wear a headset and see it. But it is a virtual currency that can be used in reality. Answering your question, I agree with those assuming that Bitcoin is already traded in most if not all countries if what counts is any amount of trading. However, it's traded more in some countries than others. I also think that the number of transactions doesn't increase significantly through trading because trading is done instantly on an exchange without on-chain transactions (otherwise every buy/sell order would take at least minutes and some substantial transaction fees). At the same time, as more people start using Bitcoin or start using it more actively, the number of transactions rises, and the fees become problematic.

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June 09, 2021, 03:04:20 PM
Merited by The Sceptical Chymist (3)
 #24

Bitcoin already tradeable in different countries and I think only few countries still not accepted it. But I think that's not a problem because sooner or later they will also adopt and use bitcoin and other crypto currency. The problem is when bitcoin will become legal in different countries so that everyone will have no doubt about it and can be use bitcoin without fear.
Find more information about the legality of bitcoin in different part of the world in this article. I'm sure you need to read it.
Legality of bitcoin by country or territory


I'm not sure how many countries don't allow their citizen to trade bitcoin while others allow it without being allowed to use it as a mean of payment/ legalize it as a mean of payment. But I have no doubt that we will have more countries that will pass laws to use bitcoin as legal tender in the future. Meanwhile, bitcoin transaction can be carried out in any country regardless of the regulation that stop you from trading them and that is quite possible because we have more options to do so when there are many services to be found. So, bitcoin 2025 will still be traded and its adoption as legal tender may be much more.


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June 09, 2021, 03:06:47 PM
 #25

To be honest, if people will be more open-minded when it comes to cryptocurrency which is shaking the world recently due to that there are so many people who are getting rich here by just trading and investing in cryptocurrencies such as bitcoin. Bitcoin is the famous virtual currency today including Ethereum and dogecoin who is being hyped by Elon Musk so if we will be looking forward to what would happen for the next 5 years then probably there's a huge possibility that in the year 2025 all countries are trading Bitcoin.



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June 09, 2021, 05:12:31 PM
 #26

To be honest, if people will be more open-minded when it comes to cryptocurrency which is shaking the world recently due to that there are so many people who are getting rich here by just trading and investing in cryptocurrencies such as bitcoin. Bitcoin is the famous virtual currency today including Ethereum and dogecoin who is being hyped by Elon Musk so if we will be looking forward to what would happen for the next 5 years then probably there's a huge possibility that in the year 2025 all countries are trading Bitcoin.
- - The issue that should be considered here is only legal and illegal because from the investment and trading activities of bitcoin, I see the number of participants in many different countries, Bitcoin's network is already traded and exchanged in countries, no need to wait a few more years. However, the popularity of bitcoin is not bringing acceptance from the government, the goal that many are expecting is a legal rule and a few years from now may be the light on this matter, currently, the resistance from the government is still too great


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June 09, 2021, 05:21:54 PM
 #27

What is Bitcoin? Will Bitcoin be traded in all countries in 2025?
Bitcoin is the most advanced virtual reality that has become the most popular around the world.
Although this bitcoin is banned in some countries, most countries in the world have licenses to buy and sell bitcoin.
Countries where bitcoin transactions take place are being recognized as superior countries.
So I think all the countries that have been banned, those countries, if the ban on bitcoin or virtual coins is lifted, then those countries will move forward.
That is why the value of Bitcoin will go out even more.
The advantage of Bitcoin is -
Big companies can transact with Bitcoin very easily and securely. It will also increase their time and will be safe.
For this reason, the transactions of Bitcoin will increase a lot by 2025.
Bitcoin is already being traded all in world, maybe you mean widely adopted as a currency, in that case it is diffficut beacause the world is ruled by the rich and the big companies that decide wether a currency drops or rises, and for them bitcoin is a decentrelized and hard to control its price because it is not owned by one entity, and alos because they just arrived to the party a bit late where they can't hold over the majoprity of it, but there are a few ones that have started to see its potential and started to invest in it, so for bitcoin to become a major currency maybe, will it become the number one investment that is for sure.
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June 09, 2021, 06:35:53 PM
 #28

Bitcoin is already traded p2p in every country of the world despite all the bans and regulations governments and dictators have, but my prediction is that most country will adopt Bitcoin the same way like they adopted gold.
By 2025 Bitcoin will probably be used as backup for main currencies and it would be much easier and faster to trade with Bitcoin than it is with gold.
People need to realize that nobody can stop them if they want to separate money from state and use Bitcoin for that.

Actually, the government can stop their respective citizens from using Bitcoin for anything in their respective countries. With growing demand, many countries are planning their centralized crypto. Hence, Bitcoin to be used as backup currency is tough enough to happen. Also, another reason is the price fluctuation which will stop many to use Bitcoin as a currency.
But obviously, it will be traded to earn profits rather than using to transact or use it on daily basis on every purchase. I just hope no country puts a ban on any cryptos.

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June 09, 2021, 06:45:38 PM
 #29

Actually, the government can stop their respective citizens from using Bitcoin for anything in their respective countries. With growing demand, many countries are planning their centralized crypto. Hence, Bitcoin to be used as backup currency is tough enough to happen. Also, another reason is the price fluctuation which will stop many to use Bitcoin as a currency.
You obviously have no idea what are you talking about.
Nobody can stop you to use Bitcoin and exchange it p2p with other people around the world, and as for Bitcoin being a backup asset just wait and see when all South America does just that, and other countries following them.
Government for sure can suggest you to do a lot of stupid things, but it's people who accept of refuse stupid suggestions, while sheep are blindly following orders.

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June 09, 2021, 09:06:08 PM
 #30


if we look at the current development of bitcoin, it is not impossible if in 2025 bitcoin is traded in 2025, apart from several countries that now prohibit bitcoin because of personal interests, I think bitcoin will continue to grow.
and what do you still doubt about the rapid development of bitcoin,
ten years may seem long to you but with a chart like that I have no doubts about bitcoin

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June 09, 2021, 09:12:03 PM
 #31

I don't understand what you mean here, why are you so interested in the next few years? lots of posts about 2025, 2030 etc. what are you really looking for there?
why bother thinking far ahead when you don't think about the present well.
if you feel bitcoin now doesn't guarantee you so you wait a few years at least you need to rethink about this.
it's very good when we see and make plans for the next few years but don't get too hung up take action starting now don't just talk about theory

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June 10, 2021, 01:29:01 AM
 #32

At present, most countries should allow the transaction of Bitcoin, but some countries are still banning Bitcoin. Some countries have recognized Bitcoin as the legal tender of their own countries. I think one day in the near future, more and more countries will recognize Bitcoin.
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June 10, 2021, 04:27:35 AM
 #33

I think no. We are now at 2021 4 years more to officially touch 2025. What I mean short time to make Bitcoin available to trade globally.

Maybe 10 or 15 years more and we could see Bitcoin tradable in many countries. Although it depends to the country and citizens like what El Salvador did.

By 2025 there still places that will not embrace Bitcoin.

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June 10, 2021, 05:56:01 AM
 #34

Actually, Bitcoin is already traded in all countries except those that have made it illegal but they probably used to trade it there anyway.

I mean, Bitcoin doesn't have to be traded in all borders anyway, since it is borderless. If you wanted, you could trade it right now in Antartica, you just have to go there and buy/sell to someone else next to you:)

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June 10, 2021, 06:13:27 AM
 #35

Maybe one day Bitcoin can become a currency recognized by all countries in the world, but I think it will take a long time. I don't think this can be achieved in 2025. First of all, there are still many countries that still oppose Bitcoin, such as China. China adopts a strict regulatory approach to Bitcoin mining and trading. And the price of Bitcoin is still very unstable. If you want to be a currency, I think this problem must be solved first. Because no merchant will be willing to accept a currency that may fall sharply tomorrow.
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June 10, 2021, 06:48:24 AM
 #36

Actually, Bitcoin is already traded in all countries except those that have made it illegal but they probably used to trade it there anyway.

I mean, Bitcoin doesn't have to be traded in all borders anyway, since it is borderless. If you wanted, you could trade it right now in Antartica, you just have to go there and buy/sell to someone else next to you:)

I actually believe it's probably been traded in every habitable country in the world -- whether on-chain or off-chain. P2P trades happen all the time off chain too especially before, and maybe in the future with fee spikes etc, this might happen more too (off chain, so just handing over private keys or even wallets between trusted parties).

Even where it's illegal now, people are trading it p2p:)

I travelled to some places I thought might not see sellers but even South Sudan I recall, the world's youngest country, at the height of their civil war in 2015, had one sole trader open on Localbitcoins;)


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June 10, 2021, 07:08:40 AM
 #37

What is Bitcoin? Will Bitcoin be traded in all countries in 2025?
Bitcoin is known worldwide already but most doesn't know how and why it exists or they have limited knowledge in regards to this digital currency. It's hard to predict if it will be traded on all countries during that time period but I'm positive that country that allows it will increase more from now.
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June 10, 2021, 07:26:00 AM
 #38

What is Bitcoin? Will Bitcoin be traded in all countries in 2025?
Bitcoin is known worldwide already but most doesn't know how and why it exists or they have limited knowledge in regards to this digital currency. It's hard to predict if it will be traded on all countries during that time period but I'm positive that country that allows it will increase more from now.

The internet and social media helped make Bitcoin even more popular. Therefore, in just a decade Bitcoin has been able to attract many large
companies to invest. This proves that Bitcoin is already known by almost everyone who can access the internet. But sadly, few people understand
how Bitcoin works, so there are always people who are hesitant to invest in Bitcoin. It still needs a lot of education and promotion so that Bitcoin
can be traded in all countries of the world, I still doubt that in 2025 all countries in the world can accept Bitcoin. If we see that there are still countries
that prohibit Bitcoin trading, we still need a little longer I think for the whole world to accept Bitcoin. But it must be admitted that countries that
accept Bitcoin will continue to grow.

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June 10, 2021, 08:47:44 AM
 #39

Bitcoin is not something new anymore in business circles. and the digital economy. I believe bitcoin will continue to expand the reach of the community and there will be many company and new bussiness that will using crypto as their payment option. the thing that i beleve is crypto will most used digital payment option in internet someday.
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June 11, 2021, 03:48:27 AM
 #40

It is already available in almost all countries. You can buy it with your credit card.

Bitcoin is accessible in free country but super restricted in some country. Big and inappropriate tax destroyed the pocket of Btc holders. If someone is from free country they can buy Bitcoin and hold until reach to the moon. Bitcoin is good for long time hold.

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