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Issa56
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August 18, 2021, 10:00:34 PM
 #61

Seriously I believe bitcoin is just being to gain popularity I believe in the nearest future bitcoin is going to be used for most things and it will be accepted in most places I believe bitcoin is not effective now. Countries banning bitcoin is not really my problem I believe time will come when they won't also have choice than to just accept bitcoin they can't countinu to ban bitcon because the youth now really believes in bitcoin so in the future everybody will just have to adopt bitcoin.

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August 18, 2021, 10:23:04 PM
 #62

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
Bitcoin is currently not 15 years old, or exactly 12 years since its emergence in 2009, And maybe what you say is true. Currently, only a few people know Bitcoin, or it can be said that the younger generation knows Bitcoin.
And in a period of 50 to 100 years, it is certain that Bitcoin will be known by all humans on this earth, and that's when Bitcoin and Cryptocurrency will be really effective in their use.
Regardless of the people's ages, bitcoin is already effective when it comes to investing and trading. But since bitcoin will be more effective as a currency, then all ages of people should be more aware and inclined to it.

For now, we cannot expect this to happen as only few countries have been adopting it its still less effective. But as soon as the rest of the countries who put restriction in bitcoin at first, will create changes and so it may lead to a more useful usage of bitcoin. Although its hard for it to replace fiat, but bitcoin being a reserved currency is already a big achievement.
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August 19, 2021, 04:16:27 AM
 #63

Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.
Some country’s opinion is Bitcoin is illegal, this is a Virtual currency, nobody can touch it, also nobody can tracking their transaction and for this reason people will abuse it in many anti-social activities. So some country Banned Cryptocurrency, but it is correct that they haven’t any good idea about Bitcoin or Crypto-currency.       

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August 19, 2021, 05:05:37 AM
 #64

Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.
Some country’s opinion is Bitcoin is illegal, this is a Virtual currency, nobody can touch it, also nobody can tracking their transaction and for this reason people will abuse it in many anti-social activities. So some country Banned Cryptocurrency, but it is correct that they haven’t any good idea about Bitcoin or Crypto-currency.       
It's a normal thing that happens when there is a change in the times, there will always be pros and cons, although later they will also be considered, because we know we can't resist the development of the times in any way, but indeed this requires a long process to be relevant to the conditions at that time.

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August 19, 2021, 05:54:26 AM
 #65

The government bans Bitcoin because they are aware of the importance and value of Bitcoin, but the decentralization of Bitcoin prevents it from being controlled by anyone, and the government cannot manipulate funds to profit from it. If they cannot profit from it, they will ban it.

With the development of Bitcoin, some countries have also changed their attitudes and begun to accept it. People's acceptance and recognition are also increasing. Bitcoin still has great potential and will be more effective in the future.
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August 23, 2021, 11:47:22 PM
 #66

The way Bitcoin is growing in popularity, it can be said that Bitcoin will be the most popular and accepted by the public in the future. Nowadays day by day all classes of people adjusting themselves with bitcoin and others online cryptocurrencies.
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August 23, 2021, 11:53:52 PM
 #67

Governments do have a different view of the existence of bitcoin in the first place and I don't believe that they don't know about the uses and advantages of bitcoin itself and have looked into it or are more focused but their final conclusion on bitcoin is banning or blocking it around them.
We don't know what the future holds or what will happen along the way not only with Bitcoin itself but in other cryptocurrencies as well. so be patient just follow the flow where bitcoin will go
Since bitcoin becomes a threat to fiat and its old financial system, then eventually it will be the cause of banning and strict restrictions were imposed on it. But things don't happen on what they expected. Instead, bitcoin has even gained more interest from those people who are tired from using the high inflation fiat. And even big companies have started to see the potentials of bitcoin and have adopted bitcoin into their transactions.

Bitcoin has become more successful and effective along with time. Although legalization is still not yet observed in some countries, but we know exactly that bitcoin has improved a lot and and it will be more progressive in the near future. With more interest and usage from all over the world, then its legalization and adoption will become more possible.



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August 23, 2021, 11:55:35 PM
 #68

Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.
Some country’s opinion is Bitcoin is illegal, this is a Virtual currency, nobody can touch it, also nobody can tracking their transaction and for this reason people will abuse it in many anti-social activities. So some country Banned Cryptocurrency, but it is correct that they haven’t any good idea about Bitcoin or Crypto-currency.       

They declare it as illegal since they don't know how its technology works also they maybe see it as a threat due to many scams happen using bitcoin nor in their financial ecosystem but time will comes that many country will adopt it as bitcoin is continuously booming around, For sure the trillion dollar cap of cryptocurrency will make those govern bodies that its worth to adopt changes due to possible millions of taxes they can get from this industry.

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August 24, 2021, 03:29:18 AM
 #69


The government banned bitcoin because the decentralization of bitcoin is opposed to the traditional financial system. They cannot control user funds, which is detrimental to their own interests.
But with the increasing influence of cryptocurrency in society, more projects related to cryptocurrency have emerged. More users are aware of the value and benefits of bitcoin, and their demand for it is also increasing, and bitcoin's popularity will become higher and higher.
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August 24, 2021, 10:36:20 AM
 #70

Yes bitcoin will be very effective in future it will definitely change lot of things even now everyone knows about bitcoin but using them in everyday will take time so we can use bitcoin and other cryptocurrency in our daily life in our future probably not now because some country banned it in political side it's different right we are progressing but sometimes some people don't understand about it that's why it's taking lot of time or else it could have been efficient now.

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August 27, 2021, 03:05:23 AM
 #71

I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin.
The government banned Bitcoin because it is opposed to the traditional financial industry. Bitcoin is decentralized and is not controlled by the government, while fiat currency is controlled and protected by the government. If the government allows the use of bitcoin, they cannot control the funds or benefit from it.
They know the value and importance of Bitcoin. I believe will be more effective in the future.
Over time the development trend of cryptocurrency and bitcoin is getting better and better. Bitcoin brings a lot of benefits and freedom to users, and people's recognition and demand for it are also increasing. Now more people are aware of the value of bitcoin and invest in it instead of cryptocurrency. The future development of bitcoin has unlimited potential.
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August 27, 2021, 05:22:40 AM
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Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.
Some country’s opinion is Bitcoin is illegal, this is a Virtual currency, nobody can touch it, also nobody can tracking their transaction and for this reason people will abuse it in many anti-social activities. So some country Banned Cryptocurrency, but it is correct that they haven’t any good idea about Bitcoin or Crypto-currency.       

They declare it as illegal since they don't know how its technology works also they maybe see it as a threat due to many scams happen using bitcoin nor in their financial ecosystem but time will comes that many country will adopt it as bitcoin is continuously booming around, For sure the trillion dollar cap of cryptocurrency will make those govern bodies that its worth to adopt changes due to possible millions of taxes they can get from this industry.
I think on the contrary, they know the technology of bitcoin and how it works. They declared it illegal because they found no way to control it. Surely in the future, they will have to change that statement. The tax that cryptocurrencies generate is not small and they will not ignore it.

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August 27, 2021, 06:30:17 AM
 #73

Bitcoin technology is one of the innovations that is very decentralized and is able to give full freedom to its adopters, their governments certainly know what bitcoin has to offer so some of them don't want to accept bitcoin in their country, because basically their government never likes a decentralized system.

A decentralized system is certainly very dangerous for the country's economy, there will always be troublemakers and speculators who will make prices like a roller coaster and this of course creates a lot of problems, cryptocurrencies are something else and cannot be equated with the function of fiat currency.

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August 27, 2021, 06:51:09 AM
 #74

Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
Bitcoin is currently not 15 years old, or exactly 12 years since its emergence in 2009, And maybe what you say is true. Currently, only a few people know Bitcoin, or it can be said that the younger generation knows Bitcoin.
And in a period of 50 to 100 years, it is certain that Bitcoin will be known by all humans on this earth, and that's when Bitcoin and Cryptocurrency will be really effective in their use.

I don't think it's necessary to wait 50 or 100 years for everyone to know bitcoin, I'm sure if bitcoin reaches the price of $ 1 million then 90% know bitcoin, to think 100 years is too far, maybe there is a better payment system and replace bitcoin.
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August 27, 2021, 08:00:56 AM
 #75

right they should not blame them but instead let us educate them , tell them that this are the use of btc and if they learned a lot already , thats gonna be the time that they will start accepting btc .
 i cant only not understand how can someone access bitcoin if its banned in their country ? and isnt that risky , what if they got caught ? if i were them i will just wait for the proper legalization of btc because that will surely occur in all of the countries .
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August 27, 2021, 08:11:19 AM
 #76

Although currently, there are mixed and skeptical forecasts but I firmly believe that bitcoin and crypto will become an indispensable thing for the world in the future.  Bitcoin is exactly going to change the entire financial world.

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August 27, 2021, 02:38:35 PM
 #77

Although currently, there are mixed and skeptical forecasts but I firmly believe that bitcoin and crypto will become an indispensable thing for the world in the future.  Bitcoin is exactly going to change the entire financial world.

The signs that bitcoin can become money globally is getting clearer, we can see that bitcoin user data continues to increase until it reaches hundreds of millions of active users, this always makes me optimistic that the future of the global financial system is bitcoin.
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August 27, 2021, 02:52:09 PM
 #78

Most likely, the opposite is true. Over time, bitcoin technologies will become obsolete.

I think so, let's not be too optimistic that bitcoin and crypto can last for a long time, I'm sure there will be better substitutes than bitcoin, but as long as bitcoin is still profitable then we will be here.
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August 27, 2021, 03:03:45 PM
 #79

BTC definitely will be more effective. We're still early in crypto. But we having a big adoption processes and more people are starting to buy or at least read and learn about crypto.
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August 27, 2021, 03:47:35 PM
 #80

bitcoin will be more effective in the future, bitcoin for the future may still be the same as this year, because I think that at any time there will be pros and cons, because government policies that still prohibit citizens from using bitcoin, may continue in the future, for various reasons, it could be against the government system, sometimes the government is also afraid, because the government cannot control the income of its citizens.

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