First thing i will do if Bitcoin become legal tender globally

[franky1]

The way I. Looking at it, I don't think Bitcoin would ever be generally excepted looking at the way way many countries had been antagonizing the adoption of Bitcoin. There are some countries who had already bam Bitcoin activities including mining and investing in Bitcoin. It is just too bad for now that the government are planning to regulate Bitcoin which is against the original goal why it was invented.

the BIS GHOS (bank of international settlements governors/supervisors) set the main rules of central banks reserves, collateral and settlements
they have a draft to allow central banks to invest upto 2% in decentralised cryptos like bitcoin. (the banks first petitioned the BIS for 5% but the BIS conceded to allow 2%). this wont become their policy until 2025. but is a sign that central banks(nations government banks) want bitcoin
(they have separate %/categories for other cryptos like stable coins)

https://www.pymnts.com/cryptocurrency/2022/bis-sets-limits-on-bank-exposure-to-crypto-markets/

[suzanne5223]

I have always dreamed of having a hardware wallet store and also joining the official hardware wallet reseller network but the stance of the government in my country towards cryptocurrency restricted me from the dream.
If it happens that Bitcoin becomes legal tender globally, I will pursue the dream and also create a business network that will accept Bitcoin as payment.

[Fivestar4everMVP]

Bitcoin becoming a globally accepted decentralized digital currency is a dream which I believe will be a reality some day, but the only thing that bothers me is that, it might take a very long time for this to happen, there is no way every country in the world will turn and make bitcoin an accepted means of buying and selling, it's a thing that will happen gradually from country to country and the span between one country saying yes to bitcoin and the other doing to same might stretch up to a year or even more..

But if eventually I am still alive when bitcoin becomes a global currency like the us dollars, I don't think there is anything I will do other than to just enjoy the benefits it brings.

[glendall]

WHAT IS THE FIRST THING YOU WILL DO IF BITCOIN BECOMES GLOBALLY ACCEPTED JUST LIKE THE INTERNET?

no denying I will definitely be happy if that happens, but I will not make payments with bitcoin if making everyday purchases I will probably use / spend my bitcoins on certain products only, I prefer to keep my bitcoins secret and exchange to fiat if i need money

[nullama]

We all will agree that most countries around the world have had a misconception about bitcoin which has lowered the rate of Bitcoin adoption globally, various countries with their own mode of Bitcoin view the authoritarian states like china will have a total ban on Bitcoin even though it is an impossible thing since bitcoin is decentralized uncontrollable and independent.

Even with all this, Bitcoin has continued to consistently thrive to pursue its true mandate and even though a few numbers of Bitcoin adopters and bitcoin have been perceived as illegal, and public display of Bitcoin can be prosecuted through states laws that ban Bitcoin authoritatively e.g china and other countries in Africa and other part of the world that have one or two regulations.

WHAT IS THE FIRST THING YOU WILL DO IF BITCOIN BECOMES GLOBALLY ACCEPTED JUST LIKE THE INTERNET?
For me I will open my Bitcoin mining farm that will be public with a website and registered under the law for clients that will want third-party services that will align with global best practices of cryptography and digital asset management.

You know that you can do that right now?

You don't need permission from anyone, and anyone in the world can pay with Bitcoin to anyone right now.

There's no need to wait for making Bitcoin legal tender anywhere, it's already here. You can pay and receive payments with Bitcoin from all around the world.

[serveria.com]

Wow, that would be HUGE! I guess first thing I'd do is cash out some fraction of my stash because if Bitcoin would be accepted as legal tender globally it would skyrocket well above $100k! That would be fun! 

[Jawhead999]

Nothing,

When Bitcoin has been accepted globally become a legal tender, it mean the demand of Bitcoin will be very high and I believe the price already hit at least one million USD. I don't think Bitcoin would suffer bear market since any country already trust and believe in Bitcoin, so the longer you hold your coin, you will make a lot profit in the future. But it's still a dream or imagination, I still hard to believe if Bitcoin can be accepted everywhere, although El Salvador accepting Bitcoin as legal tender seems to become a prove if any dream or imagination is possible to happen.

[romero121]

My choice will be accepting bitcoin into the business. I'll also encourage others to add bitcoin acceptance into the business. Even now people around have got good understanding, but the legality issue still prevails. Very few countries have officially revealed the legality status where rest of the countries just stay without making any decision. So, the legality reveal will make more common people start using bitcoin without any fear. To reach such an universal legal status it'll take atleast a generation.

[8rch7]

I have always dreamed of having a hardware wallet store and also joining the official hardware wallet reseller network but the stance of the government in my country towards cryptocurrency restricted me from the dream.
If it happens that Bitcoin becomes legal tender globally, I will pursue the dream and also create a business network that will accept Bitcoin as payment.

In the country where you live now bitcoin is well received, most likely in a few years later bitcoin will become a legal tender globally, you can do whatever you want and can plan from now on what you will do, you can collect as many bitcoins as you can also accept bitcoin payments in your shop, but I personally don't think that way at all, because in my country the people's mindset has not been upgraded, just investing in stocks is said to be gambling let alone bitcoin, even to currently bitcoin transactions in my country are very small, only one percent of world transactions.

[Rigon]

WHAT IS THE FIRST THING YOU WILL DO IF BITCOIN BECOMES GLOBALLY ACCEPTED JUST LIKE THE INTERNET?
For me I will open my Bitcoin mining farm that will be public with a website and registered under the law for clients that will want third-party services that will align with global best practices of cryptography and digital asset management.

If bitcoin spreads like internet all over the world what I will do for me is I will set up a beauty parlor soap and a restaurant and residential hotel. There I will launch cryptocurrency transactions. There people will expect to go and pay with crypto currency. I'll invent something weirder out there to attract people. I will introduce huge commission system for those who will trade through cryptocurrency. Every week I will do lottery system. Every week I will announce winners among my customers and distribute prizes to them. This way I will discover everything I need to improve my business model.

[Wexnident]

Nothing. I don't think it'd have that much of a big impact on what I'd do, I'm already using it in the first place anyway, and it doesn't exactly change anything in general when it comes to paying for products/services. Heck, I reckon it wouldn't even affect most people that much, even if they were owners of Bitcoin. Might be different for countries that don't allow it though, though tbf, they can't exactly stop you if you really wanted to buy/use it.

For me I will open my Bitcoin mining farm that will be public with a website and registered under the law for clients that will want third-party services that will align with global best practices of cryptography and digital asset management.

You should be able to do that even now though. There are some countries that don't allow it but they're in the minority afaik, all in all, you should still be able to.

[jokers10]

no denying I will definitely be happy if that happens, but I will not make payments with bitcoin if making everyday purchases I will probably use / spend my bitcoins on certain products only, I prefer to keep my bitcoins secret and exchange to fiat if i need money

You can have as many addresses as you wish so why not to have some small amount addresses for everyday purposes and not to show your main addresses? You can use some of mixers if you want to hide the links between your addresses: if you are not hiding from some big organization like government or huge corporation it will be probable enough secure, if bitcoin will be used worldwide to that moment.

[dothebeats]

There really is not much I would like to do if bitcoin becomes globally accepted. Even now, you will see a lot of merchants and people willing to accept bitcoin in exchange for their goods or services. They are just few and far in between, so it will be a tough task to use your bitcoins in that regard. But, overall it'll just be the same even if we see a surge of merchants and governments open in accepting bitcoin the next day. You'll just have a lot of choices on where to spend your bitcoins, nothing more.

[Lucius]

~snip~
WHAT IS THE FIRST THING YOU WILL DO IF BITCOIN BECOMES GLOBALLY ACCEPTED JUST LIKE THE INTERNET?
For me I will open my Bitcoin mining farm that will be public with a website and registered under the law for clients that will want third-party services that will align with global best practices of cryptography and digital asset management.

You are living in an illusion, because if that were to happen, all the countries of the world would recognize that Bitcoin is equal to their national currencies - do you think the US, the UK, or maybe Japan would ever make such a move? Every normal country protects its national currency because it guarantees the stability of the country and a strong economy.

As for your move in case a miracle happens, does the law now prevent you from opening a mining farm? Bitcoin is legal tender in only two countries, and as far as we can see, this does not create difficulties for any mining farm anywhere in the world. Besides, a mining farm is not an investment of a few hundred $ or maybe a few thousand $, so I think your real problem is financing, not whether Bitcoin will become legal tender globally.

[Ojima-ojo]

WHAT IS THE FIRST THING YOU WILL DO IF BITCOIN BECOMES GLOBALLY ACCEPTED JUST LIKE THE INTERNET?

no denying I will definitely be happy if that happens, but I will not make payments with bitcoin if making everyday purchases I will probably use / spend my bitcoins on certain products only, I prefer to keep my bitcoins secret and exchange to fiat if i need money

Privacy is one of the thing that make me to love Bitcoin because even if bitcoin is globally accepted as a legal tender, we will still have some bitcoin holders who will prefer being anonymous to staying private.

Not wanting to spend your Bitcoin on everything day spending is the best decision to make, most especially at a time when we do frequent buying.

To avoid fees and unnecessary conversion of funds, one needs to make provision for only emergency bitcoin spending aside from that USD and other fiat currencies are best suitable for such transactions.

[Erumo]

If Bitcoin becomes a legal tender globally, I think I and other wont do anything special. Why do you anyone think that this should be celebrated specially? OK, I agree that opening a bottle of champagne is acceptable. But going crazy spending? I think Bitcoin owner does not like much attention from authorities. I think people will continue live their normal life. They will simply be granted and access to sort of a "extra plastic card to make purchases". Most of users here already are familiar of how to turn crypto to fiat quick and save. So I expect nothing much from that globalization. 

[imamusma]

Privacy is one of the thing that make me to love Bitcoin because even if bitcoin is globally accepted as a legal tender, we will still have some bitcoin holders who will prefer being anonymous to staying private.

Bitcoin is not anonymous, transactions can be tracked as all transactions are stored on the blockchain.
You can obscure transaction history only if you use a mixer or something, but bitcoin are not anonymous in basic. You need to read few things about how to protect your privacy with bitcoin even if your identity behind the address is unknown to anyone until disclosed.

You can read: Protect your privacy or here are some of the highlights.

• Understanding Bitcoin traceability
• Use new addresses to receive payments
• Be careful with public spaces
• Your IP address can be logged
• Limitations of mixing services
• Future improvements

Not wanting to spend your Bitcoin on everything day spending is the best decision to make, most especially at a time when we do frequent buying.

There are actually two principles for someone who buys bitcoin: First, bitcoin as an investment/trade and second, bitcoin as a means of payment. These two users have different mindsets about what bitcoin are for and how they spend them. If you're using bitcoin just to pay for something, then you probably won't even think about why you should be holding it.

[AmoreJaz]

If Bitcoin becomes a legal tender globally, I think I and other wont do anything special. Why do you anyone think that this should be celebrated specially? OK, I agree that opening a bottle of champagne is acceptable. But going crazy spending? I think Bitcoin owner does not like much attention from authorities. I think people will continue live their normal life. They will simply be granted and access to sort of a "extra plastic card to make purchases". Most of users here already are familiar of how to turn crypto to fiat quick and save. So I expect nothing much from that globalization. 

first and foremost, i believe such situation will only happen theoretically as i don't think many countries will give up their fiat. but fine, if btc will be a legal tender, then great! yes, you don't need to celebrate extravagantly, just do your things that you think you can take advantage of the situation. as the government will have hard time tracking their people about their btc's dealings, some will indeed use this to hide from paying taxes, who knows? so do you really think most governments will agree to this situation?

[nullama]

Probably would be easier to receive money from around the world delivering services through the web.

I mean, of course you can do that today with Bitcoin and credit cards, but with credit cards they take a big chunk, and not many in the world are using Bitcoin.

But if the entire world is using Bitcoin?, yeah, that would make it better to get money for services around the world. At least 3% or so better as there won't be any chargeback and commissions to banks.

[Vaskiy]

Probably would be easier to receive money from around the world delivering services through the web.

I mean, of course you can do that today with Bitcoin and credit cards, but with credit cards they take a big chunk, and not many in the world are using Bitcoin.

But if the entire world is using Bitcoin?, yeah, that would make it better to get money for services around the world. At least 3% or so better as there won't be any chargeback and commissions to banks.

Big money gets saved and will be in the pocket of common man. Banks make good money through the transactions support and they have control over the users money.

Once everything gets legal I'll have a banking system to support the people who find it hard to invest and buy cryptocurrencies. Simply this will serve as the bitcoin bank, however it is not good. But I prefer doing it to help people who are not good with technology.