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Author Topic: If Bitcoin is legalized, a dream of mine would come true  (Read 631 times)
Lucius
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June 16, 2023, 02:11:14 PM
Merited by imamusma (1)
 #21

Although many dreams of Bitcoin being "legalized" in their country, thinking that it would mean that everyone (or most) would start using it, I will just say that legalization in any sense does not necessarily mean that people will start using Bitcoin as a currency.

Just look at the example of El Salvador, where Bitcoin is legally regulated as legal tender, and data shows that even less than 20% of people in that country have used it or are using it. There are also many countries in the world where there is no obstacle to use Bitcoin as a means of payment, but few people will decide to pay for pizza or coffee with it.

If the OP got the chance to open a pizzeria in his city and put up a big sign "Bitcoin accepted here", and after a month nobody would pay with BTC, would he continue to believe in his dream or would he give up?

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June 16, 2023, 02:20:54 PM
 #22

As a Bangladeshi I have a dream cherished inside my heart, but in reality it is not possible to realize my dream. My house is located near a popular bridge in Bangladesh and on both sides of the bridge there are parks and sightseeing spots for travelers. My father has organized a food hotel next to that sightseeing spot. I sometimes spend some time in that hotel between studies. I've been nursing a dream for as long as I've been on Bitcoin forums. If Bitcoin was legalized in Bangladesh, I would take a payment system through Bitcoin with a pizza restaurant.
But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.

Good to have dreams like that but don't exceed on your expectations since there are si many technicalities need to consider before it will be legal on your country. Maybe for now try to focus on how you can earn since if you wait for something great to happen then maybe you will wait long for this fantasy to happen. Also we cannot close the doors in terms of adoption since who knows maybe in one day we can see a global changes and we can see bitcoin being added and declared as legal currency to use.

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June 16, 2023, 02:30:59 PM
Merited by fillippone (1)
 #23


But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.

It is not bad to dream. It is your heart desire to come through maybe you have lots of bitcoin that you want to start trading directly with customers. Nothing is impossible to happen but at the same time you have a tall dream because it is not dependent on you to happen but the people in government except you have friends or family members to influence your dream.

Advise to you is don't stay by the line waiting for bitcoin legalization in your country before you start your business. Start up the business with the use of your local fiat currency and build a network of customers for your self and if your dream finally become real then you already have an edge.


They may have to do similar to what El Salvador is doing to make things better. Your dream is not impossible.

Even if his country get to follow what El Salvador did by legalizing bitcoin, it may not matter anything significant on the short time because whatever accumulation of bitcoin he got from his customers would make meaning to him on the longterm when bitcoin bull arrive. This is also same thing in El Salvador because part of the bitcoin hedge by the government is below cost price likewise businesses accumulating bitcoin. However the profit in bitcoin is during the long term but pizza business requires more like daily activities and turn over except he only want to be dealing with bitcoin transaction and not really on the longterm gains.
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June 16, 2023, 03:04:21 PM
 #24

As a Bangladeshi I have a dream cherished inside my heart, but in reality it is not possible to realize my dream. My house is located near a popular bridge in Bangladesh and on both sides of the bridge there are parks and sightseeing spots for travelers. My father has organized a food hotel next to that sightseeing spot. I sometimes spend some time in that hotel between studies.

From your post op, seems like you and your father have a good business running with a tourist spot. Running a business is actually hard but if its involved money it would be a great advantage for you to enter in this industry in crypto as you know how to handle money or assets already. I haven't been to Bangladesh but I would love to try some dishes there.


Quote
I've been nursing a dream for as long as I've been on Bitcoin forums. If Bitcoin was legalized in Bangladesh, I would take a payment system through Bitcoin with a pizza restaurant.
But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.

It's good to have a goal or dream so you would have a path to take, actually nursing takes years for your studies before you graduate which can be apply to Bitcoin. Bitcoin also takes years to understand, you might get the basic knowledge in just days but to fully understand it, you need to take your time to understand all the complicated information in the Bitcoin. It would be a huge advantage for you once you've graduated and have some income for you to invest in Bitcoin especially when in your country it become legalized. It would take time for some country to legalized Bitcoin since it would be a big adjustment for them to open a system they couldn't control since it's decentralized.

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June 16, 2023, 03:31:10 PM
 #25

This should not stop you from investing in Bitcoin, just learn to keep your mouth shut and hold your recovery seed.

About accepting Bitcoin in your business, that's not possible for now, and this should not stop you to start a business right now and start accepting Fiat, save some Fiat money, and start using some part of the money to buy Bitcoin.

Accepting Bitcoin as means of payment helps Bitcoin to go viral but running a business is all about your daily profits and gains, so don't let the ban of Bitcoin stop your motive to start your business.

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June 16, 2023, 04:20:41 PM
 #26

Just as Franky1 has said, you must not wait until Bitcoin becomes legal in your country before you can start your business. There is this saying in my place that goes like this: "Time waits for nobody; time is money." Yeah, the fact that you can't accept Bitcoin payments now based on its Illegality in your country doesn't mean you can't accept fiat or other accepted means of payment in your country. The dream of every entrepreneur is to have a big business that could extend across other countries, and if they are very successful, it can possibly be a dream come true. So, just start your pizza shop first and accept fiat. If you become successful, you could take your business to another country where you can accept Bitcoin for payment.

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June 16, 2023, 08:45:39 PM
 #27

Many Bangladesh residents had this wish for their country illegally marked.Their was many bridge in the Bangladesh and which place you are mentioning.Many people had the aim to become a rich person using crypto currency.But the government doesn’t allow crypto currency because of the Bangladesh economy was very small as compared to the many of the developing countries.

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June 16, 2023, 08:53:05 PM
 #28

As a Bangladeshi I have a dream cherished inside my heart, but in reality it is not possible to realize my dream. My house is located near a popular bridge in Bangladesh and on both sides of the bridge there are parks and sightseeing spots for travelers. My father has organized a food hotel next to that sightseeing spot. I sometimes spend some time in that hotel between studies. I've been nursing a dream for as long as I've been on Bitcoin forums. If Bitcoin was legalized in Bangladesh, I would take a payment system through Bitcoin with a pizza restaurant.
But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.
If you think that the location of your house is strategically located with tourist sites, then you should have benefited from it even if bitcoin is not legal in your country. Every foreign tourist who comes to the place will pay you in fiat, so it is also the same when they pay in bitcoin for the same value.

I wonder how you can be so sure that the adoption of bitcoin in your business will benefit you?
I think the average business that adopts bitcoin will just convert bitcoin back to fiat to avoid price volatility, so what are you expecting to gain from it?

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June 17, 2023, 04:21:40 AM
 #29

As a Bangladeshi I have a dream cherished inside my heart, but in reality it is not possible to realize my dream. My house is located near a popular bridge in Bangladesh and on both sides of the bridge there are parks and sightseeing spots for travelers. My father has organized a food hotel next to that sightseeing spot. I sometimes spend some time in that hotel between studies. I've been nursing a dream for as long as I've been on Bitcoin forums. If Bitcoin was legalized in Bangladesh, I would take a payment system through Bitcoin with a pizza restaurant.
But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.
That's just a matter of time, you should not be fooled by the current dilemma that makes your dreams in Palu and no longer developed.
You only need to wait for the leader of your country who is open with technological innovation and financial system, I think at this time you only need to be patient waiting and increase knowledge in the world of blockchain and bitcoin so that you understand the advantages and disadvantages which you then develop to be better to use bitcoin in the region You.

As it is in El Salvador, without having a leader who has an open it will be difficult to adopt the latest technology, which then only thinks that are classified as old -fashioned, in this case it also needs the courage to take risks that might have a significant impact on the financial order in your country if it is if Forcibly use Bitcoin as a means of payment.
I agree, even if there are some nations which banned it for the time being, that doesn't mean that it will stay banned forever, I think it could be unbanned and legalized in the future. Laws are not set on stones, they are things that can be changed, and with every new government the laws could be changed, in fact in my nation the ruling part once put something in law and then took it out, literally took out the thing they put in in the first place because people disliked it.

This is why I believe that we couldn't really do anything that would be too detrimental towards crypto if we just waited for them and wrote to them. Keep writing to your congressman, and say that your town could benefit from crypto being abled, and could bring in so much more tax income that could help the government as well.

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June 17, 2023, 04:32:36 AM
 #30

Sounds fun until reality hits you with a huge bat in the back of the head.

Bitcoin still isn’t that much popular as a currency of choice. Like @franky1 said, there’s nothing to lose right now if you start a business and accept fiat first. BTC can come later, don’t imagine that if you accept BTC everyone will come serve some food at your place.

As much as I love BTC, I don’t think there’s a lot of potential yet in accepting BTC for your business sales. There’s so much more room for growth and it’s nice having it as an optional payment choice but it won’t bring you that much revenue. Especially in this market.
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June 17, 2023, 04:35:32 AM
 #31

Cool dream op, but it will most probably remain a dream only. World governments(Especially Asian governments) fear BTC and other popular cryptocurrencies since they are capable of taking away some of their power and transferring it to the masses.

Many world governments are trying to regulate cryptocurrencies instead of banning them these days which is a positive step forward.

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June 17, 2023, 04:56:09 AM
 #32

As a Bangladeshi I have a dream cherished inside my heart, but in reality it is not possible to realize my dream. My house is located near a popular bridge in Bangladesh and on both sides of the bridge there are parks and sightseeing spots for travelers. My father has organized a food hotel next to that sightseeing spot. I sometimes spend some time in that hotel between studies. I've been nursing a dream for as long as I've been on Bitcoin forums. If Bitcoin was legalized in Bangladesh, I would take a payment system through Bitcoin with a pizza restaurant.
But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.
Take good care of and save your dreams as long as you can do your activities as usual. Not only in Bangladesh, if you do research there are also countries in the world that have the same status as your country regarding the legal status of Bitcoin.
Don't because Bitcoin is illegal in your country, you will bury your dreams.

Of course, there are still many things you can do with your Bitcoin status. If you want to do business and stuff, I think you can still convert it to fiat.
Finding freedom with Bitcoin is included in the pursuit of your dreams.

R


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June 17, 2023, 11:27:59 AM
 #33

Op, does your country have an official system of petitions? In my country, any citizen can create a petition to local or nationwide authorities on an official governmental website, and if that petition reaches enough support within a certain timeframe, the authority to which it is addressed is obliged to officially respond to it. Usually, they support the petitions at least to some extent, although there are exceptions. If there's such a thing in Bangladesh, you could create a good petition to the government (citing successful cases where it works, for example), asking to allow Bitcoin payments, and gather support within Bangladesh to help your dream come true.

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June 17, 2023, 11:38:45 AM
 #34

If Bitcoin was legalized in Bangladesh, I would take a payment system through Bitcoin with a pizza restaurant.
But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.

Considering payment options, people mostly buy things with tools that are most convenient, name it, cash, card, or anything. If the popular payment option is not a bitcoin and your goal is to hoard bitcoin, I believe you are going to get a hard time fulfilling that. We have known from experience, just because any government legalize bitcoin payment within its country, does not mean people will immediately start using them. We know it from El Salvador. I'm just trying to be realistic, especially since you considering it as your business planning.

Now specifically for Bitcoin, one thing you can do is advocate bitcoin to be legalized in the country. It is hard, but if you are able to gather masses that support bitcoin adoption, you can start to influence and pressure governments to take a second look.
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June 17, 2023, 12:21:20 PM
 #35

As a Bangladeshi I have a dream cherished inside my heart, but in reality it is not possible to realize my dream. My house is located near a popular bridge in Bangladesh and on both sides of the bridge there are parks and sightseeing spots for travelers. My father has organized a food hotel next to that sightseeing spot. I sometimes spend some time in that hotel between studies. I've been nursing a dream for as long as I've been on Bitcoin forums. If Bitcoin was legalized in Bangladesh, I would take a payment system through Bitcoin with a pizza restaurant.
But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.

Dreams are an integral part of life , motivating us to strive for something greater which can potentially  change our fortune. Dreaming for global legalization and extensive adoption of Bitcoin is our common desire, and not exclusive to any one individual. We all wish to see it materializing into a reality, in aforeseeable future. It is crucial for us as  Bitcoin HODLERS to continue believing in its potential to reward its long term investors with substantial profit.









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June 17, 2023, 12:28:21 PM
 #36

As a Bangladeshi I have a dream cherished inside my heart, but in reality it is not possible to realize my dream. My house is located near a popular bridge in Bangladesh and on both sides of the bridge there are parks and sightseeing spots for travelers. My father has organized a food hotel next to that sightseeing spot. I sometimes spend some time in that hotel between studies. I've been nursing a dream for as long as I've been on Bitcoin forums. If Bitcoin was legalized in Bangladesh, I would take a payment system through Bitcoin with a pizza restaurant.
But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.

Many people have done things they said would never happen before. So never say never. Time passes and circumstances change. People and people's opinions also change. We must always think and dream of the good. Maybe things will move even faster once Bitcoin becomes legal in many countries. There you will have an opportunity to realize this dream and you will benefit from it. As I said, times are changing and we can achieve things we never thought we could do.
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June 17, 2023, 12:38:08 PM
 #37

Cool dream op, but it will most probably remain a dream only. World governments(Especially Asian governments) fear BTC and other popular cryptocurrencies since they are capable of taking away some of their power and transferring it to the masses.
For governments in the Asian continent, they still don't have the courage to make a decision about legalizing Bitcoin in their respective countries, but for other countries, such as those in the Americas, it is very different from those in Asia because several countries exist. in the Americas, such as El Salvador, for example, have succeeded in legalizing Bitcoin, although citizens there still use their own country's currency on a daily basis.

Quote
Many world governments are trying to regulate cryptocurrencies instead of banning them these days which is a positive step forward.
I think it's only a matter of time for each government to make a new decision on cryptocurrency and Bitcoin, because the government will definitely agree if they can get benefits and positive things through cryptocurrency and Bitcoin. So be patient now and hopefully OP's dream can come true because maybe there are still many world governments who are learning about cryptocurrencies and Bitcoin at this time.
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June 17, 2023, 12:53:28 PM
 #38

Many Bangladesh residents had this wish for their country illegally marked.Their was many bridge in the Bangladesh and which place you are mentioning.Many people had the aim to become a rich person using crypto currency.But the government doesn’t allow crypto currency because of the Bangladesh economy was very small as compared to the many of the developing countries.

I think the Bangladesh government bans bitcoin and cryptocurrencies for their reasons, maybe they are afraid of not controlling the people or will affect the power of the government… but I don't think just because they are a country, small economies have their reasons to ban bitcoin.

Today, there are still some countries that have not yet legalized bitcoin, and unfortunately for investors in Bangladesh. But that should not be a reason to stop our dream, we can do business and start a business without bitcoin, bitcoin should not be considered a barrier.

.
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June 17, 2023, 02:02:00 PM
 #39

At present, although Bitcoin is legalized in various countries of the world, the government of Bangladesh will not legalize Bitcoin. Because the government of Bangladesh thinks that if Bitcoin is legalized in its country, then the youth of the country will do various illegal activities with Bitcoin. And the economic situation in Bangladesh is very bad at this time if Bitcoin is legalized, it may cause more problems. 'OP' if you want to realize your dream it might not be possible now. But it is a matter of time that your dream will come true when Bitcoin is declared legal in Bangladesh. You can now build a pizza restaurant if you want and invest the profits from it in bitcoins. and when Bitcoin is legalized in Bangladesh you will be able to accept Bitcoin payments in your business.

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retreat
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June 17, 2023, 02:30:43 PM
 #40

As a Bangladeshi I have a dream cherished inside my heart, but in reality it is not possible to realize my dream. My house is located near a popular bridge in Bangladesh and on both sides of the bridge there are parks and sightseeing spots for travelers. My father has organized a food hotel next to that sightseeing spot. I sometimes spend some time in that hotel between studies. I've been nursing a dream for as long as I've been on Bitcoin forums. If Bitcoin was legalized in Bangladesh, I would take a payment system through Bitcoin with a pizza restaurant.
But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.

Most of us here dream that one day Bitcoin will be legalized and we will all be free to use it without worrying that it will be interfered with by the government. But this is just a dream, because the government also doesn't want Bitcoin to be more popular than their financial product. Especially in a developing country like yours, of course the government takes into account that if the majority of people there use Bitcoin it will weaken your country's currency which at this time needs the support of its people. So you should understand more about the condition of your country and make sense if they don't legalize bitcoin until now.

R


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