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Author Topic: If Bitcoin is legalized, a dream of mine would come true  (Read 691 times)
Popkon6
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June 22, 2023, 09:13:19 AM
 #61

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.

You can fulfill your dreams but it has to be cyclical. Your pizza restaurant dream will come true but you will have to accept fiat money and send that money out of the country from where you will receive bitcoin again.
You can also store bitcoins in other ways, such as collecting bitcoins with a fiat portion of profits and holding them for a long time. Then your dream will come true and since Bitcoin is illegal in your country then you go ahead to fulfill your dream. And don't stop working, keep going. And keep accepting bitcoins like this with honest courage.


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June 22, 2023, 09:22:28 AM
 #62

But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.
Well, don't be so negative, bitcoin adoption is something that is still coming through little by little, you don't expect it to happen over night, bitcoin is not also legal in several parts of the world, as we speak, only two countries have officially legalized bitcoin and made it a legal tender, more countries will follow in the future, and you can't be so sure that bitcoin will never be legal in Bangladesh, except you guys are been ruled by a permanent government, which I highly doubt, but even if it be true, when such a government see that alot of other, even bigger countries have introduced and legalized bitcoin payment in their system, they will have no choice but to change their mind on their stance with Bitcoin.

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June 22, 2023, 09:29:40 AM
 #63

@OP don't worry you don't need to live in Bangladesh if you want to open a business accepting Bitcoin payment, you can move into other countries which have declare Bitcoin as a currency e.g. El Salvador and Central African Republic.

However you don't have to accept Bitcoin if you want to open a business, there's not really different if your business is successful and you can invest that money to buy Bitcoin.

 
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June 22, 2023, 10:01:29 AM
 #64

You don't have to start accepting bitcoin your business as means of payment because this won't increase your gains in any way.

I believe what will change your life is buying bitcoin and holding it for a long period of time for massive value in the future, why should you care so much about accepting bitcoin as means of payment in your business because all what this is going to do is create crypto and bitcoin awareness for your customers nothing more than that.

There is no way this will benefit your business because bitcoin is not even well accepted throughout the world right now

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June 22, 2023, 10:40:03 AM
 #65

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.
Speaking this year it is clear that it will not happen. In addition to the legal process which is quite time-consuming, you don't need to judge that this dream will not come true. It is possible that in the next 5 to 10 years it will be realized. After all, no one knows what it will be like later. Moreover, Blockchain technology plays an important role in the future regarding the internet and access to all digital transactions. Currently every country still doesn't dare to legalize Bitcoin but some of them have started little by little. The process will continue to be faced and don't give up. Bitcoin is here to stay both now and in the future. That means the possibility of adopting the use of Bitcoin is increasingly trusted.

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June 22, 2023, 10:49:47 AM
 #66

But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.
It's too much uncertain to be legalized Bitcoin because there have some limitations why government don't like Bitcoin and other digital currencies. As it's decentralized, anonymous and secured so if government legalize it they will not be able to implement tax regulations, will not have control on Bitcoin transections or assets and will fall bad impact on Banks.
Government also thinks Bitcoin as a Risky assert because it's price can be manipulated extremely and has high volatility.

So we can't say accurately if Bitcoin will be legalized or not in our country. And I appreciate this idea to make Bitcoin as a payment system for your business. But always respect the Government rules first. I think the good days for Bitcoin will come.
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June 22, 2023, 01:40:39 PM
 #67

The process to endure before it becomes legalized is what we are faced with. Several governments like that of the US want to be able to have a control of it, inorder to access transactions and trades that might otherwise be for terror purposes. The government wants to have data about its users and how funds move. They want to also tax payments while doing this and have a general stake.

It would be almost everyones dream even for those whose countries are yet to be as dogged as the US government, because the ease at which transaction would fly, the ease at which other developments and innovations waiting on the approval of BTC to become accepted is numerous too.

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June 22, 2023, 01:56:13 PM
 #68

OP, never is a very long time.... and nobody knows what is going to happen in the future. A lot of things can still happen... your country might go into a state op hyper inflation and in times like that, governments have to consider other "currency" options.  Wink

You should never give up on your dreams and you should also not forget that you can use your bitcoins in many other countries where it is legal.  Wink

I had a dream...... <You fill in the rest with your hard work and dedication to this technology>  Cheesy

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June 22, 2023, 02:04:05 PM
 #69

You use the word will never be legalized by the government in your country, maybe for now it has not been legalized, who knows in the next 5 years or 10 years you can take a payment system via Bitcoin with a pizza. There is no dictatorship in your country like what happened in North Korea which always makes its citizens subject to the rules it makes, your country's ideology is based on democracy (please correct me if I'm wrong) which is all possible if passed in law.
Currently Bitcoin is only considered as a commodity asset that can be traded on Exchange, when your country discovers the huge content contained in Bitcoin they will open up a little space in Bitcoin as the El Salvador government once did, when that time comes your dream will come true.

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jeraldskie11
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June 22, 2023, 02:25:20 PM
 #70

OP, never is a very long time.... and nobody knows what is going to happen in the future. A lot of things can still happen... your country might go into a state op hyper inflation and in times like that, governments have to consider other "currency" options.  Wink

You should never give up on your dreams and you should also not forget that you can use your bitcoins in many other countries where it is legal.  Wink

I had a dream...... <You fill in the rest with your hard work and dedication to this technology>  Cheesy

I completely agree with you. Even if it appears impossible, we must be positive that Bitcoin will be legal in your country in the future. Perhaps their government simply does not understand the value of Bitcoin and how it contributes to the development of their economy. The volatility of Bitcoin will gradually decrease over time, so that even a single institution selling its assets will not be able to lower the price. If the government saw this, surely there's a big chance to be legalized especially if other countries are now ready to do it. For the time being, you can either utilize a VPN or buy Bitcoin and altcoins while you wait.
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June 22, 2023, 02:51:06 PM
 #71

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 want to achieve something in life, even when it is not feasible, you should be positive about it, a system cannot continue forever, fiat was not the means of exchange back then in the late 80s and early 90s but today it is been accepted worldwide but it is having its own demerit and that is why you will found out that almost the banks are now dishing out CBDC which in my opinion is not difference from the regular fiat we are using. Either the government accepts or rejects Bitcoin now, one day they recognized how important it is for the future and your dream will be actualized as long as you are still alive.

as per your country, I am not sure if there is certainty regarding the legality of Bitcoin status, if you have the means to buy and hold, it will do you good instead of waiting forever, you can do the little you know you can right now and do the rest later when there is feasibility on the legality.

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June 22, 2023, 02:54:38 PM
 #72

Your dream isn’t impossible. You say that you’re from Bangladesh, eventually with the fiat banking system starting to show signs of failure, nations could he forced to be kinder to bitcoin or be in real trouble. Bangladeshi currency isn’t very strong, government may be forced to buy bitcoin as a hedge. They may have to do similar to what El Salvador is doing to make things better. Your dream is not impossible.

Suppose most countries don't recover because of the current economic depression. In that case, I think they will consider legalizing bitcoins forcefully to save their country's economy because they will search for alternatives if problems ever occur. After all, it leaves them no choice when their people are starving, and they have nothing to replace the continued crashing of their national currency. Bangladesh will be one of those countries that will legalize bitcoins if ever they will get affected badly by this inflation, and they can't do anything about it if they care about their people.

isaac_clarke22
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June 22, 2023, 03:10:13 PM
 #73

You can fulfill your dreams but it has to be cyclical. Your pizza restaurant dream will come true but you will have to accept fiat money and send that money out of the country from where you will receive bitcoin again.
You can also store bitcoins in other ways, such as collecting bitcoins with a fiat portion of profits and holding them for a long time. Then your dream will come true and since Bitcoin is illegal in your country then you go ahead to fulfill your dream. And don't stop working, keep going. And keep accepting bitcoins like this with honest courage.
That would be kinda costly for the OP if you think about it. Running a business has plenty of processes and let alone having a pizza business to be specific. Being able to hodl Bitcoin would be the last thing that you could possibly worry about considering that there would be plenty of stuffs to talk about such as auditing. There might be questionable stuffs when you start to accept crypto so suddenly unless you're just into small businesses which is another discussion.

@OP I would not risk getting myself behind the bars if I were you. Good thing that your ISPs hasn't banned every crypto sites including this forum though so at least you got that.
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June 22, 2023, 03:27:30 PM
 #74

I hope your dreams come true at some point but to be honest I don't believe that Bitcoin will be legalized in Bangladesh anytime soon. As we know the government has a negative stance towards Bitcoin and don't like it because they are unable to tax and control it. I mean it is possible that regulations may be introduced eventually about taxing it but it will likely take time.

Instead of waiting for Bitcoin to be legalized, I suggest pursuing your dreams through alternative means. Don't let a specific currency dictate your aspirations as it is beyond your control. My suggestion is to start your own business and generate your income through your local currency and It'll be better if you consider investing a part of your earning in Bitcoin. Over time, this could be very good for both you and your business and when Bitcoin is eventually legalized you can adapt to the Bitcoin transaction system.

I hope you'll achieve your dream one and best of luck! Smiley
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June 22, 2023, 03:37:17 PM
 #75

But my dreams will remain dreams because Bitcoin will never be legalized by the government in my country.
Well, don't be so negative, bitcoin adoption is something that is still coming through little by little, you don't expect it to happen over night, bitcoin is not also legal in several parts of the world, as we speak, only two countries have officially legalized bitcoin and made it a legal tender, more countries will follow in the future, and you can't be so sure that bitcoin will never be legal in Bangladesh, except you guys are been ruled by a permanent government, which I highly doubt, but even if it be true, when such a government see that alot of other, even bigger countries have introduced and legalized bitcoin payment in their system, they will have no choice but to change their mind on their stance with Bitcoin.

Yes, the legalization of bitcoin is still happening, and we will soon see all the countries that will accept bitcoin someday in the near future. I remember a few years ago when bitcoin was banned in most countries, and people were also very scared and pessimistic about the future of bitcoin because of the huge embargo. But things are changing too fast as more and more institutions, corporations, and businesses start to accept bitcoin, and then countries, especially two countries have made it a legal tender. So we should not be pessimistic and just wait, I believe it is only a matter of time before bitcoin is used globally.

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June 22, 2023, 03:51:50 PM
 #76

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.
Is it illegal to use Bitcoin in Bangladesh? I mean, will they arrest you if you stick a B logo on your wall with Payment Accepted text? If that's the law, maybe laws aren't that much enforced in Bangladeshi? Keep your attention on that. I know it's probably not ethically the right thing to suggest but governments do absolutely more shit.

Btw bitcoin payments in your pizza restaurant won't increase sales because usually there is little to no demand on them in real life. Bitcoin payments are usually more popular on e-commerce websites in the USA and it includes some gray-area items.

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June 22, 2023, 06:14:49 PM
 #77

I think bitcoin is not under the control of government so its something difficult to legalised bitcoin in such countries where there is no permission of bitcoin investment. I know you heard about the success of bitcoin therefore your desire for its investment increases so may be in coming years the government of Bangladesh accept bitcoin because hopes sometimes come true.

I will suggest that if bitcoin is banned in your country then you should select some other way for investment because setting hopeless and do not select another way does not suited well. If you choose another way of investment so whenever bitcoin become legalized in your country then take profit from that investment and put it into bitcoin. But if it does not legalized in your country after years then you can choose another country where bitcoin is allowed for investment.









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June 22, 2023, 10:09:23 PM
 #78

So, it's as good as saying that OP wants to enjoy the feeling that comes with pasting on his store “BITCOIN IS ACCEPTED"

Well, if that's the case, then I would say that Op doesn't really want to do the business because he needs the money or profit that comes along with it; it seems he just wants to experience that feeling of accepting Bitcoin payments, just like you said (I agree with you), but I think Bitcoin is unlikely to get legalized in his country any time soon.

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June 22, 2023, 11:43:42 PM
 #79

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.

Well for starters, I think you can fulfill this dream by earning enough cryptocurrency and convert it via p2p exchanges to your local currency. In this way, you indirectly used your BTC as a payment to the transaction of purchasing your pizza. Though I am not sure if what you want is to directly transact, this kind of way is the most plausible and convenient way given the current state of BTC.

Personally, my dream is to use my heard-earned BTC all the way to retirement. I hope that its price skyrockets and it will catapult my earnings to retirement plans as it would enable me to purchase my very first house and car in the process.
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June 22, 2023, 11:59:38 PM
 #80

More countries that had a negative opinion on the cryptocurrency have moved on legalizing it based on the people's interest. Maybe in the future Bangladesh could make some positive move with cryptocurrency legalizing. Compared to the past years it looks like Bangladesh isn't that against the usage. Earlier the country used to arrest people, if they're found handling cryptocurrencies. Everything needs time to settle down. In some countries they prefer the blockchain technology and doesn't encourage cryptocurrency usage. Everything will change over time and on need.
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