10 years and no country has approved Bitcoin ?? - page 11.

First77

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Quote from: romanovst on March 03, 2018, 09:11:42 AM

It is funny but some countries have noticed its citizens investing money in bitcoins only after it was in the news for hitting $15000 mark. For instance, the Indian government had been making a lot of statements regarding bitcoins after December 2018. They have not yet approved the bitcoins but a lot of people are investing here .I was surprised to hear that there had been exchanges operating in India for last 8 years. I am sure that they got all the permission from government authorities before carrying out business here.

I agree 100%. How did Bitcoin get $350,000,000,000 in its climb from $1 to $20,000 in 9 years, in the first place ??

maaydin

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10 years in terms of a financial revolution furthermore regarding fiat currency is not a very long time period but it is obvious that during these 10 years very serious steps has been taken as well as the popularity of it rose significantly

romanovst

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Quote from: Polonium on March 02, 2018, 04:59:22 PM

Majority of the countries are positive about cryptocurrencies, bitcoin has been around for 10 years but the government just paid attention to it just recently when thevalue of bitcoin surpases that of gold, the government are trying to regulate bitcoin and devising ways for the government to benefit as well. Countries like Israel and Japan imposes taxes for bitcoin investment just like any other type of investment in their country.

It is funny but some countries have noticed its citizens investing money in bitcoins only after it was in the news for hitting $15000 mark. For instance, the Indian government had been making a lot of statements regarding bitcoins after December 2018. They have not yet approved the bitcoins but a lot of people are investing here .

I was surprised to hear that there had been exchanges operating in India for last 8 years. I am sure that they got all the permission from government authorities before carrying out business here.

kotajikikox

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Quote from: First77 on February 23, 2018, 08:01:58 AM

Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ?? Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Warren buffet have a bad prediction about the future for Bitcoin bill gates if i'm not wrong are the number one rich man in the world Microsoft developer say nobody's can stop bitcoin which true because I believe bitcoin as new virtual cryptocurrency running by micsoft technolgy, today's era of computer system have possibility to continue.
I will wait what happens before 10 years for bitcoin, according to mr. Buffet

Marileno

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Most countries are still in the process of working out how to handle it. Tax evasion concerns are valid, are are security concerns. Governments move slowly and it will take time for regulations to be worked out that protect nations from the negatives BTC brings with it, while also allowing the positive outcomes to be utilised.

etheraffle

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Some countries seem to be more ahead of the game than others. Canada seems to be doing a lot of good work in this space, passing progressive laws regarding crypto currency. Also all the latest news coming from Australia is very positive.

keninu

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I do not think that will happen, and I'm sure later countries will agree with Bitcoin. if indeed Bitcoin will end, then it is a big disaster for Bitcoin players.

First77

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Quote from: KingScorpio on March 02, 2018, 04:53:32 PM

you dont need "countries" to approve bitcoin those that think they are "countries" are usually just bankster cartels

Who has $5,000 for 1 Bitcoin ?

ceferov

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bitcoin moving very speedy among bitcoin lovers but its moving very slowly among the people out of crypto. Real world usage not going as expected. I hope it will be solved in short time

Polonium

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Majority of the countries are positive about cryptocurrencies, bitcoin has been around for 10 years but the government just paid attention to it just recently when thevalue of bitcoin surpases that of gold, the government are trying to regulate bitcoin and devising ways for the government to benefit as well. Countries like Israel and Japan imposes taxes for bitcoin investment just like any other type of investment in their country.

KingScorpio

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Quote from: First77 on February 23, 2018, 08:01:58 AM

Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ?? Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

you dont need "countries" to approve bitcoin those that think they are "countries" are usually just bankster cartels

Lucas Riley

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You say this but what about the recent senete meeting on cryptocurrency, I for one though it was quite positive. Japan are extremely pro crypto. Countries are starting to accept tax payments in tax. The phrase if you can't pay your taxes with it it isn't real money springs to mind

Angel0

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Well, its slowly accepted by the society today since BTC community are starting to get large and still growing stronger so, as you can see now that there are lot of news pertaining to BTC.

taeewo

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Quote from: First77 on February 23, 2018, 08:01:58 AM

Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ?? Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

The volatility nature and also the anonymous transaction of bitcoin /blockchain technology will always be a set back for government to approve or legalized as they will all be thinking of the disadvantage it can cause..

Machine Funk

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Who cares wallet Warren says. He knows nothing. Bitcoin doesn't need and never will need anything from the government. People are the ones that determine what they want to trade with. The people involved in the trade choose what they accept as payment. It has nothing to do with the government or anyone else for that matter. I am not sure why people think this way I think they don't understand crypto.

First77

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Quote from: oginiimaoyani on March 02, 2018, 04:18:17 PM

Good things does not come cheap. Bitcoin is still under development yet most countries have accepted it, bitcoin within this time frame has become popular and giving help to the helpless even without the approval in some countries.

$1 to $10,000 in 8 years is super-HYIP profits

coinwizard_

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Quote from: ciciteng on March 02, 2018, 02:43:55 PM

Wow... where have you been? Grin

Japan already legalize BTC, they even courage their the citizen to buy BTC. Their employees get salary with BTC is a common.
Korea and China also follows the steps.
You can even pays tax in some states in the USA, Arizona for instances.
European Union already say yes to Bitcoin.
So, major adoption will follows soon.

You need to add the Philippines to that list as well, going to be legal tender there as well. Bitcoin is going to be big and it will bring all the other altcoins with it.

eyebags1994

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I don't believe bitcoin has not being approve to any country 10 years now . their are some countries who are already accepting crypto currencies . they allow people to pay taxes using crypto currencies one of this is Japan. Some countries on united states and lately Arizona. Korea and China.

oginiimaoyani

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Good things does not come cheap. Bitcoin is still under development yet most countries have accepted it, bitcoin within this time frame has become popular and giving help to the helpless even without the approval in some countries.

surfinonmyownwavebaby

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Quote from: First77 on February 23, 2018, 08:01:58 AM

Bitcoin was launched in 2007. It's 10 years and still no country has approved Bitcoin ?? Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Oh god can we please stop quoting Mr. Buffet and his irrational fears about this market? You don't need a stamp of approval for Bitcoin to know some countries are working with it intimately. Just look at the countries that are taxing it, that is close as a stamp of approval as you are going to get.

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