10 years and no country has approved Bitcoin ?? - page 17.

sampoer23

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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"

for the time being Japan and korea have already started to legalize bitcoin, this is one indication that bitcoin began advancing the income State, because digital currency predictions in the future will be a lot of interest all over the world who need a fast system and other countries could be accepted.

Qartersa

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Very good point on the title. But you should know by now that there are countries that have approved Bitcoin? Say, Japan. The Japanese government has been very vocal about their stance on Bitcoin, and in fact, some Japanese merchants are accepting Bitcoin as a form of payment.

Nonetheless, I see that even Bitcoin users would not want to use their Bitcoins as payment because they see it as a store of value. Hence, they hold it until time immemorial unless they are in need of cash already for whatever purpose. That is the reason I deduce that even if Bitcoin is honored, there are less transactions with it in terms of buying products, goods, and etc. because Bitcoin owners know that Bitcoin's value will grow more with time. They will be put at a disadvantaged position had they use the same to purchase items.

Wnlz16

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Bitcoin is independent, world bank can't even get hold of it completely. You can't expect a country to approved something that they cannot even control. Bitcoin is circulating around the world and trying to control them is close to impossible. Other country allowing transaction and exchange through bitcoin, there are just being wary of it since it can be use to illegal transaction.

First77

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Quote from: The_prodigy on February 24, 2018, 04:18:59 AM

Well if you look about it, 10 years and still no country approval on integrating it on how their economy would be and yet the value of bitcoin is still growing. Yes, there might be dips, here and there but you have to remember that problems have arisen and yet there is still that magic on cryptocurrency and on bitcoin that still is opening up new possibilities in our world

and Bitcoin fell $20,000 to $6500 Grin

Bitbitmaker

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Why do you think that no country has approved bitcoin? Read more carefully Google. For example, Japan.

kyle999

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So far, bitcoin and so many countries are legit, especially here in the Philippines because I'm able to withdraw money here using bitcoin and other banks and we have a wallet bitcoin for filipinos and it's also worth it every day.

btcprospecter

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By approved what do you mean? As in a country that runs solely from bitcoin? Many countries already accept that bitcoin is here to stay and of course they are going to back their own financial institutions over something they have no control over.
Moreover fiat rich people are always going to defend their interests in fiat.

Thirdspace

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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

Quote from: 1C6fV5DtakfKANLJ8GUV7hCaA on February 24, 2018, 04:28:27 AM

Bitcoin is accepted in Japan, Korea, Russia, and many more countries. Are you reading enough? Please do some more research.

If I'm not mistaken UK (perhaps England) also deemed bitcoin businesses legal?

Quote from: Tambu on February 24, 2018, 04:37:45 AM

Warren Buffet change his tune now. He said he will invest on cryptocurrency. He is aiming the Ripple.
Perhaps he realize that cryptocurrency is here to stay.

can you give us links to that related news, preferably from well established news source out of crypto news ring

CherRic

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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"

How can one country approve bitcoin if it cannot own it in the first place. Bitcoin is legal in many countries but will never be promoted nor consider it as an asset in many countries because they cannot control and regulate bitcoin. It is the people who are investing in it who is gaining profit and not the government.

Tambu

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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 change his tune now. He said he will invest on cryptocurrency. He is aiming the Ripple.
Perhaps he realize that cryptocurrency is here to stay.

rapsa2018

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Bitcoin is legally legal throughout the world and bitcoin is also legally legal in the Philippines and it also symbolizes the work of people as well and many bitcoin learns here in the Philippines legit bitcoin here because it can also be withdrawn of money thru banks using bitcoin.

erhildijamel

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Quote from: carlisle1 on February 24, 2018, 04:25:48 AM

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 know what mate?what i can suggest you is READ AND RESEARCH first before putting such kind of thread like this.dont you even know that bitcoin was accepted by japan and i guess Russian.but the best thing is more countries not banning bitcoin instead supporting

Bitcoin will not end as what is stated on the subject, in fact more and more countries are into bitcoin that is why it becomes more popular in the world.
Other countries may have ban btc, but more and more countries are support it right now and to my opinion, bitcoin will surely dominate all the currencies in the world.

1C6fV5DtakfKANLJ8GUV7hCaA

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Bitcoin is accepted in Japan, Korea, Russia, and many more countries. Are you reading enough? Please do some more research.

ToxicMind91

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Actually , Japan and US are already accepted Bitcoin as a legal currency.
But others are not .

Harlot

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Quote from: thesmallgod on February 24, 2018, 04:15:57 AM

bitcoin is a threat to so many countries because the economy of any country is controlled by a centralized system of government which will make many of these countries not to support bitcoin. they believe it will be difficult to control tax as many countries rely on the tax to provide and develop the country. however, it will be a bad idea for some poor country with a low standard of living to ban bitcoin

I agree that it will be harder to tax people who have Bitcoin as there main income but I don't see any clear news that majority of the government in each country are against Bitcoin in fact I see the opposite. I see countries wanting Bitcoin to be regulated in order for the government to not only track the returns of their citizens but also to avoid crimes such as cyber theft and scams which are now popular ever since Bitcoin has started gaining mass attention.

carlisle1

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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 know what mate?what i can suggest you is READ AND RESEARCH first before putting such kind of thread like this.dont you even know that bitcoin was accepted by japan and i guess Russian.but the best thing is more countries not banning bitcoin instead supporting

klavyemaus52

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Because bitcoin not legal and not illegal bitcoin is legal and illegal countries can't control it

The_prodigy

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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"

Well if you look about it, 10 years and still no country approval on integrating it on how their economy would be and yet the value of bitcoin is still growing. Yes, there might be dips, here and there but you have to remember that problems have arisen and yet there is still that magic on cryptocurrency and on bitcoin that still is opening up new possibilities in our world

thesmallgod

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bitcoin is a threat to so many countries because the economy of any country is controlled by a centralized system of government which will make many of these countries not to support bitcoin. they believe it will be difficult to control tax as many countries rely on the tax to provide and develop the country. however, it will be a bad idea for some poor country with a low standard of living to ban bitcoin

Morgann

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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"

bitcoin is already approved to some big countries like japan and south korea. they already using bitcoin as a regular money in their country and soon all country will approved bitcoin as a legal currency.

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