10 years and no country has approved Bitcoin ?? - page 2.

maydna

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Quote from: First77 on April 12, 2018, 10:31:45 PM

Quote from: merchantmafnchester778f on April 12, 2018, 08:51:01 PM

That means there is no shortcut to become rich you need to do hard work for it

When Bitcoin went $1 to $400, it looked OK.

But $10,000 is lots of money and now Bitcoin is the "hunted man"

that is right and now many people are chasing bitcoin for many purposes and they believe that bitcoin can help them to make more money. in this 10 years after bitcoin created, only a few countries that approved bitcoin as a new thing that will help people to make money but the other country still don't give a statement about the approval. but soon, after bitcoin price increase higher, each of the government will try to learn more about bitcoin and I think they are started from the last year to study about bitcoin.

Oxana19726897

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After 10 years when Bitcoin price has increased from under 1$ to more than 10k$, people are becoming pay attention to Bitcoin cause of the high price and it's an easy way to earn money. But to legalize Bitcoin it's not easy as you guys think, there are a lot of problems need to be solved before Bitcoin legalized in any country.

sachin50

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I bitcoin dead now or I have to invest more for 2020.

Sahyadri

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I think you need to get your facts right. Japan has already made Bitcoin legal and there are so many other countries who are very friendly towards bitcoin. Even European countries are supporting Bitcoin big time and other countries like Canada, Australia already consider bitcoin as an asset and tax it. It will take time for other countries to regulate bitcoin because it is still a very new concept for majority of the countries and a lot of amendments have to take place. Such procedures usually take a lot of time. You should head over to wikipedia to see which countries consider bitcoin as legal.

celcoid

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Are you sure you did your research well before making post to this thread, we have over five countries that already see bitcoin as legal, Some of them are Russia, japan, etc you can always make use of google to gather information before making the post here. I tell you that even before the end of the year 2020 , so many countries would have declared bitcoin as a legal means of exchange.

pinoypersian

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Quote from: nazaididuan1 on February 23, 2018, 08:49:09 AM

In Japan bitcoin is legal, and the government encourages people to use BTC.

Israel's tax authorities have defined the BTC as an asset and start levying taxes!

This shows that BTC is legal, and BTC is full of opportunities in 2018!

here also in philippines the bitcoin was legal and that information was from our president rodrigo duterte. cause our president knows that many filipinos was in bitcoin management. its pretty cool our president was cause he knew that theres a lot of opportunities was given by bitcoin.

shoreno

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Quote from: syusk82 on April 12, 2018, 10:39:54 PM

I think I'm not wrong. The first block of Bitcoin was in 2009, and now Bitcoin's life is not yet 10 years.
Bitcoin does not require the approval of any country. It does not require Warren Buffett's approval. This may be one of the most overlooked aspects of Bitcoin.
The state can recognize the legal status of Bitcoin. This is a good thing for Bitcoin. The state does not recognize it or it is a bad thing.

It's been already nine (9) year since bitcoin existed if we count from to 2009 up to this present year 2018 and there is still another one year to go in order to call it ten. So I guess all countries that refuses to legalize bitcoin are still have a time in order to changed their minds and to decide if weather they accept bitcoin or not. You know majority of the country are still supports the use of bitcoin, therefor theres really nothing to worry about it.

deppil

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Quote from: bbs98 on April 12, 2018, 08:33:10 AM

I may be a little tired of hearing about Bitcoin. It will end, they always say Bitcoin will end, I always believe it will only start, and it may take a long time not just 10 years, and all will be answered when Bitcoin will continue to grow and they will regret.

Besides there is no necessity or urgency for bitcoin can be legelize by all countries. although without legalization even bitcoin can still be used freely but for me the possibility to be legalized is wide open because the government does not want to see bitcoin as a threat, they will think to cooperate with bitcoin. prohibition will not apply to bitcoin so stop to talk about bitcoin will end, it is legalization that may happen in the future, yeah this takes much time

nelsmining

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I think a history lesson is in order. As it stands most would agree that the U.S. dollar is the closest thing to a recognized world currency but surely you realize this did not happen overnight. In the late 1700's the United States began minting silver and gold coins (at the time no one could imagine a currency that was not silver or gold). By the 1860's they implemented paper money backed by gold and silver. Well into the 1900's they became a world currency and in the 1970's were no longer backed by gold. If you are expecting change to arrive in 10 years you best think your grandchildren and great grandchildren. We would all like it to happen sooner and maybe it will to some degree but 10 years is nothing in terms of changing the world.

syusk82

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I think I'm not wrong. The first block of Bitcoin was in 2009, and now Bitcoin's life is not yet 10 years.
Bitcoin does not require the approval of any country. It does not require Warren Buffett's approval. This may be one of the most overlooked aspects of Bitcoin.
The state can recognize the legal status of Bitcoin. This is a good thing for Bitcoin. The state does not recognize it or it is a bad thing.

Collinberg

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Collectrix-Bridgin the physical and Virtual worlds

In my country,lawmakers once considered banning bitcoin but after some debate,they decides to let it be,that means it's quite legal in Nigeria,nobody would ever arrest you for trading bitcoin or owning it.

Chrisjay

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i think there a country that acccept bitcoin.Like japan they accept digital crypto currency and USA but im not sure with them

First77

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Quote from: merchantmafnchester778f on April 12, 2018, 08:51:01 PM

That means there is no shortcut to become rich you need to do hard work for it

When Bitcoin went $1 to $400, it looked OK.

But $10,000 is lots of money and now Bitcoin is the "hunted man"

merchantmafnchester778f

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That means there is no shortcut to become rich you need to do hard work for it

bbs98

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I may be a little tired of hearing about Bitcoin. It will end, they always say Bitcoin will end, I always believe it will only start, and it may take a long time not just 10 years, and all will be answered when Bitcoin will continue to grow and they will regret.

trecore4

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Quote from: Dmitry.Vastov on April 11, 2018, 01:07:27 PM

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"

I am completely disagree with the statement that no country has still approved bitcoin because there are, I guess, 8 countries who has legalized cryptocurrency in their nation and people there are using cryptocurrency for their daily basis transactions. Though cryptocurrencies are being in rumors and now people are hesitating in investing into BTC but it doesn't mean that it will end up very badly because it has a very bright future ahead.

Actually the countries which you talking about has not given the official legal tender declaration for the BTC but its just that they are not accepting the risk on their financial institutes/banks etc. The individual will be responsible for the whole scenario if something goes wrong! You can use it, you buy and sell in those countries but if you got scammed and ruined with your investment then they are nor responsible for that. However, a legalisation process would be something like Japan, the only country which is giving the legal recognition to the BTC and hence they can use it with merchandise as well as with personal purpose. Legalisation would be something that will include the proper amendments into the finance law etc.

crazy-pilot

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Many people associate bitcoin with illegal and covert activity and selling of forbidden products such as drugs, that’s why authorities don’t hurry to legalize bitcoin or any other crypto.

Theo222

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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"

there are lot of country accept or approve bitcoin already. saying bitcoin will end badly is very wrong or fake news, 2018 will be a good time for selling coin but bitcoin will never die. bitcoin has lot of potential in terms of demand and its use, thats why people going to buy more coin this year. hoping that the price will increase rapidly again this year.

WorldBiz project

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it has become huge only in 2016-2017, give it some time

godfredmanu

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While Bitcoin might not be explicitly been approved by any country, it might be that implicitly no country can openly approved it yet it policies of not resisting it or banning it is more or less like endorsing it. I think in the near future we might have Central banks and other developed economies keeping their reserve in Bitcoin or cryptocurrencies, hence approving it.

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