Topic: 12 years and no country has approved Bitcoin ?? (Read 2248 times)
Yes, countries don't legalize bitcoin, but all countries in the world don't block bitcoin trading exchanges. meaning that everyone is free to use bitcoin, both long-term investment and short-term trading. if you mean bitcoin cannot replace fiat in any one country for a period of 12 years. for me, this is also not a problem. countries and bitcoins do not operate under the same legal umbrella, so countries and bitcoins are not related at all.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
What you missing is, 12 years from 0$ to 60k$ and that too without any government support. Do you still feel that BTC still need any other recognition?
The biggest system that makes bitcoin difficult for the state to accept is decentralization.
Defiantly governments cant monitor and control it. That's why they are not accepting it as main stream payment system. I think governments are justified in not accepting BTC since that will take financial control from them.
Because they think no country can controls it and after 12 years this is the reason that bitcoin is being popular. And every country know its importance in our daily life and its unique decentralization concept that uses the blockchain technology for transferring coins from one wallet to another wallet. Now bitcoin is the most hot topic in search. So, buy bitcoins and hold it for future.
We don't need to seek everyone's appreciation in order to use BTC. Due to its decentralization, some countries are still against it and some are just allowing it without any care to it. its been a year a country now is using it as a currency not only that but some part of other country is using it for salary to its workers.
how the government approves bitcoin whose system is decentralized and fluctuates which may not benefit the government. The government only wants to adopt something it can regulate, such as a bank. But this is much better so that bitcoin users become the main holders and can freely seek profits in my opinion than bitcoins that are regulated by the government, obviously it will have an impact on bitcoin users.
OP seem to have made this post quite long ago. But your response sounds like you're coimg from the past.(no offence though
)Crypto has been approved in quite some countries and the most recent one being that of EL Salvador in the use of Bitcoin did not only get approved/legalized but has been considered a currency for the country. Though only 4 Bitcoin ATMs in the country, the news is way bigger than ATM count!
There's Bitcoin adoption going on everyday! Countries that have banned Bitcoin will rethink and have no choice but to remove their invalid ban.
Well just after a year of the question from OP. Less than a year, there's now El Salvador that has approved and now using bitcoin as a legal tender. What's more are in store for the next years to come for the other countries? We will see if at the end of this year there will be another country to adopt it as a legal tender. But with or without approval of a country as long as they don't claim bitcoin is illegal, everyone is free to use it and there is no need for any approval.
Well if I am not mistaken, there are 3 countries that already legalized bitcoin because it was followed by the El Salvador decision.I forget the 3rd one but as far as I remember, it is El Salvador and Ukraine that already legalized bitcoin, and the third one, I did not remember.
Perhaps another year we'll pass, other countries will announce legalizing bitcoin and then other countries will follow. It is good news to us and the entire community that we are getting larger and soon bitcoin will become more expensive.
There are countries that are crypto friendly and you've forgotten about one of the first countries that became one and one of the many, Malta. Too many to mention actually.
how the government approves bitcoin whose system is decentralized and fluctuates which may not benefit the government. The government only wants to adopt something it can regulate, such as a bank. But this is much better so that bitcoin users become the main holders and can freely seek profits in my opinion than bitcoins that are regulated by the government, obviously it will have an impact on bitcoin users.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
Almost a year since you created this thread , Now i can finally say that there is a country that accepts Bitcoin as Currency or legal tender.and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
and this is EL Salvador
Now tell Warren Buffet that His word will doomed Him when Bitcoin sill be accepted worldwide .
The biggest system that makes bitcoin difficult for the state to accept is decentralization, I only think the good side of a country that banned bitcoin, if it is legalized of course there will be many problems such as internet network, transaction speed and security, remember that cases of bitcoin theft we often hear, and the state does not want to be bothered with these problems.
Lol Decentalization is also the reason why Bitcoin is now fully accepted by El salvador and seemingly to be accepted also by following countries .
well there are some that approved of it in a way that they do not ban the use of bitcoin, this is because that bitcoin is a very prone to illegal uses and also it can greatly affect the economy of one country, criminals can use bitcoin to transact without them being traced so easily and also it can affect the economy in a way that people will only rely on bitcoin and can make their money drop in value.
The biggest system that makes bitcoin difficult for the state to accept is decentralization, I only think the good side of a country that banned bitcoin, if it is legalized of course there will be many problems such as internet network, transaction speed and security, remember that cases of bitcoin theft we often hear, and the state does not want to be bothered with these problems.
Well just after a year of the question from OP. Less than a year, there's now El Salvador that has approved and now using bitcoin as a legal tender. What's more are in store for the next years to come for the other countries? We will see if at the end of this year there will be another country to adopt it as a legal tender. But with or without approval of a country as long as they don't claim bitcoin is illegal, everyone is free to use it and there is no need for any approval.
Well if I am not mistaken, there are 3 countries that already legalized bitcoin because it was followed by the El Salvador decision.I forget the 3rd one but as far as I remember, it is El Salvador and Ukraine that already legalized bitcoin, and the third one, I did not remember.
Perhaps another year we'll pass, other countries will announce legalizing bitcoin and then other countries will follow. It is good news to us and the entire community that we are getting larger and soon bitcoin will become more expensive.
Well just after a year of the question from OP. Less than a year, there's now El Salvador that has approved and now using bitcoin as a legal tender. What's more are in store for the next years to come for the other countries? We will see if at the end of this year there will be another country to adopt it as a legal tender. But with or without approval of a country as long as they don't claim bitcoin is illegal, everyone is free to use it and there is no need for any approval.
Well if I am not mistaken, there are 3 countries that already legalized bitcoin because it was followed by the El Salvador decision.I forget the 3rd one but as far as I remember, it is El Salvador and Ukraine that already legalized bitcoin, and the third one, I did not remember.
Perhaps another year we'll pass, other countries will announce legalizing bitcoin and then other countries will follow. It is good news to us and the entire community that we are getting larger and soon bitcoin will become more expensive.
What i mean here is each country has their own currency so they don't need to approve it because we can easily use it as an alternative with some rules , because bitcoin or any crypto miners from different countries so it will be hard for any government to approve it. Currently, BTC is still a decentralized currency of value and it is very difficult to manage, so there are still many central banks around the world that are afraid of what if it is completely accepted. How will? How does it affect fiat currency and is it easy to manage?.
Well just after a year of the question from OP. Less than a year, there's now El Salvador that has approved and now using bitcoin as a legal tender. What's more are in store for the next years to come for the other countries? We will see if at the end of this year there will be another country to adopt it as a legal tender. But with or without approval of a country as long as they don't claim bitcoin is illegal, everyone is free to use it and there is no need for any approval.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
I'm not sure what you mean by "approved"? Almost every developed country in the world allows people to buy and sell bitcoin as they please. Tax laws have started to catch up and it is now just being treated as any other income or expense. People are caught up in this infatuation that Bitcoin must be an officially adopted currency in every country when it is simply not realistic. It has already achieved the main aim - a globally accepted and completely decentralized currency acting as virtual cash. What you need to be condemning is countries like China and Russia who are taking steps to outlaw it because it threatens the elites in charge - that is the real risk to freedom in the world.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
It is a very tricky statement wherein the country will accept cryptocurrencies while accept its pros and cons.
Fortunately, such streak was ended when El Salvador accepted BTC as a form of legal tender on their country. With that in mind, it opens opportunities for cryptocurrencies to be acknowledged worldwide. Though its implementation might be far into the future, all of its effects are slowly experiencing by many due to its potential of either being a short or long-term investment.
Lots had really believed out that it couldnt really be possible but El salvador did really make this thing to happen and never ever we did really expect for this thing to happen.
Those presumptions and anticipations that we do have in the past did really happen on this moment and of course there are cons and pros that we've seen
but doesnt mean that they would stop on.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
It is a very tricky statement wherein the country will accept cryptocurrencies while accept its pros and cons.
Fortunately, such streak was ended when El Salvador accepted BTC as a form of legal tender on their country. With that in mind, it opens opportunities for cryptocurrencies to be acknowledged worldwide. Though its implementation might be far into the future, all of its effects are slowly experiencing by many due to its potential of either being a short or long-term investment.
Countries do hesitate to accept Bitcoin as currency as it might spoil its economy. However, it can be accepted as an asset like they do accept gold and other stuffs. Though no country has approved Bitcoin, we have huge crowd from each country who are into crypto and have invested in either Bitcoin or on any other crypto currency. So, just there is no legal approval, besides this, everything else is happening within.
As far as I know, Japan and El Salvador have already passed laws on bitcoin, I remember that there is another country where there are laws on bitcoin, but I don't remember the names of the countries. Well this issue of bitcoin laws is a complex issue for many countries because lawmakers are people with big ambitions and serious problems in wanting to control the people so it won't be easy for these politicians to easily accept making law that benefits bitcoin and their community
For now the popularity of bitcoin is increasing although there are still countries that still doubt bitcoin as a legitimate currency for some reason, and for now the use of bitcoin continues to run and the price continues to increase for a long time then never hesitate to use bitcoin if later do not want to regret if there is a high increase, and every country will definitely consider giving freedom in investing in the crypto world.
Jump to: