Bitcoin is not approved yet, because countries has their own local currency and there is no clear understanding in tax system in connection with cryptocurrency.
Bitcoin is not yet as popular as fiat currency. Lets skip USD, EUR, RUR, CHF, JPY, GBP and look at something less popular. Imagine if they are Bitcoin. They are not approved in counties as well. Even though they can be freely exchanged to local currency.
Good example is Turkey and Turkish Lira. TRY is used everywhere, but EUR and USD are good for payment in tourist area. Of course these fiat can be used in small shop somewhere deep in country, but Turks would prefer TRY more. First Turkish Lira appeared in ~1920 and it took decades for EUR and USD to be freely accepted. That is why 12 years for Bitcoin is a very short period to speak about adoption or approvement.
Topic: 12 years and no country has approved Bitcoin ?? - page 4. (Read 2275 times)
:)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"
What? Bitcoin has been adopted and accepted as new form of payment method by some countries though local exchanges were regulated to prevent money laundering. Are you not aware of that? and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
Those Billionaires has a lot of things to cover up their wealth so it is not sure whether Warren Buffet is telling the truth just to play safe about his holdings that is the spirit of decentralization Everything can be done in secrecy. Bitcoin will not end badly because it's journey has just begun.
:)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 do you mean by approval? If you want some country to declare Bitcoin as the national currency, then I am afraid that it is not going to happen anytime soon. So for the next few decades, Bitcoin will exist as an investment asset, and not as a replacement for fiat cash. But at the same time, trading of Bitcoin is either legal or semi-legal in most of the countries around the globe.
Now let's talk about Mr.Buffet. Back in 2018 we had a major correction and Buffet used that opportunity to badmouth Bitcoin. But he has remained largely silent now, after the rally started. Last time I heard about him, he was suffering from dementia and involuntary bowel movements. He has around 1-2 years remaining in his life, and it will be better if we leave him alone to do his anti-Bitcoin rants.
:)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"
By not banning bitcoins in their country would be a good thing itself and to be supportive of the leader's opinion about BTC is something you need to be happy about. It's not something you can approve because no one is there to sign some agreement, as you can see, Satoshi Nakamoto is nowhere to be found and the only thing the government can do is let the people use it the way they want in a legit way because BTC is a decentralized coin and there are tons of people who own them.
Each country have their own currency so there is no need for them to approves it as we can easily use it as an alternative with some rules and protocol assigned by the government. Since bitcoin or any crypto operator is from different countries it will be hard for any government to approves it. So it's still good even they don't approve it we were able to use and knows it.
About bitcoin ends badly, iy may happen but not this early, there are still many uses and advantages that can be use bitcoin in making transactions easier. Those who believes and studied it were able to know the importance it can give to them.
I think btc will end up with either like gold, held by some institutions and private players and government, or all taken away by governments which might ask tax from these holders. About bitcoin ends badly, iy may happen but not this early, there are still many uses and advantages that can be use bitcoin in making transactions easier. Those who believes and studied it were able to know the importance it can give to them.
Bitcoin does not need approve. All decentralized crypto does not need approve.
It is a part why Bitcoin is very successful. It doesn't need approve to be working. You just send BTC where you want, to an address and it will be arrived later. You can transfer to anyone anytime anywhere you want. Ok, you need internet but when internet gets more famous, it won't be an issue.
It is a part why Bitcoin is very successful. It doesn't need approve to be working. You just send BTC where you want, to an address and it will be arrived later. You can transfer to anyone anytime anywhere you want. Ok, you need internet but when internet gets more famous, it won't be an issue.
some countries have approved bitcoin. don't you know that some countries spares no expense on mining? that's a proof
The fact is that the biggest reason why Bitcoin has not been accepted by governments is that its decentralization will damage the credibility of the government, which is the least acceptable to the government. . . .
What happens then when Warren Buffet said bitcoin will end up badly in 2018 and did you see Bitcoin hits again all-time high 40,000$ level and he can not predict everything perfectly even I respect him. You must know many countries have legalized Bitcoin and people are using it without any problem and I must say many countries banned it as well. When you can use it legally in your country then what is the issue.
I don't get the meaning of approve to you? If you mean massive adaptation then there's still no country has done it yet. Of course, they will not adapt or use the cryptocurrency to their economic system if they can't control it. Why would you risk your country on an asset that has volatility.
Many people are already using it in different countries but as an asset only to grow money. Also, I don't think bitcoin will end up badly if you look on the market price right now.
Many people are already using it in different countries but as an asset only to grow money. Also, I don't think bitcoin will end up badly if you look on the market price right now.
What do you mean by "approve" BTC? Do you want the governments to dump their national currencies, and make Bitcoin legal tender? I am afraid that it will never happen. That said, dozens of countries have fully legalized Bitcoin, either as an investment asset, or as a currency. Dozens more are likley to do it in the coming years. As of now, this is the maximum that we can expect.
:)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"
Because every country already has a currency.
And i've heard,Japan Korea Russia Legalize bitcoin.
But I am very sure, someday more than 100 countries will Legalize bitcoin
The requirement to establish a country is to have a fiat currency.
Cryptocurrency is unlikely to replace fiat money. The price of Bitcoin can be listed and calculated because of fiat money (btc-usd or etc)
there are already 5 countries that accept Bitcoin, Swiss, America, Malta, Singapore, Japan.
:)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"
Bitcoin was created in 2009, not 2007. Warren Buffet said bitcoin would end up badly? That means he knows nothing he is saying, after his bad speeches and hatred for bitcoin, bitcoin has been surviving and more adopted. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
Exactly. what Warren Buffet Said about bitcoin means nothing for bitcoin and blockchain. he has no idea what he was saying. he is not a tech guy. he himself admitted that he don't know how to use computer and the only computer he had was a old computer just for calculation purpose.
and I can list a dozens of other quotes From other known personally about Bitcoin and how blockchain technology is important for future.
If Bitcoin is supported by the entire world then its transaction will become much easier. The demand for digital currency will increase within the world. Bitcoin may be a medium of exchange where you'll own a virtual digital currency called Bitcoin at will and transfer it online as you would like. But during this case there's no got to attend any bank or the other sort of financial institution. Many countries don't approve of account balances because they are doing not require a central authority.
:)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"
Because every country already has a currency.
And i've heard,Japan Korea Russia Legalize bitcoin.
But I am very sure, someday more than 100 countries will Legalize bitcoin
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:)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"
What do you mean when you are saying approved by a country??and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
Every country has an approved currency already and that is the fiat currency right now. Every country has 2 choices, either they accept it or reject the people to use Bitcoin and so far most of the countries are allowing Bitcoin to be used although there are some who are against it.
Bitcoin will end up badly?? It has been 2 years since he said that but it seems that what he said is the exact opposite of what he said
.
I am sure there will be no country that wants to use Bitcoin to replace the country's currency, but if there are countries that legalize Bitcoin as a trading tool, many countries have legalized Bitcoin.
Actually there is more country who is recognized the bitcoin including my country Philippines even they did not approve this coin the good with that government are not against to the bitcoin and Im okay with that . Until now there is no bad happen to the bitcoin because right now is doing great and better compared to the last two years ago and I don't believe to the person you mentioned.
:)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"
Paypal accepting buy and sell cryptocurrency hasn't made you sure?and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
With PayPal accepting cryptocurrency, this will encourage banks to open and accept cryptocurrency. In my country, the government has offended and suggested trading and investing in Bitcoin.
Iran became the first country in the world to recognize Bitcoin! They will use Bitcoin mined by local miners to avoid U.S. sanctions...
But these are rather forced measures ... I do not think that most countries will start to use Bitcoins formally...
But these are rather forced measures ... I do not think that most countries will start to use Bitcoins formally...
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