12 years and no country has approved Bitcoin ?? - page 7.

serjent05

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Quote from: Pamadar on October 12, 2020, 08:25:30 PM

Quote from: Kasabus on October 12, 2020, 07:57:15 PM

Quote from: DeathAngel on October 12, 2020, 04:55:56 PM

Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind.

Bitcoin is a decentralized currency so there is no need for a government to backed it up. Although its hard for bitcoin to become a global currency, having it as a alternative currency and a very good investment is already a good achievement for bitcoin. There are already few countries who have been supporting bitcoin but not using bitcoin as their main currency, only a good alternative mode of payment.

Agree to that! Bitcoin was decentralize which is far from realization that government will embraced and change their current system to move and use it as their main currency, is more on alternatives sides of fiat where you can transact using this system and function same a like with how currency works.

Well, the government will never allow an uncontrolled entity to dominate its economy. That goes to Bitcoin too, but we are lucky that some governments acknowledges Bitcoin as a medium of exchange while others see it as an intangible asset. Bitcoin even though won't be used as a major currency of any country, it will always be on the sideline as an alternative

Quote from: Pamadar on October 12, 2020, 08:25:30 PM

Good enough after several years, there are many businesses who acknowledge this chain, aside from being alternative money being a tool for investment is still Bitcoin was really known for.

Not only businesses but some government acknowledge Bitcoin as mode of payment, that being an alternative. So I guess OP is missing something when he said that no country has approved Bitcoin.

Serious475

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Quote from: mezzaluna on October 13, 2020, 10:58:15 AM

Quote from: Mdsumon0066 on October 09, 2020, 11:00:37 AM

:)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"

Its not like it still needs approving or legalizing. Bitcoin is good the way it is since its already being used Internationally but it is still possible for a country to pursue the utilization of Bitcoin into further applications. All we can do is support it and watch how it will go. Keep HODLing!!

We cannot just watch it to grow itself because it really needs our help. The most basic thing we can do to help bitcoin to grow is to promote it to our friends and families and if your friends manage to promote it to his friends then the bitcoin community will be bigger and the chance of being approved by the country will surely get higher. I don't know about bitcoin few years ago but my friend just promoted it to me and he explained me bitcoin well and how it will change my life.

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Quote from: Mdsumon0066 on October 09, 2020, 11:00:37 AM

:)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"

Its not like it still needs approving or legalizing. Bitcoin is good the way it is since its already being used Internationally but it is still possible for a country to pursue the utilization of Bitcoin into further applications. All we can do is support it and watch how it will go. Keep HODLing!!

Wallflower28

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Quote from: Mdsumon0066 on October 09, 2020, 11:00:37 AM

:)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"

Because bitcoin was not still regulated by any country due to its decentralization. Many countries still have doubt to adopt bitcoin as their main currency. Well, we just be thankful enough even our country does not want it to be regulated but we can freely use cryptocurrency inside of our country. We don`t know if what Warren Buffet said will become true since bitcoin still growing and dominating the market.
Whether bitcoin will use by different country or not, its okay. As long as we can use it whenever we want without any harm.

Yamifoud

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Quote from: Cootie on October 12, 2020, 08:25:51 PM

I think one reason why governments weren't be able to accept bitcoin is because it can disrupt the flow of economy inside a country. Imagine having something that you can't control. What would happen? It could cause a drastic, which is good if thing goes smooth. But otherwise, it could cause chaos like the typhoon does to everything in its path. Like the typhoon, you can't control its strength, range, direction, speed etc. Similar to bitcoin, you can't control it's price, it go down or up to the extremes, which is, a significant factor to consider once it is in the economy of a country. And once it happens, bitcoin will forever be changed.

It simply because Bitcoin is decentralized and a reason why some country leaders aren't making its way to ruin their economic interest.
it has been discussed already before about its regulations and wanted that the government will take control over it but it was been declined since there is no support from the community.

Some didn't while some countries also are open to Bitcoin and allowed their people to make use of it. It can be somehow in the future that these countries who against Bitcoin will change their mind.

vania vin

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some countries do not prohibit bitcoin transactions on the market, but many countries claim bitcoin is illegal but in these countries bitcoin transactions are still valid even though these countries do not legalize it. Please note bitcoin is one of the best investments and they hide it because the country is illegal bitcoin.

ekeh

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Bitcoin is a decentralized currency, that is digital form which no one can be control, including the government, they only adopt the system. Having said that, bitcoin has more prospect in future, the more year we go, the more it more appreciating...

ampu

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Allowing bitcoin to be a payment tool for purchases is an acknowledgment. Bitcoin is just like any other currency in some countries, bitcoin is equal and has the same value when it comes to buying goods.
Some countries also prohibit payments in bitcoin, some countries can even go to jail if using bitcoin.
We need to realize that bitcoin is just one solution and hardly a substitute for national currencies. The adoption of bitcoins in the payment system has been a sizable treat.

Cootie

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I think one reason why governments weren't be able to accept bitcoin is because it can disrupt the flow of economy inside a country. Imagine having something that you can't control. What would happen? It could cause a drastic, which is good if thing goes smooth. But otherwise, it could cause chaos like the typhoon does to everything in its path. Like the typhoon, you can't control its strength, range, direction, speed etc. Similar to bitcoin, you can't control it's price, it go down or up to the extremes, which is, a significant factor to consider once it is in the economy of a country. And once it happens, bitcoin will forever be changed.

Pamadar

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Quote from: Kasabus on October 12, 2020, 07:57:15 PM

Quote from: DeathAngel on October 12, 2020, 04:55:56 PM

Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind.

Bitcoin is a decentralized currency so there is no need for a government to backed it up. Although its hard for bitcoin to become a global currency, having it as a alternative currency and a very good investment is already a good achievement for bitcoin. There are already few countries who have been supporting bitcoin but not using bitcoin as their main currency, only a good alternative mode of payment.

Agree to that! Bitcoin was decentralize which is far from realization that government will embraced and change their current system to move and use it as their main currency, is more on alternatives sides of fiat where you can transact using this system and function same a like with how currency works.

Good enough after several years, there are many businesses who acknowledge this chain, aside from being alternative money being a tool for investment is still Bitcoin was really known for.

Sadlife

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Look at it now, its now in the process of becoming an alternative solutions for fiat payments that takes long to complete within 5-7 business days. Even big companies such micro strategy and square including Fidelity has launched a Bitcoin investment futures and ETF's making it accessible to Institutional investors.

Kasabus

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Quote from: DeathAngel on October 12, 2020, 04:55:56 PM

Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind.

Bitcoin is a decentralized currency so there is no need for a government to backed it up. Although its hard for bitcoin to become a global currency, having it as a alternative currency and a very good investment is already a good achievement for bitcoin. There are already few countries who have been supporting bitcoin but not using bitcoin as their main currency, only a good alternative mode of payment.

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Quote from: Mdsumon0066 on October 09, 2020, 11:00:37 AM

:)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 is not launched in 2007 but officially launched in 2009 by Satoshi Nakamoto.
In fact, his prediction is wrong, it is 2020 right now and BTC still goes up. The price of BTC is still volatile and will never be stable. But the value of BTC is increasing, many more people interested, and also get in the BTC.
And how can you believe in that kind of prediction? I think that the prediction is only for those who lose much in BTC.

Light onuoha

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Quote from: Mdsumon0066 on October 09, 2020, 11:00:37 AM

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh

Bitcoin might not be approved yet, but it generates incomes that most countries can't afford. So patients it's a key, all good things don't come easily.

DeathAngel

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Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind.

7788bitcoin

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Quote from: DrG on October 11, 2020, 12:24:41 AM

People only listen to him because he has money and can move the market.

Good Old Warren Buffet would do anything to move the market in which he heavily invested and that is his talent and that is how he made his billions. Warren Buffet is not a big fan of cryptocurrency and bitcoin and you cannot blame him as he has no idea how the market revolves when you compare how the stock market moves as it is a global market and he or anyone cannot single handedly manipulate the market unless you take the risk of loosing big time, but when it comes to stock market he just need to understand the US market and can determine and manipulate the market.

Serious475

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Quote from: Mdsumon0066 on October 09, 2020, 11:00:37 AM

:)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"

We cannot easily say that because there is a lot of companies that took long time to get succeed and it is like bitcoin that will make a good performance if the number of users gets high since the demand will also get higher. If all of us is responsible enough to the point that we promote bitcoin to our friends and families then bitcoin will surely prove its success earlier. Just like on one article i already read "https://www.entrepreneur.com/article/272710". Those who works on the company just promotes the product and make the demand higher and after that, they prove their worth.

wxa7115

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Quote from: Mdsumon0066 on October 09, 2020, 11:00:37 AM

:)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"

I think you are completely missing the point, bitcoin doesn't need approval of governments or banks, that is the whole point, if they decide to approve it then that is fine with me, but if they do not then who cares? You can still use it in whatever way you want as long as you keep your mouth closed, bitcoin is the currency of the people and it is way better than their fiat counterparts, this is why governments feel threatened, this is why they cannot accept it because if they do they will lose a great deal of their power.

For the first time in history you can safely store your money without the need of a third party and move it between countries without anyone noticing it, this has the governments scared but at the same time they realize they cannot destroy it even with their best efforts.

oprahwindfury

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Bitcoin is a decentralised currency.So this is very natural that no government will approved bitcoin as they can not control it by themselves.now second answer is,People around the world has different mind and thoughts.It was his thought but
undoubtedly it was a wrong assumption because bitcoin is still here and leading the crypto currency.

Mpamaegbu

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Quote from: Mdsumon0066 on October 09, 2020, 11:00:37 AM

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

May be in the next five years from now Warren Buffet will find it necessary to take back his word on that.

On the Bitcoin journey so far, I think we are gradually getting there. I am of the opinion that good things don't come cheap. Come to even think of it, the Bitcoin idea will take away financial power from the government and place it in the hands of people we don't expect government to speedily do anything positive to aid its adoption.

Quote from: svaboda54 on October 11, 2020, 10:08:18 AM

This just proves that bitcoin has been decentralized for 12 years. This is a good trend for crypto.

Yes, 12 years and still counting. Cryptocurrency in a budding industry that has come to stay. Greater things ahead.

Topic: 12 years and no country has approved Bitcoin ?? - page 7. (Read 2185 times)