Topic: Bitcoin Adoption In Your Country - page 4. (Read 11555 times)
Well in my country, the government currently have little knowledge about the entire crypto space and to think of developing policies to affect the use of it. Just a handful of people actually know about cryptocurrencies. So as it stands now, there are no limitations on we who know about the crypto space. We can free sell and buy cryptocurrencies without thinking of any government regulations..
Everything is bad in Russia. crypto currency does not want to be legal, but at the same time they try to impose taxes. in General, many of my friends want to leave the country, everyone is tired of this attitude
At least your government is not arresting anyone for owning Bitcoins. The situation is really bad here in India. A proposed law, if passed by the parliament would make owning Bitcoins punishable by a prison sentence up to 10 years. I am not talking about using Bitcoins for any illegal trade. Just for owning Bitcoins, you will get a long prison sentence.
We all know that banks are being closed because of Bitcoin. Only 4% of gold is added in Bitcoin and the price is hitting $13K and many people claim according to their technical analysis that Bitcoin will hit 100K this year. It can be a rumor but it could be happened. So here I am going to explain that whatever anything which is expected to be happen in upcoming couple of years.
Before I explain, I appreciate you for the appreciation and courage you've given me in last technical analysis, So Do you think that Bitcoin will hit $1 Billion ?
It is possible and it will be happened too, But how ?
Are you Surprised ?
As you know that Banks are being closed, so whatever they will do before closing is to print as many Dollars as they can to buy Bitcoin as because their market (the Bank) is being closed, which will create a lot of inflation, a lot of inflation which you cannot imagine, this inflated money will be invested in Cryptocurrency. Like Bitcoin, Ethereum, XEM, XLM, TRON, DGB, DOGE, XRP, IOTA and in most popular coins, the IMF will be closing soon because of Bitcoin. But there will be alot of inflation. Because of this inflation, people will demand to increase their wages, so this will be a kind of nuclear attack, the ICE CREAM cone we were purchasing in 50 cents is now around $5, this will be around $50-200 in a few years. the basic wage in the USA is around $8-$10/h, this will be around $80-$200/h, Master Card and VISA make $5 trillion transaction per day, after when the inflation will increase too much, their system will be failed and they will not be able to handle it, so Crytocurrency will be taking its place. The total wealth of the World will increase from $200 trillion to $20000000000 trillion before closing the banks, so we can say that Bitcoin will hit for sure $1 Billion in next few years.
Everything is bad in Russia. crypto currency does not want to be legal, but at the same time they try to impose taxes. in General, many of my friends want to leave the country, everyone is tired of this attitude
At least your government is not arresting anyone for owning Bitcoins. The situation is really bad here in India. A proposed law, if passed by the parliament would make owning Bitcoins punishable by a prison sentence up to 10 years. I am not talking about using Bitcoins for any illegal trade. Just for owning Bitcoins, you will get a long prison sentence.
One thing the government in my country is doing is that, although they frown to it publicly but they HODL some coins privately. In no time I think there will be a time that they will legalize it and it will be used for the payment of goods and services.
What I've recently seen is the rise of cryptocurrency or blockchain-based offices and businesses here, if it becomes a success it can help in widespread of cryptocurrency as a payment. I've seen some offices here open for job training and job offers.
It is very hard to stop Bitcoin growth in a country either by implementing law or putting into jail. In my country, Bitcoin traders will put into the jail if Syber Police diagnosis anybody related to Bitcoin or cryptocurrency trade but huge people are now engaging daily.
in my country, bitcoin is not prohibited, but it is not legal to make buying and selling transactions of goods and services with bitcoin because all of them must use fiat.
I think that is more than enough because there are no government regulations prohibiting users.
I think that is more than enough because there are no government regulations prohibiting users.
Everything is bad in Russia. crypto currency does not want to be legal, but at the same time they try to impose taxes. in General, many of my friends want to leave the country, everyone is tired of this attitude
Bitcoin and other cryptocurrency adoption is very bright here in our country because we can easily convert our cryptocurrency like Bitcoin, Bitcoincash, xrp, and Ethereum to our local currency, we have an exchange here that is operating legally here and we can also pay our bills using that exchange.
Wow It's fun, is there also can shop using Bitcoin/Cryptocurrency? In my country Bitcoin is still considered a valuable commodity, not used as a means of payment in online shopping.
In what country you live?
Most of the countries that doesn't have strict rules or haven't established specific law about crypto, transactions are smooth.
Most of the countries that doesn't have strict rules or haven't established specific law about crypto, transactions are smooth.
Agree, that all countries will indeed have different rules. because it is only natural for the state to give the best authority rules so that it will not be a mistake that will harm the country.
if there are already clear rules it will make it easier and there is a sense of calm to be able to make transactions with no fear and run smoothly. at least there is legal protection to make transactions well
Bitcoin and other cryptocurrency adoption is very bright here in our country because we can easily convert our cryptocurrency like Bitcoin, Bitcoincash, xrp, and Ethereum to our local currency, we have an exchange here that is operating legally here and we can also pay our bills using that exchange.
Well here at my country, i have never seen any improvements, bitcoin has always been refered as something "ilegal" or something shady, and that is very bad for all the people that are using bitcoin as a normal currency in here, but what are we going to do against it? Nothing to be honest.
Indeed you're a lucky person.In my country Bitcoin is illegal.Many people are going prison because they are involved with btc.The govt is such a dumbass in my country.They think if people get involved in btc they will steal our money.
I think you are either from India or Bangladesh. What you have posted is true. Some people have been arrested by the cops for transacting coins. But at the same time, the authorities realize that it is not practical to arrest all the Bitcoin users, who number well in to the millions. They are trying to make a few token arrests and scare the remaining from using crypto.
not much in Brazil yet. only speculators, illegal money and evaders. and lots of ponzi schemes.
if you tell them that satoshi was a stock trader they will believe.
if you tell them that satoshi was a stock trader they will believe.
This is for members outside of the United States of America since things going in that country are all on the news but for those countries who are usually outside the radar of the mainstream media, I would like to get updates which can be good and bad, favorable and unfavorable with bitcoin. Here in my country, we have no problem with the government as regulatory bodies are not hindering the growth of cryptocurrency and in fact we have many more exchanges already approved and they can start doing business in 2020. Reading the news in other countries, I am feeling lucky to be a resident here.
What about in your own native land...how's bitcoin adoption been going on? Is there a bright future in there or maybe is it facing a gloomy and cloudy prospect? Let's talk...
Well in my country bitcoin adoption is really moving fast. There are so many people that is now slowly believe in bitcoin, because bitcoin os really amazing and many people really see its amazing profit in return from their investment. I see that the people is really wanted to have bitcoin because they saw that bitcoin is becoming more precious than gold.
Same is here in my country, even the low level of people who are not much aware about cryptocurrencies have come to know much about cryptocurrencies. This has now caused a large scale increase in usage of bitcoin as investment as well on transaction needs. As the government isn't that supportive there are little group of people who fear to use bitcoin. Maybe in the future they too will start using it.
The adoption of bitcoin in my country is quite good. Indeed, at first bitcoin and friends were banned but now having bitcoin is not prohibited as long as we do not use it for sale and purchase transactions. The law in my country still prohibits bitcoin as a means of payment but as an investment it is permissible.
This is for members outside of the United States of America since things going in that country are all on the news but for those countries who are usually outside the radar of the mainstream media, I would like to get updates which can be good and bad, favorable and unfavorable with bitcoin. Here in my country, we have no problem with the government as regulatory bodies are not hindering the growth of cryptocurrency and in fact we have many more exchanges already approved and they can start doing business in 2020. Reading the news in other countries, I am feeling lucky to be a resident here.
What about in your own native land...how's bitcoin adoption been going on? Is there a bright future in there or maybe is it facing a gloomy and cloudy prospect? Let's talk...
Since I am a citizen of a country where bitcoin is allowed as an asset only, there is no real adoption yet here in my place. Most people here in my area uses bitcoin as a trading tool but the number of people who already know about crypto currency is relatively high based on the number of members in the biggest crypto exchange in my country.
The hype in my country is currently growing but adoption is still very low but inevitable and the next decade will definitely have a beautiful story
Same with our prestigious country. Though they are not prohibiting the use and the patronizinf of bitcoin, the mass adoption is still lacking. Few people are still aware what is really bitcoin and what is the use of this cryptocurrency. I really hope more people in our country will be open minded adopting new technologies and new things like bitcoin.
there is a future dream of bitcoin in my country. although at present the conditions have not been legalized, but it is not prohibited to own it, what is prohibited is only when we use it to transact. but the latest government news will include it in the stock exchange
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