Bitcoin will be legally accepted in every country in the next 10 years? - page 7.

geegaw

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Quote from: Prettyme on June 13, 2019, 03:51:47 AM

Quote from: BL46K 7193R on June 07, 2019, 01:45:43 PM

Do you think Bitcoin will be legally accepted in every country in the next 10 years? But I think that Bitcoin will be legally accepted in all the countries within the next 10 years. Not sure about the other crypto coins, but everyone has confidence in Bitcoin, so it can be said that Bitcoin will be fully validated in all countries. Bitcoin's popularity and popularity have increased day by day.
The government of many countries are now thinking about the bitcoin. That day is not far away when Bitcoin will be legally acceptable in all countries.

Many country were now practicing using bitcoin as a way of payment and we can't deny the fact that bitcoin is gradually taking its place to be legalized and be used by many people in the world. So I can't be surprised that this thing would happened in the next 10 years.

The process of using bitcoin is happening as you say, some countries have begun to accept and legalize bitcoin, they are allowing people to use bitcoin in some payment methods but you should understand that everything seems to be just an experiment, the government is checking whether bitcoin is really appropriate or not. And I'm seeing this process facing many difficulties when many countries have protested and banned bitcoin, want Bitcoin to be accepted everywhere for the next 10 years, it will be very difficult

Sithara007

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In every country? That's going a bit too far. We have a number of countries which frequently manipulate their national currencies (such as China and the Latin American nations). I don't think that such countries are going to make Bitcoin a legal tender. In case they do that, their national currency will crash and inflation may get out of control.

zee11225

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It will take years and technology will destroy the old way of payment gateways and something will succeed to replace it completely. Bitcoin has to be a real competitor in terms of transaction per second.

Bitcoin has indeed brought a real change as a payment transaction tool, because the technology used is peer to peer so that it eliminates income that has been enjoyed by third parties, such as banking.
But to be legally acceptable throughout the world, I think it takes a long time. To this day according to credible information Bitcoin is legally accepted in around 100 countries. This is good, because countries that have not received bitcoin can see the benefits of using bitcoin.

Gibreil

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I don't think so. There are 251 countries around the world and to think that only 111 countries accepts bitcoin. Well, almost half but 10 years is not enough to become bitcoin LEGAL in the last 140 countries. I'm not being negative but just saying. Who knows after 30 years or so Bitcoin will be the leading digital currency globally.

Prettyme

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Quote from: BL46K 7193R on June 07, 2019, 01:45:43 PM

Do you think Bitcoin will be legally accepted in every country in the next 10 years? But I think that Bitcoin will be legally accepted in all the countries within the next 10 years. Not sure about the other crypto coins, but everyone has confidence in Bitcoin, so it can be said that Bitcoin will be fully validated in all countries. Bitcoin's popularity and popularity have increased day by day.
The government of many countries are now thinking about the bitcoin. That day is not far away when Bitcoin will be legally acceptable in all countries.

Many country were now practicing using bitcoin as a way of payment and we can't deny the fact that bitcoin is gradually taking its place to be legalized and be used by many people in the world. So I can't be surprised that this thing would happened in the next 10 years.

kotajikikox

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Well in my opinion yes if bitcoin will become real fiat.why not to be legally if consider as money.even to those country that bitcoin banned.I believe that bitcoin possible to be legally by any transaction.using digital currency by the help of internet all can be use bitcoin where ever you are so why not make us legal currency that can be use of all people.legal can be use bitcoin.and also even it is illegal using of internet they will never know you use bitcoin.beside bitcoin can be cash out without knowing of any one using a digital wallet.so it means it is possible to be in legal way so that those who patronize bitcoin can be giving a chance.
Hoping for those who ban bitcoin in there country give a chance bitcoin to use.
This is just my opinion.

bitkanu

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Quote from: avimuk9 on June 12, 2019, 11:37:37 PM

The chance is very less. As we hear that in some countries the government doesn't consider bitcoin as legal mode of payment.

Most of the country remains in the state of neutral, that's not recognizing bitcoin as a currency but at the same time didn't ban bitcoin and just consider it as a digital assets, like US that consider bitcoin as digital property if I'm not mistaken.
The chance is not that less if the west consider crypto as a safe thing and legal, the other countries will usually follow.

michellee

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I only hope that it will happen in less than 10 years for bitcoin to be legally accepted in all countries because right now, many states already know about bitcoin and people in out there have already seen the bitcoin promotion from many websites. I am sure that they are aware of this and many of them is trying to join in bitcoin and learn more about bitcoin. Maybe it will happen in the next 5 years or so as we don't know what will happen in the future and we could only promote and hope that soon bitcoin will be accepted in all countries.

maxreish

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Well, why not? Maybe those countries who are in doubt in the capabilities of bitcoin and those who banned it in their areas can reconsider the positive side of digital currencies like bitcoin. We can never tell the future. Though criticisms are always there and serves as a hindrance to fully adopt it, we can never give up with the possibilities.

Physical money or even digital money, there is always been an issue. We only need one thing for adoption and that is "acceptance".

avimuk9

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The chance is very less. As we hear that in some countries the government doesn't consider bitcoin as legal mode of payment.

blockchainwriters

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Most of the developed countries already adopting crypto currency soon most of third world countries too accept bitcoin as main payment processor soon we may see mass adoption of crypto currencies faster than before

gangem07

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Quote from: BL46K 7193R on June 07, 2019, 01:45:43 PM

Do you think Bitcoin will be legally accepted in every country in the next 10 years? But I think that Bitcoin will be legally accepted in all the countries within the next 10 years. Not sure about the other crypto coins, but everyone has confidence in Bitcoin, so it can be said that Bitcoin will be fully validated in all countries. Bitcoin's popularity and popularity have increased day by day.
The government of many countries are now thinking about the bitcoin. That day is not far away when Bitcoin will be legally acceptable in all countries.

There is a possibility that bitcoin can legally accepted in all countries but for me its a long procedure and it is difficult to decentralized in whole country especially for those countries that have a large poverty population.Bitcoin has high potential to take all the transaction in the next 10 years but it could not possible to legally mass adoption in all cointries.

jak3

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I do not think it will Take 10 years. Japan has already implemented put two coins on their country and soon more and more countries are going to be inspired by that and gonna take action about cryptocurrencies. They are trying to embrace the technology without needing to ban it. Bitcoin has a huge market and it has extremely high potentials which if harnessed correctly then it can lead to complete new future with a lot of possibilities.

bhabygrim

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Well we have seen how much it has grown from the past 10 years how many companies and countries had accept it,
And we have seen the fast growth of adaptation in the past few years so I think in the next 10 more years we could see it being legally accepted in every country and being used by everyone and could be used as a normal currency to pay for all of our transaction.

eaLiTy

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Quote from: Dontme on June 12, 2019, 10:16:20 AM

I don`t think so, Bitcoin is tax free and if it will gonna be accepted or become legal in every country, then surely it will get taxed which contradicts it`s decentralization. Though there will always be positive and negative effect of legalizing bitcoin in every country, but surely government will control it.

I am not sure which country you are living in, if you are not giving a tax for bitcoin that does not mean that bitcoin is not taxable and bitcoin is not meant to be tax free and decentralization does not mean that you can hide your money and not pay your taxes Cheesy

. Even if there is no regulation for bitcoin within your country you are bound to pay your taxes as income from other sources to avoid future penalties, if you are not making that much money from the bitcoin market then you have nothing to worry Tongue

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Tylev

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Quote from: adzino on June 12, 2019, 02:06:32 AM

Quote from: BL46K 7193R on June 07, 2019, 01:45:43 PM

Do you think Bitcoin will be legally accepted in every country in the next 10 years? But I think that Bitcoin will be legally accepted in all the countries within the next 10 years. Not sure about the other crypto coins, but everyone has confidence in Bitcoin, so it can be said that Bitcoin will be fully validated in all countries. Bitcoin's popularity and popularity have increased day by day.
The government of many countries are now thinking about the bitcoin. That day is not far away when Bitcoin will be legally acceptable in all countries.

Based on what facts are you assuming that the government will accept bitcoin or other crypto currencies within the next 10 years? Yeah, the government is showing some interested on "blockchain" technology, but this does not mean that they will start accepting or consider bitcoin as a legal tender. They might start making their own currency using the technology which might not be decentralized like bitcoin and most of the crypto currencies.

Yes, each state will decide in its own way about the legalization of Bitcoin and another cryptocurrency. Moreover, for the time being they will define cryptocurrency in different ways and give it a legal characteristic. Also, the conditions for the legalization of cryptocurrency can also be different. I also admit that some states will not accept cryptocurrency for circulation on their territory. It will be a complex and ambiguous process and it looks like it will take a long time.

Om.monata

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Quote from: BL46K 7193R on June 07, 2019, 01:45:43 PM

Do you think Bitcoin will be legally accepted in every country in the next 10 years? But I think that Bitcoin will be legally accepted in all the countries within the next 10 years. Not sure about the other crypto coins, but everyone has confidence in Bitcoin, so it can be said that Bitcoin will be fully validated in all countries. Bitcoin's popularity and popularity have increased day by day.
The government of many countries are now thinking about the bitcoin. That day is not far away when Bitcoin will be legally acceptable in all countries.

that might happen in many countries that can adopt bitcoin, but with many conditions including bitcoin can provide benefits and can help in many countries. maybe this will provide an opportunity for bitcoin to be in various countries within the next 10 years

Eraldo Coil

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I think not just Bitcoin but it will come together with the altcoins that knows how to work properly like Ethereum, XRP, and Litecoin. Bitcoin is getting more popular and there are already companies that works with it so it's not really impossible if 10 years from now, it will be accepted.

iMark

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Quote from: adzino on June 12, 2019, 02:06:32 AM

Quote from: BL46K 7193R on June 07, 2019, 01:45:43 PM

Do you think Bitcoin will be legally accepted in every country in the next 10 years? But I think that Bitcoin will be legally accepted in all the countries within the next 10 years. Not sure about the other crypto coins, but everyone has confidence in Bitcoin, so it can be said that Bitcoin will be fully validated in all countries. Bitcoin's popularity and popularity have increased day by day.
The government of many countries are now thinking about the bitcoin. That day is not far away when Bitcoin will be legally acceptable in all countries.

Based on what facts are you assuming that the government will accept bitcoin or other crypto currencies within the next 10 years? Yeah, the government is showing some interested on "blockchain" technology, but this does not mean that they will start accepting or consider bitcoin as a legal tender. They might start making their own currency using the technology which might not be decentralized like bitcoin and most of the crypto currencies.

Not in the near future, but maybe in a long time. it is undeniable that technological development will not be able to be dammed. what the government forbids the spread of bitcoin, will continue to run and will never stop, and the government will certainly prefer to cooperate or not at all. they will definitely adopt blockchain system

Dontme

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I don`t think so, Bitcoin is tax free and if it will gonna be accepted or become legal in every country, then surely it will get taxed which contradicts it`s decentralization. Though there will always be positive and negative effect of legalizing bitcoin in every country, but surely government will control it.

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