Bitcoin will get legitimacy in all countries? - page 13.

Kim Domingo

full member

Activity: 208

Merit: 100

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

I think if unnecessary news and information that cracks the good idea of being involved to Bitcoin I think it's possible since, that's what the investoe doesnte like an bad reputation, if this forum may have the things that they dont want to I guess it will be a plus points to the standardize countries to acquire Bitcoin in their systems, and it will happened if bad news and scams anomalies will be eradicated.

Larva14

sr. member

Activity: 518

Merit: 250

Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

Actually, bitcoin do not have bad effect or it is not harmful in one's country. But, it will help their economy to grown up. As of now there are many countries already legalized and accept bitcoin and I think it is good for their country. Lastly, I think bitcoin will get legitimacy if all countries in the world will adopt and consider as currency.

Dava.Dina

full member

Activity: 296

Merit: 100

Day after day Bitcoin will continue to grow and help many people.

It is possible that Bitcoin will be left behind in all countries especially if there are many people who will believe and fight for Bitcoin.

and hopefully it will be legalized around the world if the governments of each country will accept it as a currency.

lobanoval

newbie

Activity: 47

Merit: 0

With time , all countries will realize that bitcoins is good for the people and thus make it legal. It can take 10-20 years though.

Cofuchu

newbie

Activity: 100

Merit: 0

I don't think bitcoin will get legitimacy in all of the countries. Some countries will always have reservations of Bitcoin. It will take a miracle to convince those countries of Bitcoin. I hope Bitcoin will get the legitimacy it deserves.

Gondwanaland

full member

Activity: 354

Merit: 100

Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

It is possible that bitcoin will be lagalize in all country especially if there’s a lot of people will believe on it and fight for bitcoin. Those people who says that bitcoin is harmful have no enough evidences about is therefore bitcoin can still be existing for a long period of time.

mung_nasib

full member

Activity: 602

Merit: 100

DeFixy.com - The future of Decentralization

If in all countries most likely still very difficult for bitcoin to be received because the impact will be very large when the government is not able to control the currency in this wisely.with the presence of fans who increasingly utilize it automatically position the original currency of a country will be forgotten.

Gabteb

sr. member

Activity: 812

Merit: 256

I think yes, soon or late it will be as in first they start to deny then fight afther that will legitimate BTC and other coins too and with time we will have more and more specific coins.

demonist

newbie

Activity: 224

Merit: 0

Some countries who really hate bitcoin because there are some people who uses bitcoin in their illegal activities such as scams.
I think it will take a lot of years before bitcoin be legalize by all of the countries, even bitcoin starts to grow its popularity all over the world.

david tex

newbie

Activity: 117

Merit: 0

There is a possibility to make bitcoin legal currency. as it has been accepted worldwide. Moreover there are some cities in India that have started accepting bitcoin as a mode of payment.

BlackRacerX

full member

Activity: 462

Merit: 102

Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

I don't blame them to thinking this way about bitcoins because they are technically a very volatile investment to be investing on. I think countries will have a really hard time to let these things be integrated in their systems and dominate fiat money. Bitcoins will gain legitimacy, but it will take time.

beckham88

newbie

Activity: 94

Merit: 0

which I know for now there is no country that legitimizes freely doing activities, some even try to legitimize but then prohibit buying and selling with bitcoin, but we hope in the future will be able to perform activities freely

kencot

newbie

Activity: 151

Merit: 0

I do not know for sure but indeed most of the countries think that bitcoin could disturb the stability of their economy. It seems like anything can happen, because one's way of thinking can change, so does their view of bitcoin. Anything can happen, depending on how bitcoin progresses in the future.

mkcube

newbie

Activity: 196

Merit: 0

Many people said that bitcoin maybe harmful to thier country. Its a bit completed to justify as if world acccepting innovative technology which have potential to change the world named blockchain.

Digitalbitcoin

hero member

Activity: 1568

Merit: 502

Its bit complected to justify as, If world is accepting innovative technology which have potential to change whole world named "Blockchain". Then its bit confusing. If we take bitcoins as currency them it will give new height, mobility, more transparency and trust. But this will take whole economics to decentralization. Which many governments don't want due fear of losing governance and control. Already developed countries have start to test possibilities and outcomes of implementation of blockchain technology.

I personally have fascinated about this disruptive technology name technology.

rowan.thomas

newbie

Activity: 81

Merit: 0

I think that most countries in the world may not legalize bitcoin.These countries have centralized economies and they are used to control or monitor their currency to rein inflation and other monetary matters.

Rishabh riyz

sr. member

Activity: 357

Merit: 250

Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

Bitcoins will only get accepted in any country if they give some power to the nation's government like at least the power to trace transactions by reducing the anonymity , so that their country does not became a shadow trade zone where anyone can buy anything.

The anonymous nature of BTC is the only reason why bitocons is in a neutral state in many countries.

setsuna_gray26

full member

Activity: 245

Merit: 100

WWW.BLOCKCHAIN021.COM

Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?

We have the same thoughts about government banning bitcoin at their country. I think they ban it because they think that bitcoin can be harmful to their economy and can be a factor to have more problems in their country, so to be invulnerable to this problem they already ban it to not cause much larger problems.

Syunusa

newbie

Activity: 303

Merit: 0

I think many countries believe that bitcoin will caused damage to the economy but I know that very soon many countries will regularize and accept bitcoin

m.mendoza

full member

Activity: 321

Merit: 100

Quote from: virendarnagpal on May 22, 2018, 11:31:33 AM

Bitcoin will not be a source of increased inflation. Because if countrymen wish to buy bitcoin; they will have to pay the fiat currency of their cournty. So the fiat currency will be pushed out of the circulation. So there will be shortage of currency.
Ultimate effect of decreased currency will be less purchasing power of the people of that particular country. So with the decrease in purchasing demand of goods and services will decrease ultimately this step will be deflationary not inflationary;
Hope the concept is clear Grin

Above statement given on the basis that most of the people in most of the countries are buying as instrument of investment not as currency to buy goods and services.

For now bitcoin legitimacy in all countries is not yet prohibited they dont allow bitcoin as a legal currency. But i heard in other countries that they accept bitcoin as payment and some establisments also accepting bitcoin as payment. Maybe this legitimacy of bitcoin will not be use by this day but we hope someday it will be a legal currency for everyone.

Topic: Bitcoin will get legitimacy in all countries? - page 13. (Read 2868 times)