Topic: Bitcoin will get legitimacy in all countries? - page 24. (Read 2868 times)
I predict that bitcoin will never be fully accepted by some countries, since the bitcoin is unchangeable, all crypto currencies are identical to fluctuations since prices are only determined by Supply and Demand.
It is possible for bitcoin to gain acceptance in some countries but getting legitimacy in all countries around the world is something that i do not think can happen
Bitcoin may have a hard time to be accepted in some places but time will come and many countries will follow those who fully accept bitcoin and by this expect the price to climb up.
I think it will, we need this technology for our life. Some countries have legalized Bitcoin, as soon as maybe all of the countries will legalize Bitcoin because we realize we need that. Everything today is full of virtual life because of Internet and Bitcoin was part of it.
The nature of Bitcoin makes it difficult to regulate and control the transactions that is being made. Bitcoin doesn't have anything backing it and the country cannot take any responsibility for the volatility of the coin.
When the prices of bitcoins start to recover there will be a huge market leap in the price of bitcoins great financial experts are of the opinion that in the next four to five years time there are chances for the bitcoins to reach $ 2 million USD and bitcoins could be in the main stream of all financial markets which opens doorway for legitimacy of the bitcoins to be used all over the world due to mass acceptance of bitcoins. All the countries will accept Bitcoin as a legal tender as there is more demand for bitcoins and prices keeps on increasing causing for improving the economic conditions of the world.
Yes Bitcoin is a very big change around the world and can probably bring inflation in your country but it will only happen if a large number of people used it incorrectly but why not just take advantage of it now and get used to it so it will never lead to that position to cause the inflation. Once you know how to use bitcoin you will be inspiring others too using it in no time. All you have to do is show your earning method to other humans. I see many people do many things for a small amount of money and bitcoin helped me to get the right network by which i can invest my hardwork and time at the correct situation and place.
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?
Man inflation is good for any country. what countries are are afraid of
High inflation > 10%
and if we push to some more extent
Hyperinflation > 100% to 1000 %
now about your question..... is that right?
The chances depends on prices of bitcoin
Currently Bitcoin prices are not leading to such inflations
However if if the price of Bitcoin shoot up lets say million dollar per btc
The it will be a serious situation for country's policymakers and the government.
Not sure if all countries will accept bitcoin but its very easy to say that many will legalize bitcoin as legal tender.
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?
possibly because bitcoin prices exceed the local currency value in the country, bitcoin and the result is always associated with something negative when it comes from the intentions and goals of its investors
The bitcoin on this background seems like a non-brother of technology. Banks relate to it cautiously, citing volatility and the lack of a legislative base. All this prevents them from introducing this currency for walking and exchanging in their portfolio. But the adoption of such institutions is crying out and can give them the necessary legitimacy.
Yes bitcoin will one day become legal all over the world because bitcoin plays an important role in our financial life both as a payment system and at the same time an assets, bitcoin has help us in a peer to peer payment system which give us the freedom to send money across borders without any hindrance. So with this bitcoin is now the universal currency of the world time will reveal that
We can’t say anything on that. Future is uncertain. Anything can happen. It may be legalized by all the countries and be widely accepted. Or it may be banned altogether in some countries. But if we suppose that Bitcoin will be accepted someday, then I it may take around a decade. Bitcoin is accepted by many people round the world. As more and more people start becoming aware of crypto market, the acceptance of Bitcoin will increase.
It will be hard for bitcoin to be legalized in all countries but I believe that it will happen in the next next years..because in this world of new technology we need a currency like the bitcoin to serve as an international money.. we dont need to go to money changer to change our money instead with btc..it is easier to transact and buy things.
Crypto is gradually gaining acceptance in the world. Some countries have started legalizing it. It is possible that very soon all the countries will join
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?
Talking about all countries is very hard because some countries did not allow bitcoin to legalize and the government also did not allow their people to get involved in this kind of investment.
I think bitcoin legitimacy depends on it's demand ,popularity,raising rate and the way of using it.If the illegal use of bitcoin rate reduce than it can be possible to accept bitcoin more in all country.
I think price largely depends on demand and supply. I don't understand how the effects bitcoin against inflation. Yes, I agree BTC or cryptos else can affect the economic a country but I don't believe it will be the inflation. inflation depending on the commodity prices, request, inventory, etc. bitcoin can not affect the request or supply for goods or services anything (all everything). so, only the price is left.
The base of bitcoin-investors has changed, it has evolved and incorporated new layers of society. Those who invested only in stocks are now looking for opportunities in other assets amid growing instability in the classical markets
Lots of people dont understand how bitcoin works and some people said bitcoin is scam due of some fake news that bitcoin is fraud, Maybe nowadays some countries didnt legitimize bitcoin due of they should have further research and a proper knowledge before they accept bitcoin and introduce in their country so hoping bitcoin accepted as a legit digital currecy worldwide.
Legalize of bitcoin world wide is possible, but going to be very difficult, because of the nature and the operation of bitcoin, many countries see bitcoin as a threat to their country economy, so they will never accept bitcoin in their country.
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