Topic: Bitcoin will get legitimacy in all countries? - page 30. (Read 2868 times)

I discovered  WhenHub and I wanted to know what it is exactly and that’s what I found about it : WhenHub Interface is a mobile app for connecting consumers to experts. This service will ease the consulting process and save a great amount of time for both sides.
Sounds cool doesn’t it?

this is false, you earn money for your abilities, but most part of money you spend stay inside the country you live, so that doesn't matter for inflation

Every instinct as an investor tells me to stay away from bitcoin, the online “crypto” currency invented by some mystery man and criticized by JPMorgan Chase chief executive Jamie Dimon on Tuesday as a “fraud.”

Dimon, one of the most powerful voices on Wall Street, said he would fire anyone trading in it because it’s “stupid.”

“It’s worse than tulip bulbs,” said Dimon, referring to the 17th-century mania that ended in collapse. “It won’t end well. It will blow up.”

Like most American investors, I am into vanilla savings like mutual funds, stocks, bonds and cold, hard cash. I don’t buy gold. I don’t trade in options. No derivatives for me. I don’t know how to trade in currencies. I don’t even buy lottery tickets.

[What’s behind the Dow’s stunning rise?]

I don’t know what to make of bitcoin. You can’t eat it, wash in it, wear it, drive it. But you definitely can spend it. The price had risen 300 percent this year to more than $4,000, but bitcoin’s value slipped Wednesday following Dimon’s comments.

 
A bitcoin sign in Toronto. (Mark Blinch/Reuters)
“It’s quite speculative,” said Arthur Levitt, former commissioner of the U.S. Securities and Exchange Commission. “I would consider investing in companies that use bitcoin, or trade in bitcoin. I’m not sure I would invest in bitcoin itself. It fluctuates for reasons that are hard to understand.”


But cryptocurrency is with us for the future, he said. “I don’t know whether it will be bitcoin or ethereum, to name just two. But it’s here to stay because of the disparity between countries where a monetary system is robust and countries where there is virtually no monetary system. This comes up as an alternative currency.”

It was created by an unknown person in 2009 under the alias of Satoshi Nakamoto. Bitcoins can be used to buy merchandise anonymously, involving lower or no fees and no banks.

I think Bitcoin will soon be legalized in all countries. Since all previous countries do not accept bitcoin, they may soon be acknowledged for bitcoin and provide legitimacy, and electronic money can be very beneficial to the economy of a country, so the The government does not want to miss this opportunity.

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.

Most countries are wary of the uncertainties in crypto currencies.
Would it ever be accepted globally?

I heard or read somewhere that it would be an infringement on 1st amendment to ban and in my opinion even regulate cryptocurrency as it's just a sequence of numbers and letters. You can't ban code. Where does it end? I feel like if this became a thing and the govt took steps to ban crypto the ACLU and all kinds of civil rights groups should step up and defend crypto users.

I do not think Bitcoin affects the inflation of a country. Bitcoin even able to improve the individual economy that provides prosperity for its users

Bitcoin will soon become legitimate in all countries as it is growing at a fast pace and has shown incessant technological developments and advancements which are very important for any country, therefore every county it very soon. Coins like Lamden are great for long term investments therefore most countries will be attracted towards it.

I think bitcoin will not be legit in all the country. And that will be ordinary matter. Because you can't earn everyone's love and you don't need that. You need most of the people's support, and bitcoin has those support. But I believe day by day, bitcoin will accept by most of the countries. I even think bitcoin will use in USA daily life, in China and Arabic countries.

I think gradually countries are accepting Bitcoins. It is going to be legalized in all countries in the near future very soon. It is bringing growth and economic stability to all the countries that have adopted it. PRG for example is a great cannabis coin that is providing with plants that are very important to cure certain deadly diseases.

not all countries legitimize bitcoin, there may be obstacles to growth.
hopefully year to year will experience a good development of course we just wait.

I think very few countries have announced bitcoin illegal. Not for the inflation issue, rather to protect their fiat. but I hope implementing proper set of rules and guideline, they will approve it for investment and transactions.

May be, but it will be very difficult because every government of a country has a different perspective and understanding of bitcoin. It is very difficult to make governments of different countries to be one of the same thoughts.

First of all, Bitcoin cannot be banned, because his payment value and the characteristics of anonymity are there. His demand will gradually increase with time. The state can only supervise and control risks as much as possible.

The process of legalization of crypto currency is a very long process. Many states really consider the decentralized crypto currency to be harmful to their country. This was clearly stated last September in China. Therefore, such countries will wait and look at the experience of using crypto currency in other countries. Only when such an experience is positive, they will legalize the circulation of the crypto currency in itself. Therefore, we need to have patience and not expect rapid results in this regard. Still, we are talking about the financial stability of each state and the state will not be in a hurry, especially since the decentralized crypto currency does not meet its interests, since the state can not fully control it.

Since orer countries now are starting to accept crypto currencies and bitcoin is thebleading digital money so why not legalizing it. In our country by next year BSP is now studying the work of blockchain.

In my point of view, it depends how government of each country accept the legitimacy of bitcoin. Countries have their own policies that need to be implemented to be able to embrace good governance. To have a better and strong nation for future generation lets just pray that everything well be okay.

Still in many countries bitcoin is unofficial because the government think that bitcoin may damage their economy but they have a wrong message about bitcoin. They should study about the bitcoin and then can decide whether to make it official.

In my opinion, Cryptocurrency fans argue that the introduction of futures trading will attract institutional and professional traders, giving legitimacy to a volatile market, which has been spotlighted by the rise in BTCUSD prices, which has sparked many warnings about the potential for bubbles.