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Topic: Bitcoin will get legitimacy in all countries? - page 32. (Read 2868 times)

newbie
Activity: 64
Merit: 0
Bitcoin doesn't lead to inflation. Instead, it may cause deflation. People have to exchange fiat money for Bitcoin. Therefore, the fiat currency is pushed out of the circulation.
As for Bitcoin acceptance, I think it's less likely to happen, at least in the short term. First, Bitcoin as well as other coins is so new to the world market that almost every government feels embarrassed to lay legal grounds for it. There are too many problems taking time to research and make law. However, in the long run, Bitcoin may get more attention and get legitimacy in more countries. But I don't think "all countries" is feasible.
newbie
Activity: 107
Merit: 0
Inflation depends on the price of the commodities, demands, supplies etc. Bitcoin cannot effect the demands or supplies for any goods or services (allmost all). So, only the price is left out. But the price mostly depends on the demands and supplies. I don't understand how come Bitcoin effects the inflation. Yes, I agree BTC or other cryptos can effect the economy of a country but I don't believe it would be the inflation.



others are still on the observation, but the people are aready joining bitcoin and other cryptos, using it and investing on it even their countries prohibit them from using it.We only need one country, that one chance and I think it is very possible considering how far we all have gone
full member
Activity: 490
Merit: 101
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?

This can happen when the governments must have found the advantages the bitcoin offers above every of the negativities/disadvantages it tends to pose at the moment. Adaptation of the cryptocurrencies is happening soon and the governments of countries not in support of the cryptocurrencies will start having a reconsideration.
sr. member
Activity: 882
Merit: 269
is it true that bitcoin will gain legitimacy in all countries if it is true I do not believe because not all countries have the same thoughts and ways to accept bitcoin legality and everything is technology dependent, never know that bitcoin can become legal in every country developing Wink

Maybe not all since there are smaller countries that will be affected too much . Also there are problems with regulation as there governmemt will not consider for several reasons especially the effect to thier economy.Though anyone can access bitcoin in any country as long as they have connection to internet but if a country declare it as illegal, you  have to follow.
member
Activity: 425
Merit: 10
I think one day Bitcoin will get legitimate. Bitcoin is one of the great innovations we have right now and its a start for digital currency. We just have to wait for the government to acknowledge its presence and envision far enough to see that one Bitcoin can help a country, especially its citizens.
full member
Activity: 285
Merit: 100
is it true that bitcoin will gain legitimacy in all countries if it is true I do not believe because not all countries have the same thoughts and ways to accept bitcoin legality and everything is technology dependent, never know that bitcoin can become legal in every country developing Wink
member
Activity: 322
Merit: 10
Bitcoin will get legitimacy in all countries , from time to time this could be happenning , some countries are already adopting the cryptocurrency , but others are still on the observation, but the people are aready joining bitcoin and other cryptos, using it and investing on it even their countries prohibit them from using it.
newbie
Activity: 196
Merit: 0
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 the legitimacy of bitcoin will come sooner or later. But the governments of many countries will resist this process, since bitcoin is not under their control. And this is an endless struggle for power and influence. Indeed, many states are not very friendly with regard to bitcoins and generally crypto currency, because they are uncontrolled and allow almost uncontrolled withdrawal of currency from the country. Therefore, the crypto currency for the state is not evaluated ambiguously.
sr. member
Activity: 493
Merit: 250
i think near future will not probably. but when governments seen and understand what bitcoin is, it is possible.
newbie
Activity: 78
Merit: 0
I think that this is relevant for technological and rich countries. Currency and technology is an expensive entertainment. Not all countries can afford it.
member
Activity: 71
Merit: 10
yes, bitcoin will gain legitimacy in all countries. Although the state forbids the use of bitcoins, many people still use bitcoins.
newbie
Activity: 130
Merit: 0
If bitcoin enters into a state without regulation by government, it is likely to inflate in that country. But if bitcoin wants to get legitimacy from a country, then bitcoin should be ready to adjust to the rules and economic conditions in that country.
newbie
Activity: 29
Merit: 0
There are many countries where bitcoin is banned. This is usually a country of southeastern Asia
sr. member
Activity: 2296
Merit: 315
SOL.BIOKRIPT.COM
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 you are too inconsequential. bitcoin is not dangerous specifically for any country that prohibits it. but rather for the prevention of things that are abused by irresponsible people. such as terrorist financing, money laundering, drugs and scams.
member
Activity: 329
Merit: 10
to be able to get bititonin legitimacy takes some time to be used for all countries because for now bitcoin is still a problem in every country so it is still difficult to use in various countries.
full member
Activity: 1498
Merit: 146
I think that most countries in the world may not legalize bitcoin. Once the legalization of bitcoin, it will have a great impact on the finances of those countries. At present, human society cannot yet be completely decentralized.
They have no other choices if the people adopted to the crypto currency system so they need to regulate the crypto currencies as soon as possible to make more revenues.
newbie
Activity: 12
Merit: 0
Yes, I expect this to happen. I just read another post about some countries paying their employees in bitcoin. If this is already happening it seems like a good indicator that it will spread worldwide.
full member
Activity: 728
Merit: 101
Bitcoin is the currency of this age
Yes sure Bitcoin will be approve globally and become a legitimate currency globally if there can be a means through which there can be transparency and government can have access to currency transaction taking place in there country globally.
member
Activity: 122
Merit: 10
In fact, there are a lot of countries banning bitcooin at the moment, and that is one of the main r easons of why there are a lot of people worried about this situation.
hero member
Activity: 1372
Merit: 503
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?

That is actually the vollective dream of the whole of the cryptocurrency users in the world. If bitcoin gets legitimized into one country where it is wifely recognized to be on par with their physical currency then I think that, that would be the turning point, the fulcrum in which things would be able to get up and be better. We only need one country, that one chance and I think it is very possible considering how far we all have gone
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