Topic: Bitcoin will get legitimacy in all countries? - page 39. (Read 2868 times)
It is possible for bitcoin to have a legitimacy in all countries but it is not fast as what we expect to happen though. It will take time and a lot of process for bitcoin to become or to attain legitimacy in a country because the countries especially the government are always careful in adapting new types of technology or system for their country.
It is possible for bitcoin to be accepted to all the countries in the world. We all know that bitcoin has a really big impact in a country's currency and also in its success, in this way, they can promote to use bitcoin for easier transactions and also they can use crypto currency where they can control it more and also the citizens can use it more convenient. Anything is possible.
yes more and more countries are now going to use blockchain and it will help to accept btc too
and btc will be accepted by most countries very soon.
and btc will be accepted by most countries very soon.
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?
More and more countries are now adapting Bitcoin in which most of these countries are powerful in talking of economy and military that can be a role model for Bitcoin in which even due they are already a rich countries but still they adapt Bitcoin currency investment as they strongly believed that Bitcoin will make their economy to become more strong and stable. With this progress other countries might follow their path and will just adapt Bitcoin investment for good.
On the contrary, bitcoin will not create inflation, as its limited amount is 21 million. Inflation is obtained only when the currency is issued in unlimited quantities, and then it physically ceases to be valuable. Regarding bitcoin, the countries will be divided into two camps: those who support the cryptocurrency, and those who prohibit it. This can already be traced in our time.
It will definitely face resistance by many, but by the time most countries probably will give it legitimacy.
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 it will takes a lot time for legitimacy of cryptocurrency. Bitcoin is to volatile for transaction and its the truth that no one could deny. Country such as singapore and japan is the bestplce for crytocurrecy. I do think we need coin more like tether for good transaction cause they got stable price. Maybe we need regulation that can reduce volatility of cryptocurrency so people could invest and bot afraid and affected by fud.
In England, the Bank of England believes that a crypto currency or virtual currency such as Bitcoin could pose a risk to financial stability in Britain if adopted on a wide scale. This warning is presented in a report on potential economic issues, arising from the spread of digital currency.
Bitcoin is essentially no risk because the scheme of its use is still small. But according to the Bank of England, it can change if Bitcoin grows significantly.
Banks continue to monitor the digital currency and the risks posed. If some people transact exclusively in digital currencies, the Bank's ability to influence the needs of these groups could be disrupted, Bitcoin is unlikely to reduce the Bank's ability to achieve monetary stability. If it can ultimately, in teror- tory, then this can change if pounsterling is abandoned for the sake of an alternative currency for the economy. But such a scenario is considered very unlikely at this time. Nevertheless, the Bank of England does not rule out the technology behind the digital currency can be used for various other things. Not just as a means of payment.
Bitcoin is essentially no risk because the scheme of its use is still small. But according to the Bank of England, it can change if Bitcoin grows significantly.
Banks continue to monitor the digital currency and the risks posed. If some people transact exclusively in digital currencies, the Bank's ability to influence the needs of these groups could be disrupted, Bitcoin is unlikely to reduce the Bank's ability to achieve monetary stability. If it can ultimately, in teror- tory, then this can change if pounsterling is abandoned for the sake of an alternative currency for the economy. But such a scenario is considered very unlikely at this time. Nevertheless, the Bank of England does not rule out the technology behind the digital currency can be used for various other things. Not just as a means of payment.
Most of those countries only fear lossing Monopoly of the economy by the so called government. As the technology improves and more useful projects coming on board, countries will have no.choice than to key into Cryptocurrency as a whole.
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 that in 5-6 years bitcoin will be legalized in most developed countries. The process of legalizing bitcoin has already begun and it will continue. Those countries that do not allow bitcoin risk falling behind in economic development. Japan has long legalized bitcoin. This is an advanced country, and we must take an example from it.
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 think Bitcoin will cause inflation to a certain country. Currently, when we want to spend our Bitcoins, we first convert it to our local money. So, we still use our local money to trade for goods and services. And since we have an extra money, our purchasing power increased. The increase of purchasing power will not result to inflation either. My country acknowlege the presence of bitcoin and the government is still working on regulating Bitcoin. This is I think a win-win situation. 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?
There is no clear reason for a country to argue that bitcoin can cause inflation. And I am also not convinced that the government is of such opinion, because the FUD will always be in cryptocurrency. I have looking for how this problem can be happened, but what I get is that bitcoin does not cause inflation for a country, even more bitcoin can help every country to avoid inflation, every society can use bitcoin as an investment place, as we know how to avoid inflation is by investment. 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?
For thier country and as per laws it is not suitable as the government wants the control of whatever they allow and on btc or other thing they might not have such control due to which they do not prefer. In such scenario they can ban use of such coins if they feel it can be harmful to them.
Not all countries maybe some other countries makes them legitimate they conduct opinions from thier country men for them to enhance properly and be matured by doing so good.
Although not currently considered a legitimate currency in any country and not guaranteed by any institution, Bitcoin still attracts many people, even in Indonesia.
Bitcoin has been developed with good intentions and anything developed with good intentions requires tremendous support to be accepted globally. Banks and governments are still unsure of the rules and they are already afraid - security, the dominance of external forces. It will take little convincing to make Bitcoin a legitimate means of payment.
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?
bitcoin is accessible to anyone and anywhere bad results of all investments bitcoin it all depends on the intentions and purposes of users, if every investor has a good tujauan of course the results of it all will get something good too 
It is deffinately what we are dreaming about, but sadly, we wont see this soon, because there is a countries that banned it already!
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?
Many countries are treating bitcoin as negative treat for their economy. They are thinking that Bitcoin is will do nothing with their cointry. So bitcoin is not welcome to their country.
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?
Hey, can you explain in just a few words what do you mean by harmful?
I get it that crpypto is not taxable, but is there anything more that you wanted to say?
Thank you.
Hello everyone, I think it's unlikely to happen. There will always be people who are afraid of innovations. They will be afraid of control on their citizens!
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