Topic: Bitcoin will get legitimacy in all countries? - page 40. (Read 2868 times)
In future digital currency become worth full and paper money would be worthless cause world becoming more digitalised and people are addicted by virtual currency. So very possibility to become legitimate bitcoin.
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?
Looking at the facts that happen then Bitcoin price changes can quickly create inflation and chaos in a country. This is because the price of bitcoin may decrease and increase dramatically. This is exactly what the government wants to avoid, they want to maintain economic stability in the country. But what I think now is that the state should be able to support by making a rule, because with the existence of regulations that apply the Bitcoin market situation can be much more stable, indeed if applied it must be done by many countries because if only part of the country then I do not sure it can go smoothly. 
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?
Well, in any country there are different governments which has a different definition and interpretation about Bitcoin system. There are responsible in doing or making decisions for their country. But in the other side, those country that believes that bitcoin was created inflation to their country, well I think that they never know what exactly Bitcoin system can gives to their country to make it much better and they never know what is the true essense of it. However, I believe that someday they will realize that they are wrong and there comes the time that they truly adapt and leagalizing bitcoin in 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?
Bitcoin isn't harmful otherwise it is a very useful tool to make one individual have money and make their life lift up from being poor. I know that many country is in poor state that is really in need of money. And I hope that government will know the good benefit of it.
Not all countries. Bitcoin will be regulated initially from the First World, then developing nations would follow suit. Countries at war or with internal conflicts would probably be too busy to worry about bitcoin.
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?
Inflation does not the main reason why some countries banned and regulated the bitcoin. They don't want bitcoin to exist because they know that bitcoin brings harm to their citizen as well as the economy due to the fact that the bubble thing and volatility may occur in bitcoin.When it comes in legalization, I think more years to go, humanity will realize how bitcoin really contributes to the society. As of now, it is unclear yet because a lot of threats are being formed by bitcoin scam in our society.
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?
Well i think it depends, maybe some countries will and some others will ban it and others will stay neutral, for countries where they have the resources and the technology to monitor transactions to keep the money that is coming in and coming out clean and not getting to the wrong hand they will accept it and for the same reason others might ban it, and the smaller countries where they can't do that they will just stay neutral. 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?
How does bitcoin create inflation within any country?
That proposition is just absurd in my opinion. Even if bitcoin's value skyrockets, it wouldn't result in fiat inflation. Fiat inflation occurs usually as a result of the actions of a central bank, like lowering the interest rates, or in the long run, just printing more currency. It has nothing to do with bitcoin whatsoever.
I think that there are a lot of countries whose governments are actively anti bitcoin, and other governments that are pro-bitcoin. I honestly think that bitcoin is gaining legitimacy, and in the future we'll see more countries if not all regulate the bitcoin markets instead of banning it altogether.
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?
As much as we love hearing the legitimacy and acceptance of bitcoin and other cryptocurrencies in all countries, in my opinion, this would not gonna happen because of an internal factor that happens in every country such as existing laws that affects the legality of bitcoin. Some government declared it as illegal because the transaction is anonymous this can be used for money laundering and tax evasion.
Many countries already used and legalize bitcoin as a mode of payment and the others are getting interested to adapt the cryptocurrency system, but some others banned it.
O Promote and legalize it.
O Looking forward to accept but has a barriers on approving
O Already know but It doesn't take action on adapting or dump the system.(neutral)
O Curtailed the cryptocurrency but did not banned it.
O Banned it totally.
O Promote and legalize it.
O Looking forward to accept but has a barriers on approving
O Already know but It doesn't take action on adapting or dump the system.(neutral)
O Curtailed the cryptocurrency but did not banned it.
O Banned it totally.
Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country.
Inflation is created by the goverment not bitcoin, it's up to them if they accept the innovation or not.
I think it should be like that. But unfortunately, some of the bitcoin's ads are being done in the wrong direction by some who do not know themselves. This leads to new investors always being cautious. As a result, it is always priced badly.
You should know that bitcoin never experienced inflation and also will not have an inflationary impact on the economy. that's not the main problem, because bitcoin is able to maintain the value.
if the state legalizes bitcoin, then bitcoin will create economic stability, not create inflation.
In my own opinion,bitcoin will have its own time to become legitimate in all countries if its market price will become stabled too.The government will not adopt bitcoin if it continues to be very volatile because it would really create confusion to the people particularly for those who do not know bitcoin and don't even know how to use it. if the state legalizes bitcoin, then bitcoin will create economic stability, not create inflation.
While one might say that bitcoin will end up genuine in many states. In any case, regardless of whether he will turn out to be so in all nations, while talking too soon. To be sure, numerous states are not inviting towards bitcoin and when all is said in done to the digital money, since it is uncontrolled and permits relatively uncontrolled withdrawal of cash from the nation. Bitcoin is excessively costly and shows itself as a budgetary air pocket, which is exceptionally dangerous for interest in it from nationals of any state. Subsequently, the digital money for the state isn't a decent marvel and is evaluated questionably.
I think that this is relevant for technological and rich countries. Currency and technology is an expensive entertainment. Not all countries can afford it.
You should know that bitcoin never experienced inflation and also will not have an inflationary impact on the economy. that's not the main problem, because bitcoin is able to maintain the value.
if the state legalizes bitcoin, then bitcoin will create economic stability, not create inflation.
if the state legalizes bitcoin, then bitcoin will create economic stability, not create inflation.
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’s the ultimate dream and I think I also am a believer that someday, the countries from all around the world would appreciate and get to experience the power of the cryptocurrencies. With bitcoin in tow and the cryptocurrency opening up avenues for the worlld, t is only a matter of time before this issue is raised and discussed about to have a conversation on the regulations or sanctions needed for the cryptocurrency market
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
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.
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
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.
This is a good concept, and it's positive.
Eventually, (i hate using this lazy word), bitcoin presence will be the momentum that change how we perceive money, as a trade medium, as a currency and as an asset.
bitcoin can not be stopped because bitcoin is future digital money, so I think in the future any country that thinks bitcoin is dangerous, will start rethinking and start receiving bitcoin or crypto, because crypto will be very useful and improve the country's economy.
Yes. It is actually possible for bitcoin to be accepted as a legal tender world-wide,it can only take a while. With volatility decreasing,increased awareness and orientations,it is quite possible
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 are countries in which the cryptocurrency is legalized, there are those in which it is prohibited. There are also countries that prepare the legal framework for legalization. To say, when all the countries of the world legalize bitcoin - it is impossible)Jump to: