Bitcoin will get legitimacy in all countries? - page 9.

Ailmand

hero member

Activity: 1274

Merit: 519

Coindragon.com 30% Cash Back

Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

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 goal, and also, I think that, currently, there is a big possibility and chance for that to happen because many countries, governments and business entities alike are already accepting the legitimacy and good possibilities that cryptocurrencies and the cryptocurrency market holds. As more and more trustworthy and big organizations and persons of power help in its continued rise, it would really be the key for the cryptocurrency market to reach greater heights and continue its rise. It's just a matter of time hopefully when its acceptance would be more solidified that would help the market become more stable and reliable.

InvestICO2L

full member

Activity: 420

Merit: 102

Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

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 more and more popular in the world and most of country accepted Bitcoin, some countries are building Legal framework for Bitcoin.
Government of some countries think that Bitcoin is harmful for their country and i think this is very normal because transactions in bitcoin is anonymous so it can totally be used for illegal purpose like money laundering, corruption.... but i think Bitcoin will soon accepted in all countries in the future when the regulations of using bitcoin are fully developed.

siguria

jr. member

Activity: 90

Merit: 1

i don tthink that all countries will accept and be positive to bitcoin cuz some says that it is not good for country and maybe they are right till somewhere but i think that most of them will legalize it since it is getting bigger and bigger every single day!

Blessed J

newbie

Activity: 178

Merit: 0

I believe we are so close to this dream judging from the impact bitcoin is making. As at now, bitcoin is ranked among the top 6 cryptocurrencies in the world and I believe greater things are coming. Bitcoin is getting more recognition and very soon, it will be accepted globally.

zhanyiguai261315

member

Activity: 392

Merit: 10

Because BTC is difficult to manage and monitor, some countries will prohibit BTC!
With the development of blockchain technology, the management of BTC and some cryptocurrencies will become simple!
BTC will be accepted by many countries!

Jorge158

member

Activity: 434

Merit: 10

This is the time we all await. Bitcoin has proven to be one of the strongest currencies in the world despite several negative news people spread. It is a great progress that some powerful countries like Germany have accepted cryptocurrencies. I believe that in some few years to come, cryptocurrencies will be accepted globally and this will make the world and easier place since transactions can be made easier with cryptos.

God

member

Activity: 169

Merit: 10

it depends a lot, i think that a lot of governments really need to consider it, but to be honest, i think that it is almost impossible on most countries

sultanali

newbie

Activity: 238

Merit: 0

Just because it got recent acceptance in South Korea we cannot assume that cryptocurrencies or bitcoin alone is on the verge of globally accepted cryptocurrency, the United States would be the greatest test since bitcoin is now a direct competition to the US dollar and the US is the gate to international legitimacy.

Nakakapagpabagabag

full member

Activity: 350

Merit: 100

BITDEPOSITARY - Make ICO's , More Secure

Quote from: jiandong on June 22, 2018, 08:01:58 AM

It seems very difficult to realize. It needs extra hard work for it. It also needs support from all parties. But there is one thing to remember. That it is difficult not mean can not. And everything in this world nothing is impossible. bitcoin can definitely be received in many countries in the world.

I think that the only country that legalize bitcoin is japan. Japan is a rich country, and as we can see, its economy is improving year by year, and now that they accepted bitcoin as a payment on their country, i think that they will be the richest country in the future. It was only in japan, i dont think that other countries will follow japans move, because other countries government only sees bitcoin bad side.

jiandong

jr. member

Activity: 98

Merit: 1

It seems very difficult to realize. It needs extra hard work for it. It also needs support from all parties. But there is one thing to remember. That it is difficult not mean can not. And everything in this world nothing is impossible. bitcoin can definitely be received in many countries in the world.

lzby2000

full member

Activity: 379

Merit: 100

From the current trend, bitcoin may get some Fiat payment function, but it is not strong enough to replace Fiat. It is because of the fear that bitcoin is destroying Fiat, so the government does not want bitcoin to be strong, and I think bitcoin is hard to get legal status in all countries.

popovlogi

newbie

Activity: 4

Merit: 0

There are very less chances of this happening all over the world. Some countries had already banned it and there is no question of making it legal.

Fbi_babs

newbie

Activity: 65

Merit: 0

Quote from: mineko on May 24, 2018, 06:09:30 AM

maybe so, because bitcoin has not been approved by the government, therefore there must be an awkwardness.

Well the earlier the government realize Bitcoin is here and here to stay the better. Cryptocurrency is the future

thegreatdodoy

newbie

Activity: 112

Merit: 0

Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

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?

No, Bitcoin legitimacy is limited only to some countries because some other countries did not accept bitcoin but instead they implement total banned the use of bitcoin in their countries because they think tha bitcoin is very risky investment and they don't want to harm their people.

callmeback

jr. member

Activity: 182

Merit: 2

It is difficult to say how long it will take to complete this process and whether all countries will legalize it. This is an internal matter of each state and no one has the right to interfere with them. Many countries banned bitcoin and there is some countries accept bitcoin. Some government see bitcoin as negative and some government see bitcoin as positive. Government who think or say that bitcoin is negative thing, because they think that if they accept bitcoin sooner or later their plan or system will not be supported by the people. I have not heard yet that states were afraid to legalize bitcoin, because it creates inflation. In my opinion, bitcoin has no value to inflation.

ListenMiss

newbie

Activity: 79

Merit: 0

One thing for sure in the coming years all countries open their hands on bitcoin, as of now they don't see the importance of bitcoin in the lives of their citizens

bankarpit

newbie

Activity: 84

Merit: 0

I dont understand why our government is still not aure about crypto. Our banks are banning a transactions related to crypto. It really need to be looked by government.

Blackwhite69

sr. member

Activity: 560

Merit: 250

Quote from: Bagaji on June 21, 2018, 10:37:20 AM

Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

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?

No doubt bitcoin can lead to inflation in a country particularly when it is overvalued and much of them are in the hand of the populace of a country, but its advantage is far higher than ist disadvantage

If the price goes back up it will make a big profit for Bitcoin builders with a lot but different if the price is going down.

Faeton

member

Activity: 308

Merit: 11

Quote from: mdyeatul on May 22, 2018, 07:11:41 AM

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 have not heard yet that states were afraid to legalize bitcoin, because it creates inflation. In my opinion, bitcoin has no value to inflation. States are afraid of bitcoin because of its high volatility and uncontrollability. These are the main reasons why the state so badly legalizes bitcoin. Therefore, it is difficult to say how long it will take to complete this process and whether all countries will legalize it. This is an internal matter of each state and no one has the right to interfere with them.

Liz D

newbie

Activity: 51

Merit: 0

If Bitcoin is approved in a country, definitely there would be inflation in the economy but that would only be in the start. If BTC is reasoned as an asset it would later get to a price where the volatility would be low then there would be no more inflation. But at start it is unavoidable.

Topic: Bitcoin will get legitimacy in all countries? - page 9. (Read 2868 times)