Topic: BITCOIN'S CURRENT ISSUE - page 2. (Read 940 times)

that's true, but the fact is some always make a bitcoin related ban. If the bitcoin is legal, I think the bitcoin value will be back to normal and the market will be picking up more new investors. but it is unfortunately still a dream only. whatever happens with bitcoin now or later, I'll stick with it!

If the government will recognize bitcoin and legalize it, we can see a high increase of his value and a lot of people will start to use it, I mean new members, so the community will grow and automatically with this increase of people, bitcoin price will increase so much and we will pass this bad situation, I hope that the government will take this too seriously and rethink about that, because if think correctly about crypto, they will benefit from it so much in the long term.

I think the opposite will need to happen, bitcoin will first need to have a much higher demand and then only will government maybe make it legal. They wouldn't legalise it first without any pressure as bitcoin is kinda detrimental to them

No doubt, legality of the bitcoin is a hotly debated issue these days. When will bitcoin become legal, what will happen if bitcoin will become legal, blah...blahh... Now it is pretty much clear this current issue regarding bitcoin which was vague, years back, has been resolved at so many places now.

Legality of bitcoin has been accepted is now accepted in so many countries. And this welcoming acceptance by those countries has borne positive results only. Japan is a quintessential example for the same. I just hope all other countries also recognize the fact that how  important is it to accept bitcoin for the strengthening of the economy of their countries.

I think bitcoin should be made legal. Some countries have already legalized it which believe that their economy is benefited by it. Other countries still need to know its importance. Coins like TAU, ADA, POWR are working assiduously and they will definitely bring a change once accepted by the countries.

I do agree that bitcoin is suffering from legality issues by the government and it is time the government should really accept the exchange medium because it is favoured by so many users. If we look at coins like PRG, ICX, lisk etc, they are working great and prg for example is dealing eith cannabis which has healed so many people.

Some countries have already legalize bitcoin in their country, while other are thinking about it, i think that a number of issues are there related to bitcoin, but i think that the main issue in current time is the transaction timing and the transaction fees, i think we need to resolve these two important issues if we want bitcoin to become more popular.

Yes, many investors believe that one day Bitcoin will be legalized. Bitcoin will be used side by side with fiat money. But for that day to come, still a lot of time and acceptance is required.

Legality of bitcoin is not an issue here because it won't change the nature of bitcoin and how it operates. The fact that some countries allow it to be traded and for it to have been discussed in high level international summits show that it is well recognized. As far as I am concerned, fee and speed are issues.

Bitcoin has been facing a lot of issues since the beginning only this time people who are against it are more willing to pay black propaganda to destroy it knowing how potential it could destroy the current fiat currency..

Bitcoin is currently seeing a sequential decline of below 6k. The news that FB and TW and then Google prohibits the sale of tokens has a direct impact on the market. This is what I see most clearly.
Letting the government realize that Bitcoin may take a long time. But it would be better for us.

That affect the price now is not news about the legality and regulation bitcoin in some country. more to the problem of people who do dump and hacking issue. and as a ordinary user that can be done and may be just sharing and good news of bitcoin as well as its benefits. even the facts there is many Popular media already trying spread good new about bitcoin its not give much effect for right know . its market effect no one can shutter.
Most of goverment in many country for sure already realized this phenomenal. even the smallest country that is arguably less adaptable to the technology many already know what bitcoin is and they are more likely educate people too avoid this. because the fluctuative price can make thier citizen bankrupt or loss everything. they just mention price but didnt mention benefit of bitcoin it self.

- The things you give are not practical for me. What is the impact of Bitcoin and what is the most serious?
- Together with the Bitcoin community, it is worth supporting, but how?
- The government accepts Bitcoin as a precaution. This is really what everyone expects, when?

The biggest fear for government is that bitcoin can be used in illegal business and they can not detect it because of the anonymity. That's why some countries forcing laws on Bitcoin. But I personally against the regulation of cryptocurrency as if it happens then there is no difference between cryptocurrency and fiat money.  

Bitcoin can't be fully legal worldwide, some governments actually dislike the use of BTC and the crypto, for them because of BTC's anonymity and being a decentralized platform, governments would not be able to control or manipulate the flow of BTC, in simple words they cannot control BTC, because of this governments would instead mark BTC as neutral or ban it from their respective countries. What happens when BTC is banned on other countries, people then will be asking WHY is bitcoin banned on that country, then after that media can either spread negativity about BTC being used for drug, weapons and other transactions because of its anonymity, people then will start to stay away from BTC and recognize it in the most negative way possible, though we should not blame these governments, but we should be blaming the media and other influencers that spread negativity around BTC, though those negative thing about BTC is true, but I wanted to let these people know that positivity is also flowing around BTC, do not think of it as something only used in cruel ways, its also used in the most positive way possible, people have closed their minds about it and therefore would be hard for us to let them know that BTC will help us, this is the issue, the issue that we need resolve.

Some of the countries are accepting bitcoin.. Legality is not an issue, its just the government wants to control bitcoin..

I hate replying to threads with all capital letters in the subject but anyway.

The only thing that worries me is the power consumption of the network. All the other small issues can be easily fixed but if "they" find a solution to this tremendous amount of power required for a single transaction, nothing can stop the bitcoin anymore.

Its true in recent times bitcoin facing some problems like many countries are banned bitcoin. For this reason peoples are afraid to invest on this project. They also take some initiatives for removing this problem. I hope in near future bitcoin will overcome this problem.

Governments have very different priorities, [depends on developement/political caracteristics of each country] and decentralization doesn't tend to be one of them. In fact, government digital currencies could herald a new era of centralization, posing serious questions about privacy and the viability of true cryptocurrencies like bitcoin. This is the main issue of Bitcoin with governments!!
There's also some larger conceptual issues at play here; Bitcoin has proven that it's possible to create money outside of government-based financial systems, which forcing governments and central banks to ask questions about their role in the economies of the future. In my opinion, a digital currency which is backed, issued, and tracked by a government or a central bank authority would not be a cryptocurrency. So, governments and central banks should not have any major role in the economy of the future.

Irrespective of bitcoin being a legal or illegal currency would continue to attract crticism from some people unless probably, a change in perceptions of such people towards bitcoin would cast away the criticisms on bitcoin. Per my opinion, if government is to recognize bitcoin, there would be a good news and the good news is that, bitcoin will achieve a significant increase in demand which will directly increase the value of bitcoin as well as the crypto market.