How far bitcoin can progress in the financial world without legal acceptance - page 3.

#davidnugroho

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Quote from: AAKODI on September 17, 2018, 09:49:07 PM

We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?

You can State what do you think because your bitcoin investment depends on that

I think bitcoin is currently a currency that is not yet legal but in some countries bitcoin has been recognized and used in various countries so bitcoin will always be developed again and will develop and become better so don't be afraid to invest in bitcoin.

vit05

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Quote from: magneto on September 21, 2018, 06:48:14 PM

Quote from: AAKODI on September 17, 2018, 09:49:07 PM

We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?

You can State what do you think because your bitcoin investment depends on that

Bitcoin is a legal currency in the majority of the countries around the world.

I think what you mean by your post is really that bitcoin is not the recognised legal tender currency per se of any country worldwide, nor is it officially endorsed in the overwhelming majority of countries. But still, most governments at the moment take a neutral stance of bitcoin and regulate some businesses, without directly restricting the access of it.

I'd say that there is no problem with bitcoin not being legal tender in the long run because it's independent from fiat in the first place, that's what it's designed for. I honestly don't think it'll affect adoption whatsoever. The only concern would be if governments outright ban bitcoin use in their jurisdiction, but even then, these restrictions are hard to uphold because bitcoin itself is decentralised.

This is the great difficulties that many have about Bitcoin. Nowhere in the world is it totally forbidden, meaning no one will ever be arrested for buying or selling Bitcoin today.

What Bitcoin is lacking in many countries is regulation and understanding of what it is before regulatory organizations. This hampers the entire ecosystem related to Cryptocurrencies since many companies and exchanges often have no license to operate.

pumbum

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the longer bitcoin is not banned, the sooner it will be allowed, because more people will know about it

NivelMac

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I don't think bitcoin can progress long in the financial world without legal acceptance because bitcoin is now banned in some countries. Bitcoin need some regulation to be accepted

MrThang

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The legality of Bitcoin depends on who you are, where you are in the world, and what you’re doing with it.

Every single fiat currency in the world is created, released and controlled by a single entity – in most cases a central bank. Bitcoin offers an efficient means of transferring money over the internet and is controlled by a decentralized network with a transparent set of rules, thus presenting an alternative to central bank controlled fiat money. As it’s becoming more and more mainstream, law enforcement agencies, tax authorities and legal regulators all over the world are trying to wrap their heads around the concept of cryptocurrency and where exactly does it fit in existing regulations and legal frameworks.

Al-e_x

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I think that bitcoin will create a market that is in great demand by the world. and that will make the bitcoin market always have good progress, today and in the future, so that the existence of bitcoin can survive until bitcoin becomes a legal currency.

on the other side, bitcoin is not an illegal currency, but bitcoin only takes time to be accepted by the world.

magneto

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Quote from: AAKODI on September 17, 2018, 09:49:07 PM

We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?

You can State what do you think because your bitcoin investment depends on that

Bitcoin is a legal currency in the majority of the countries around the world.

I think what you mean by your post is really that bitcoin is not the recognised legal tender currency per se of any country worldwide, nor is it officially endorsed in the overwhelming majority of countries. But still, most governments at the moment take a neutral stance of bitcoin and regulate some businesses, without directly restricting the access of it.

I'd say that there is no problem with bitcoin not being legal tender in the long run because it's independent from fiat in the first place, that's what it's designed for. I honestly don't think it'll affect adoption whatsoever. The only concern would be if governments outright ban bitcoin use in their jurisdiction, but even then, these restrictions are hard to uphold because bitcoin itself is decentralised.

Hatuferu

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Quote from: kotajikikox on September 21, 2018, 06:06:07 PM

We need to accept the reality with the support of the government of every country bitcoin not going to progress, the legality of bitcoin in very country are need to process to achieve the goals.

So we need to support and convince the worldwide government to adopt bitcoin as leagal tender and explain them about the capability of cryptocurrency how to help to grow in the economy.

I know this will happen in the long run but as for now,it's hard to convince the government to adopt it so it will become a legal currency.But i believe even if the government do not see it as a potential currency today,it will still continue to make progress and continue to grow its demands in the next years.

becak mesin

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Bitcoin has existed around for almost a decade and it rapidly becomes recognized payment method in many countries. It is the proof that Bitcoin is able to grow, even rapidly growing even though the legalization is still to be a concern in many countries. It is a code and good sign that bitcoin will grow more and more. It definitely needs process to prove the potential of Bitcoin and the widespread today is the proof of Bitcoin progress during a decade.

The believe and attitude to Bitcoin is keep going to grow that many countries. It can be used either a lucrative investment or a legal means of payments. The progress of Bitcoin even beyond of Creator expectation that it is becoming a well recognized globally and it will grow go to the roof top of the price.

kotajikikox

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We need to accept the reality with the support of the government of every country bitcoin not going to progress, the legality of bitcoin in very country are need to process to achieve the goals.

So we need to support and convince the worldwide government to adopt bitcoin as leagal tender and explain them about the capability of cryptocurrency how to help to grow in the economy.

dothebeats

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Bitcoin managed to grow from cents to a thousand of dollars without legal intervention and recognition from 2009 to 2013. From a community of enthusiasts and developers, we grew into a community wherein almost all walks of life are involved. We managed to get the cashless revolution growing by simply existing and talking about things we 'think' would be better for the society. Bitcoin managed to grow and develop without government acceptance, and right now, everything is just a plus considering that many people are already considering to see it out and think whether going 'cashless' would be better for them.

Sooner or later, government intervention would be there. It's inevitable, especially to a growing cause that started as a vision and can potentially spark another global movement towards a better society.

Kaznachej123

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Quote from: AAKODI on September 17, 2018, 09:49:07 PM

We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?

You can State what do you think because your bitcoin investment depends on that

How do you like this news? SEC approved cryptocurrency exchange, Circle Invest lists 4 projects: EOS, Stellar[XLM], 0x[ZRX], and Qtum More info read: https://blockmanity.com/news/exchanges/sec-approved-cryptocurrency-exchange-circle-invest-lists-4-projects-eos-stellarxlm-0xzrx-qtum

javadsalehi

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In most of the countries, bitcoin is not accepted as a payment. But it's not illegal. Bitcoin is now growing because the community expect it to become a common currency in future. This demand and also increase of its popularity, causes the grow to continue. Even if bitcoin doesn't become a common currency it will continue to grow as a commodity.

Vaculin

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Winding down.

Quote from: andreijoaquin on September 21, 2018, 04:40:38 PM

It has been a decade now since bitcoin as well as crypto currency started to enter the market and even without the support of most countries especially government it remain strong and very appreciative thru the years, so I guess bitcoin can go even further more than anyone cpuld expect it. The market is still moving and growing so as long as people support it, it will continue.

Right.It has already been growing even without the mass adoption of the government so i think the progress of bitcoin is becoming more inevitable especially now that it's having more exposure and particularly more demands from the users ,holders and investors themselves.

dablatair

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Hello,

BTC could continu to progress, like he already did for the moment without rules but if we want to obtain the full potential with mass adoption I think it will be almost obligatory to ave a minimum rules in order to attract institutions and countries then lambda people. and small regulations will not necessarily kill the BTC purpose.

andreijoaquin

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It has been a decade now since bitcoin as well as crypto currency started to enter the market and even without the support of most countries especially government it remain strong and very appreciative thru the years, so I guess bitcoin can go even further more than anyone cpuld expect it. The market is still moving and growing so as long as people support it, it will continue.

farosa

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1 & 0 😏

The difference of cryptocurrency from other financial sectors is that it is decentralized. So no one can't affect price, just buying-selling. I mean, price can increase and decrease as much as you can't imagine.

ribowo76

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The World's 1st Waste to Green Energy DLT Project

I believe, bitcoin will not die without the legality of the government. Although possible, without legality, bitcoin will be difficult to develop quickly. But I believe, someday. More and more countries will legalize bitcoin

Slow death

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: pat4cryptoreal on September 18, 2018, 12:21:02 AM

If the government remains neutral without disturbing it citizens for using bitcoin it will go far.

this is true, just a few governments like china and india that are being enemies of bitcoin

Quote from: AAKODI on September 17, 2018, 09:49:07 PM

many political barriers

The biggest problem today is the fact that many countries in the world are poor and governed by ambitious people who only think of stealing money, if poor people do not have access to technology. they will not use bitcoin

pedagang2

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I think the government will not continue to refute or not accept bitcoin, because of a negative perspective.
and if one day many governments legalize bitcoin as a means of buying and selling online. then it is also possible that all countries will legalize bitcoin in their countries.
we really need to worry about that, but we don't need to be panic to have bitcoin. Wink

Topic: How far bitcoin can progress in the financial world without legal acceptance - page 3. (Read 778 times)