Topic: How will you feel when your government make BTC legal? - page 5. (Read 699 times)
Bitcoin is mostly legal as a commodities, just few strict and private countries are ban Bitcoin. Since most users are seems to be happy if Bitcoin is legal, I think what they mean are Bitcoin is become legal tender. I'm not completely sure why many people are seems to be happy if Bitcoin become a legal tender, it just make the government will trying to control every users' holding and asking KYC. Although it do increase Bitcoin adoption, but I'm not happy when the government want to be more serious to regulate Bitcoin.
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My way to class this morning with some of my lovely course mate, someone raise this question that if our government decide to adopt BTC or make BTC legal how will i feel? I told him that the day our government will announce that BTC is now fully legalized in the country, I will throw a big party to host all the bitcoiners in my environment to join me to celebrate. If your government decide to adopt BTC or make BTC legal in your country, how will you feel? Will you be among the people that will be angry because i know there are some people in our various places that think BTC is a scam digital currency which is not true, will you go to make them to understand it better in a positive way?
To be honest, I really don't care whether the government will accept Bitcoin. Because I use Bitcoin as an investment, a place to store assets, and I don't want anyone to know it, whether the government is legal or not, I have never cared. I am wondering, people always praise Bitcoin's privacy but everyone wants the government to accept it. How, when Bitcoin is widely used, will it get privacy?
But if people are outraged by that, the government should explain that bitcoin is not a scam and that what they understand is wrong. It's time to open their minds to understand the real problem because maybe they are deceived because they have joined an investment program in the name of bitcoin even though it has nothing to do with the bitcoin project.
Even in countries where bitcoin is banned, people are still using crypto because of the benefits. It is very hard to regulate crypto in general even for the government. One example of this is in China where people are still using Bitcoin to pay for different types of services.
However, I am in full support of all governments throuhoght the world making crypto legal. In fact, bitcoin should be made a legal tender so that it can be used like currency. Then we will see it being adopted even by small stores as a means of payment.
However, I am in full support of all governments throuhoght the world making crypto legal. In fact, bitcoin should be made a legal tender so that it can be used like currency. Then we will see it being adopted even by small stores as a means of payment.
if the government legalizes bitcoin, of course we are all very happy for the decision, because bitcoin is indeed a digital currency that must be protected and can provide great benefits for the community and can increase income in a country, and we as bitcoiners certainly have to make a thanksgiving event because what we are proud of now has finally been legalized by the government, But we also have to know that there are good and bad sides because not all of our government regulations can live up to the fullest.
My way to class this morning with some of my lovely course mate, someone raise this question that if our government decide to adopt BTC or make BTC legal how will i feel? I told him that the day our government will announce that BTC is now fully legalized in the country, I will throw a big party to host all the bitcoiners in my environment to join me to celebrate. If your government decide to adopt BTC or make BTC legal in your country, how will you feel? Will you be among the people that will be angry because i know there are some people in our various places that think BTC is a scam digital currency which is not true, will you go to make them to understand it better in a positive way?
Well in my country btc is already legal but it is used by so many scammer, that is why most of the people think that btc is scam, but if we do research btc is not a scam the scammer only used bitcoin to scam others that is why the image of btc is not that clear in here and it is now ignored by so many people. Well, I'm a bit difficult to understand the people in your country. I think people who have not used Bitcoin so far because the government has not accepted it as legal, so people think that Bitcoin is a violation. But for a country, if Bitcoin has been recognized, there is no reason to consider it a scam, if everyone says it is a scam, it is not different from telling your government is also a scam. What about money? Money is also used by criminals, is it a scam?
If the government of my country were to adopt BTC or make it legal, I would feel extremely happy as it would demonstrate a significant development in the recognition and legitimization of cryptocurrencies. This would indicate a growing acceptance of this new form of currency, and I would be excited to participate in any event or celebration to commemorate the occasion. Although some people might be doubtful or suspicious of BTC, I would remain positive and respectful when explaining its advantages and potential, hoping to educate them in a non-judgmental way. Overall, I believe that the adoption of BTC by governments worldwide would be an optimistic step forward for the entire cryptocurrency community.
I will be very very happy if my government announce that bitcoin is legal from now on in country. Maybe I would give a party to my mates at my place to celebrate that happiness and joy.
I’m sure some people thinks that bitcoin is scam or things like that, but I’m not among those and I would be very happy on such announcements
I’m sure some people thinks that bitcoin is scam or things like that, but I’m not among those and I would be very happy on such announcements
My way to class this morning with some of my lovely course mate, someone raise this question that if our government decide to adopt BTC or make BTC legal how will i feel? I told him that the day our government will announce that BTC is now fully legalized in the country, I will throw a big party to host all the bitcoiners in my environment to join me to celebrate. If your government decide to adopt BTC or make BTC legal in your country, how will you feel? Will you be among the people that will be angry because i know there are some people in our various places that think BTC is a scam digital currency which is not true, will you go to make them to understand it better in a positive way?
To be honest, I really don't care whether the government will accept Bitcoin. Because I use Bitcoin as an investment, a place to store assets, and I don't want anyone to know it, whether the government is legal or not, I have never cared. I am wondering, people always praise Bitcoin's privacy but everyone wants the government to accept it. How, when Bitcoin is widely used, will it get privacy?
Actually, Bitcoin is already legal here in my country. It may not be a legal tender, but it is legally accepted, albeit not as a currency if my memory serves me right. But it surely could be used for payment, although once transactions reflect in the books, they will probably be denominated in fiat and not in Bitcoin or Satoshis.
There is even an undergoing effort here to create our own version of Bitcoin beach, probably inspired by El Salvador's Bitcoin beach. Some players are trying to replicate that here. Lightning payments are also accepted. So far it has limited success.
There is even an undergoing effort here to create our own version of Bitcoin beach, probably inspired by El Salvador's Bitcoin beach. Some players are trying to replicate that here. Lightning payments are also accepted. So far it has limited success.
My way to class this morning with some of my lovely course mate, someone raise this question that if our government decide to adopt BTC or make BTC legal how will i feel? I told him that the day our government will announce that BTC is now fully legalized in the country, I will throw a big party to host all the bitcoiners in my environment to join me to celebrate. If your government decide to adopt BTC or make BTC legal in your country, how will you feel? Will you be among the people that will be angry because i know there are some people in our various places that think BTC is a scam digital currency which is not true, will you go to make them to understand it better in a positive way?
Well in my country btc is already legal but it is used by so many scammer, that is why most of the people think that btc is scam, but if we do research btc is not a scam the scammer only used bitcoin to scam others that is why the image of btc is not that clear in here and it is now ignored by so many people. 
It helps in creating more space for cryptocurrency and it's awareness. People need to understand well about it and get into the market. When there is support from the government, the scams in the name of cryptocurrency can be reported and the same helps in creating good reputation for cryptocurrency Market.
It may have a big difference if my government considers BTC as legal tender, its already legal to use BTC here but the adoption is too slow I can only see 2 stores accepting BTC in my city. If it's the only reason that merchants will tend to accept BTC, then surely I would be happy to use my BTC to buy something from them.
Keeping your privacy is better than partying and announcing to the public that you are an investor makes you look rich target for criminals.
i would rather keep it to myself as well and not partying with other people. if the government will make it fully legal, it means, they also have tax protocols on this market. so do you really want this to happen, especially if you are just a small holder of btc? i guess not. most of us here want tax-free btc transactions. but if the govt will be strict about it, definitely, they will put those tax protocols in place.
My way to class this morning with some of my lovely course mate, someone raise this question that if our government decide to adopt BTC or make BTC legal how will i feel? I told him that the day our government will announce that BTC is now fully legalized in the country, I will throw a big party to host all the bitcoiners in my environment to join me to celebrate. If your government decide to adopt BTC or make BTC legal in your country, how will you feel? Will you be among the people that will be angry because i know there are some people in our various places that think BTC is a scam digital currency which is not true, will you go to make them to understand it better in a positive way?
I'll be very happy and have more confidence in what I'm doing, considering the illegal use of it in the country and strict rules being put in place to regulate or prohibit its use. The adoption and acceptance of Bitcoin will increase as it becomes legal tender irrespective of the country. Many people are simply waiting for government approval to begin saving or investing with bitcoin. This news will undoubtedly be beneficial, and I anticipate that it will occur in every country around the world.
My way to class this morning with some of my lovely course mate, someone raise this question that if our government decide to adopt BTC or make BTC legal how will i feel? I told him that the day our government will announce that BTC is now fully legalized in the country, I will throw a big party to host all the bitcoiners in my environment to join me to celebrate. If your government decide to adopt BTC or make BTC legal in your country, how will you feel? Will you be among the people that will be angry because i know there are some people in our various places that think BTC is a scam digital currency which is not true, will you go to make them to understand it better in a positive way?
^Most countries now are BTC-friendly and I don't think how many of them decided to become legal tender.Talking legal tender is difficult for the government side which is why until now recognition is the best way to show their support. If the government were to make BTC legal, it would be important to educate people about what Bitcoin is and how it works. This could help dispel any misconceptions or fears that people might have and encourage them to approach Bitcoin with an open mind. Educating people about BTC's potential benefits and risks would help them make informed decisions about whether to invest in it or not.
Neuroticfish, the country I came from BTC is illegal which is a big worry to us bitcoiners in the land but there are some promise some of the presidential candidates made during our general election that just concluded few days ago, that they will make Blockchain technology and cryptocurrencies available for the youths to make progress like El Salvador country.
Most promise has been broken but at least these candidates have an idea about Bitcoin and could probably bring this to legality. Of course, we feel happy and could really have peace of mind holding it without thinking that the authorities may seize Bitcoin because it was illegal in the country. Now that it has some light, the more it encourages netizens to invest, stores to accept Bitcoin, and discuss more about crypto.
But based on your OP, I don't think we need to create a party for celebrating it, that was too much. But it was your way of celebrating it - you have the freedom to do it.
I think I'll be glad because now those who have been scared that Bitcoin might start to change their view of Bitcoin and the adoption of Bitcoin will surely increase and most service will eventually start implementing Bitcoin as a payment method in their businesses and that would be a wonderful feeling. And it's definitely going to affect Bitcoin market in a positive way because the demand of Bitcoin Will surely increase and those who have been hodling reasonable amount of BTC for quite sometime might end up making good profits from their stash.
You'll only just end up wanting your money, while not just use that money to invest in Bitcoin or perhaps since its now legal in your country you might want to invest the money by buying thing that will allow you increase the awareness of Bitcoin and also in educating them about Bitcoin in your country or community that way others can still join you in Bitcoin ecosystem.
I will throw a big party to host all the bitcoiners in my environment to join me to celebrate. If your government decide to adopt BTC or make BTC legal in your country.
You'll only just end up wanting your money, while not just use that money to invest in Bitcoin or perhaps since its now legal in your country you might want to invest the money by buying thing that will allow you increase the awareness of Bitcoin and also in educating them about Bitcoin in your country or community that way others can still join you in Bitcoin ecosystem.
It will be my most desired surprise, to be completely truthful. Because my government now gives Bitcoin absolutely no recognition. Also, the government is overly restrictive when it comes to Bitcoin use. Someone must be punished if they are found out. If the government decides to legalize it in that circumstance. I'll be too thrilled. I own Bitcoin and will also accept it for payment in my business. All we have to do is make it legal, and we'll celebrate differently.
My way to class this morning with some of my lovely course mate, someone raise this question that if our government decide to adopt BTC or make BTC legal how will i feel? I told him that the day our government will announce that BTC is now fully legalized in the country, I will throw a big party to host all the bitcoiners in my environment to join me to celebrate. If your government decide to adopt BTC or make BTC legal in your country, how will you feel? Will you be among the people that will be angry because i know there are some people in our various places that think BTC is a scam digital currency which is not true, will you go to make them to understand it better in a positive way?
Pretty sure you guys have some pretty heavy restrictions against bitcoin in there, or your country has outrightly banned you. That's besides the point though. The fact that a country could even control bitcoin in manners like these irks me sometimes, coz it makes me ask if bitcoin's decentralized nature is really that powerful enough to warrant being used in some places, and then I remember if it weren't this decentralized governments left and right will have vied for power already since bitcoin's takeoff in 2018.It may have a big difference if my government considers BTC as legal tender, its already legal to use BTC here but the adoption is too slow I can only see 2 stores accepting BTC in my city. If it's the only reason that merchants will tend to accept BTC, then surely I would be happy to use my BTC to buy something from them.
Keeping your privacy is better than partying and announcing to the public that you are an investor makes you look rich target for criminals.
It may have a big difference if my government considers BTC as legal tender, its already legal to use BTC here but the adoption is too slow I can only see 2 stores accepting BTC in my city. If it's the only reason that merchants will tend to accept BTC, then surely I would be happy to use my BTC to buy something from them.
Keeping your privacy is better than partying and announcing to the public that you are an investor makes you look rich target for criminals.
In my case, the country where I am from has already set some basic legality on Bitcoin, which means it is perfectly legal to buy, sell and hold Bitcoin in this territory.
It has been this way even since before I started to get into Bitcoin and learn about it.
on the other hand, Bitcoin is not legal tender here (I do not expect it to be anytime soon), if some mirage happened and we got Bitcoin as legal tender I would be certainly happy, because it would much to our local economy and people to understand handling one's asset by ourselves is nothing to be afraid of (if we do it responsibly).
For those newbies who do not have much of an idea on the reach of Bitcoin legality, Ill leave this map over here. Which is easy to find in the wiki.
Source: https://en.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory
It has been this way even since before I started to get into Bitcoin and learn about it.
on the other hand, Bitcoin is not legal tender here (I do not expect it to be anytime soon), if some mirage happened and we got Bitcoin as legal tender I would be certainly happy, because it would much to our local economy and people to understand handling one's asset by ourselves is nothing to be afraid of (if we do it responsibly).
For those newbies who do not have much of an idea on the reach of Bitcoin legality, Ill leave this map over here. Which is easy to find in the wiki.
Source: https://en.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory
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