Topic: If Bitcoin is legalized, a dream of mine would come true - page 4. (Read 709 times)

For governments in the Asian continent, they still don't have the courage to make a decision about legalizing Bitcoin in their respective countries, but for other countries, such as those in the Americas, it is very different from those in Asia because several countries exist. in the Americas, such as El Salvador, for example, have succeeded in legalizing Bitcoin, although citizens there still use their own country's currency on a daily basis.

I think it's only a matter of time for each government to make a new decision on cryptocurrency and Bitcoin, because the government will definitely agree if they can get benefits and positive things through cryptocurrency and Bitcoin. So be patient now and hopefully OP's dream can come true because maybe there are still many world governments who are learning about cryptocurrencies and Bitcoin at this time.

Many people have done things they said would never happen before. So never say never. Time passes and circumstances change. People and people's opinions also change. We must always think and dream of the good. Maybe things will move even faster once Bitcoin becomes legal in many countries. There you will have an opportunity to realize this dream and you will benefit from it. As I said, times are changing and we can achieve things we never thought we could do.

Dreams are an integral part of life , motivating us to strive for something greater which can potentially  change our fortune. Dreaming for global legalization and extensive adoption of Bitcoin is our common desire, and not exclusive to any one individual. We all wish to see it materializing into a reality, in aforeseeable future. It is crucial for us as  Bitcoin HODLERS to continue believing in its potential to reward its long term investors with substantial profit.

Considering payment options, people mostly buy things with tools that are most convenient, name it, cash, card, or anything. If the popular payment option is not a bitcoin and your goal is to hoard bitcoin, I believe you are going to get a hard time fulfilling that. We have known from experience, just because any government legalize bitcoin payment within its country, does not mean people will immediately start using them. We know it from El Salvador. I'm just trying to be realistic, especially since you considering it as your business planning.

Now specifically for Bitcoin, one thing you can do is advocate bitcoin to be legalized in the country. It is hard, but if you are able to gather masses that support bitcoin adoption, you can start to influence and pressure governments to take a second look.

Op, does your country have an official system of petitions? In my country, any citizen can create a petition to local or nationwide authorities on an official governmental website, and if that petition reaches enough support within a certain timeframe, the authority to which it is addressed is obliged to officially respond to it. Usually, they support the petitions at least to some extent, although there are exceptions. If there's such a thing in Bangladesh, you could create a good petition to the government (citing successful cases where it works, for example), asking to allow Bitcoin payments, and gather support within Bangladesh to help your dream come true.

Take good care of and save your dreams as long as you can do your activities as usual. Not only in Bangladesh, if you do research there are also countries in the world that have the same status as your country regarding the legal status of Bitcoin.
Don't because Bitcoin is illegal in your country, you will bury your dreams.

Of course, there are still many things you can do with your Bitcoin status. If you want to do business and stuff, I think you can still convert it to fiat.
Finding freedom with Bitcoin is included in the pursuit of your dreams.

Cool dream op, but it will most probably remain a dream only. World governments(Especially Asian governments) fear BTC and other popular cryptocurrencies since they are capable of taking away some of their power and transferring it to the masses.

Many world governments are trying to regulate cryptocurrencies instead of banning them these days which is a positive step forward.

Sounds fun until reality hits you with a huge bat in the back of the head.

Bitcoin still isn’t that much popular as a currency of choice. Like @franky1 said, there’s nothing to lose right now if you start a business and accept fiat first. BTC can come later, don’t imagine that if you accept BTC everyone will come serve some food at your place.

As much as I love BTC, I don’t think there’s a lot of potential yet in accepting BTC for your business sales. There’s so much more room for growth and it’s nice having it as an optional payment choice but it won’t bring you that much revenue. Especially in this market.

I agree, even if there are some nations which banned it for the time being, that doesn't mean that it will stay banned forever, I think it could be unbanned and legalized in the future. Laws are not set on stones, they are things that can be changed, and with every new government the laws could be changed, in fact in my nation the ruling part once put something in law and then took it out, literally took out the thing they put in in the first place because people disliked it.

This is why I believe that we couldn't really do anything that would be too detrimental towards crypto if we just waited for them and wrote to them. Keep writing to your congressman, and say that your town could benefit from crypto being abled, and could bring in so much more tax income that could help the government as well.

If you think that the location of your house is strategically located with tourist sites, then you should have benefited from it even if bitcoin is not legal in your country. Every foreign tourist who comes to the place will pay you in fiat, so it is also the same when they pay in bitcoin for the same value.

I wonder how you can be so sure that the adoption of bitcoin in your business will benefit you?
I think the average business that adopts bitcoin will just convert bitcoin back to fiat to avoid price volatility, so what are you expecting to gain from it?

Many Bangladesh residents had this wish for their country illegally marked.Their was many bridge in the Bangladesh and which place you are mentioning.Many people had the aim to become a rich person using crypto currency.But the government doesn’t allow crypto currency because of the Bangladesh economy was very small as compared to the many of the developing countries.

Just as Franky1 has said, you must not wait until Bitcoin becomes legal in your country before you can start your business. There is this saying in my place that goes like this: "Time waits for nobody; time is money." Yeah, the fact that you can't accept Bitcoin payments now based on its Illegality in your country doesn't mean you can't accept fiat or other accepted means of payment in your country. The dream of every entrepreneur is to have a big business that could extend across other countries, and if they are very successful, it can possibly be a dream come true. So, just start your pizza shop first and accept fiat. If you become successful, you could take your business to another country where you can accept Bitcoin for payment.

This should not stop you from investing in Bitcoin, just learn to keep your mouth shut and hold your recovery seed.

About accepting Bitcoin in your business, that's not possible for now, and this should not stop you to start a business right now and start accepting Fiat, save some Fiat money, and start using some part of the money to buy Bitcoin.

Accepting Bitcoin as means of payment helps Bitcoin to go viral but running a business is all about your daily profits and gains, so don't let the ban of Bitcoin stop your motive to start your business.

From your post op, seems like you and your father have a good business running with a tourist spot. Running a business is actually hard but if its involved money it would be a great advantage for you to enter in this industry in crypto as you know how to handle money or assets already. I haven't been to Bangladesh but I would love to try some dishes there.



It's good to have a goal or dream so you would have a path to take, actually nursing takes years for your studies before you graduate which can be apply to Bitcoin. Bitcoin also takes years to understand, you might get the basic knowledge in just days but to fully understand it, you need to take your time to understand all the complicated information in the Bitcoin. It would be a huge advantage for you once you've graduated and have some income for you to invest in Bitcoin especially when in your country it become legalized. It would take time for some country to legalized Bitcoin since it would be a big adjustment for them to open a system they couldn't control since it's decentralized.

It is not bad to dream. It is your heart desire to come through maybe you have lots of bitcoin that you want to start trading directly with customers. Nothing is impossible to happen but at the same time you have a tall dream because it is not dependent on you to happen but the people in government except you have friends or family members to influence your dream.

Advise to you is don't stay by the line waiting for bitcoin legalization in your country before you start your business. Start up the business with the use of your local fiat currency and build a network of customers for your self and if your dream finally become real then you already have an edge.



Even if his country get to follow what El Salvador did by legalizing bitcoin, it may not matter anything significant on the short time because whatever accumulation of bitcoin he got from his customers would make meaning to him on the longterm when bitcoin bull arrive. This is also same thing in El Salvador because part of the bitcoin hedge by the government is below cost price likewise businesses accumulating bitcoin. However the profit in bitcoin is during the long term but pizza business requires more like daily activities and turn over except he only want to be dealing with bitcoin transaction and not really on the longterm gains.

Good to have dreams like that but don't exceed on your expectations since there are si many technicalities need to consider before it will be legal on your country. Maybe for now try to focus on how you can earn since if you wait for something great to happen then maybe you will wait long for this fantasy to happen. Also we cannot close the doors in terms of adoption since who knows maybe in one day we can see a global changes and we can see bitcoin being added and declared as legal currency to use.

Although many dreams of Bitcoin being "legalized" in their country, thinking that it would mean that everyone (or most) would start using it, I will just say that legalization in any sense does not necessarily mean that people will start using Bitcoin as a currency.

Just look at the example of El Salvador, where Bitcoin is legally regulated as legal tender, and data shows that even less than 20% of people in that country have used it or are using it. There are also many countries in the world where there is no obstacle to use Bitcoin as a means of payment, but few people will decide to pay for pizza or coffee with it.

If the OP got the chance to open a pizzeria in his city and put up a big sign "Bitcoin accepted here", and after a month nobody would pay with BTC, would he continue to believe in his dream or would he give up?

Your dream isn’t impossible. You say that you’re from Bangladesh, eventually with the fiat banking system starting to show signs of failure, nations could he forced to be kinder to bitcoin or be in real trouble. Bangladeshi currency isn’t very strong, government may be forced to buy bitcoin as a hedge. They may have to do similar to what El Salvador is doing to make things better. Your dream is not impossible.

It's a nice dream and you seem optimistic, but it's unfortunate that Bangladesh continues to ban Bitcoin or cryptocurrencies.
This is already a regulation of your country which of course if you violate it you will get punished.

I don't know how the future will be, maybe Bangladesh will accept Bitcoin but with adjusted regulations.
Like in my country which makes Bitcoin regulations only as a commodity asset and cannot exceed these rules.

Bitcoin cannot be used as legal tender. It's like entering a gray area that is not yet clear about the adoption that will be done.

But hopefully there will be good news from the Bangladesh government about cryptocurrency rules.

I think it will be very difficult because the current government is still reluctant to legalize bitcoin as a means of payment except as a commodity asset, maybe a dream like yours, many want it because owning a restaurant business accepting bitcoin payments is something easier, but if you are in where the country is illegal with bitcoin then the dream will be difficult and will not come true.

There's nothing we can do except we wait until the government legalizes it, then you should never try to fight it if you don't want it to become a problem because you can do it secretly but the law will face you if you get caught.

So I'd rather be safe than face the law.