Topic: If bitcoin will accepted worldwide for legal then price rising $100k?? - page 2. (Read 1541 times)

Yeah, it is obvious because demand of its usage will increase and that means more liquidity in the market and more people will buy Bitcoin so simply the demand of it comes with an increase on its price.

It varies as per these governments have their own ways of dealing Bitcoin. Some don't really like it as it's said that it's used by criminals as if cash isn't. But that depends with the consensus per government.

It's obvious that if bitcoin should be accepted as a legal tender it will be increasing every day by day and more investors will come in, so therefore I believe that bitcoin adoption worldwide will make bitcoin price to continue to escalating in price, so bitcoin will have alot of valuable regards for people who devalue bitcoin, so bitcoin should be one of the major challenges government have now and they can not allow bitcoin to be generally accepted

Changes is something inevitable specially if government would really be able to see that they arent been able to control it already then it would really be always the subject for regulation or those laws that would be imposed or would really be that integrated and there's no way on avoiding with that and this is something that would really be inevitably happen when government would really be starting up to have those
intervention. Speaking about $100k then it would really be just that small if we do consider the current % of the population who do knows about Bitcoin existence or to those people whose aware about
cryptocurrencies existence.

When we do able to hit up on the situation on which the adoption and recognition rate wouldreally be hitting up 100% and majority of countries would be accepting or legalizing Bitcoin
then we wont really be just that able to see 100k but it would be even more. This is why lots of people who do consider it out as a good investment specially for long term,
but somehow you should not forget in speaking about the risks involved since we dont really know on what would actually happen in the future.

What I believe is something very possible, so let's imagine that bitcoin is accepted worldwide as another currency, no, it will not be worth 100 thousand USD, I think the value would be incalculable, because only the fact that they use it as a currency to pay anything without taxes, without persecution on the part of the governments, because that can reduce a price without exaggeration of $1Million, because people are like that, they all act on the safe side, and when they are told that something is safe, they all pounce on it, like this That wouldn't be bad, I know it's an exaggerated figure, but you have to see what the people are like, everyone will want to have Bitocin and the wealthiest will buy everything they can just to show it off.

I can't buy 1 bitcoin because the truth is it's money I don't have, my job doesn't give me enough for that, but when I can I buy a little at a time, it's insignificant, in fact I know how much I buy, well it's a shame, but that's how little by little it becomes It fills the glass, from gothic to gothic.

That should be a big movement for every government but I am certain this will not come sooner because there are even other countries that has Banning  rules against bitcoin as they are questioning the capability and the decentralization of the coin in which did not goes towards their policy and targets.
I believe that once Bitcoin is accepted as investment materials then being accepted as payment will follow because it is not for government to decide who will accept bitcoin but it is from the business sectors(or some government transactions of course)

For a while , you don't have to look at that perspective that the world is accepting bitcoin but still you can expect bitcoin reaching that price value , maybe not this Halving( if there are lots of hindrances) but in the next halving even without that acceptance mate.
which I mean we are not expecting that to come anytime soon or will never forever because each countries has their views and target for their people , but the price of bitcoin will always seek for higher positioning each 4 years cycle so look at the bright side.

In general, if we invest with BTC, we can make a lot of money quickly but provided that it is properly managed. Yes, a good understanding from you. I think that's exactly right and that's how it will happen if it goes according to plan and what we will see will always happen always Buy, sell, send and receive bitcoin.

Essence If more people use it and for this reason the price increases but must remember to Bitcoin prices are highly dependent on several factors such as market volatility, international prices and supply levels.

It looks like there aren't that many nations who are totally against it, the only one that is sort of known is China, because they can't control it, but if what happened to Russia ends up happening to China (sanctions) then I bet that they will try to use crypto and will enjoy it as well.

I get that some people may not prefer that, like dictator in China would not want something like that and will try his hardest to get rid of sanctions, but meanwhile they have one they will use bitcoin without a doubt, to be fair they will do whatever in their power to not do that. That's what the Russia vs Ukraine war helped with the world, if it had any type of benefit at all, it was all showing the world we will not stand down if our enemies started to attack our friends.

We always have to be careful about the laws, so things that are allowed now might not be allowed in the future, which could prevent a lot of things. So it's always more beneficial and future-oriented to develop things within the law and spread them to users without ignoring the law.

As Bitcoin develops and the number of users increases, governments will not remain indifferent. They will make laws or decisions about Bitcoin, which will accelerate Bitcoin development. The problem is that not every country will take the same decisions. But I think most of them will have a positive attitude.

Each country has different legal regulations that regulate cryptocurrency users as a tool for investment and even make bitcoin a legal means of payment, but some countries regulate strict regulations for cryptocurrency or even prohibit it for any purpose of use. However, overall cryptocurrency developments are very positive because relatively all countries have made a positive approach to accepting bitcoin despite implementing strict restrictions so that it does not displace legal currency.

The government has considered regulations to give operational permits to exchanges that have relatively large volumes, they see the high tax revenue side of exchanges so they are implementing new regulations to allow crypto exchange operations even though the regulations are only to regulate asset exchanges and for investment, but this is only initial stage to grow more of the population using bitcoin globally.

All problems will always have a better solution when everyone is so aware of the laws and regulations in their respective countries, because in all countries there are always exchanges that have permission to operate smoothly enough so that it will not be difficult for those who want to accept Bitcoin like like receiving fiat money in life. So there is no need to worry about laws because when all countries and all people have accepted Bitcoin equally in their lives, of course there will also be special laws against it.

I think the problem will even be from the laws and legal force in each country,since the laws are very different in the countries and finding a solution that will suit absolutely everyone will be unrealistic.I think for any user the most important thing is an exchange in two directions, and the laws and loyalty of the state are not so important.

First you have to explain in detail the meaning of BTC being legally accepted, accepted as an investment vehicle or as a means of payment? If it is accepted as an investment vehicle or digital asset, maybe this makes sense and in the future there will be regulations governing this issue. but if it is accepted as a means of payment, this seems impossible because it is impossible for there to be any other legal means of payment other than fiat currency.

The global acceptance of Bitcoin will definitely increase its usability and which will aswell increase demand and the demand and supply effect on Bitcoin will definitely increase the value further as it will become a commodity in demand ad the effects of scarce and want will aswell play out too, this will have good impact on so many economy and also also creat more jobs and opportunities for those who didn't get on before then. The advantage this could avail so many can't be overly emphasized.

I don't think that will be possible, if every country legalizes cryoto currency to replace active money then their economy will be destroyed especially in terms of exchanging goods and services, and I think even if bitcoin is not legalized by all countries in the world, BTC can still reach $100k  , but that won't happen anytime soon, it might take another 5 to 10 years.

I think that things when it comes to adoption are quite Modest, there are already more adoptions, I am sure there are more adoptions right now than in 2022 itself, this year will close with great force, I am very sure that it will be like that, and adoption will be and it is already a fact, I don't see it any other way, the issue that apsa is that we are people of customs and since we are like that, we can see things in very different ways, and we will always have a very different position on the price of bitcoin. superficially, some people buy in a very secret way so as not to attract attention, because in countries that do not pay taxes they do not say much and do not declare it, that is something that each person does in their own way.

In the case of global adoption, countries are already making their provisions, they are Regulating to take money from there, they will not miss the opportunity to do so because they know that there is a lot of money where they can earn, 100 thousand USD is not the price, It Should be more.

You are right in what you say, people have to be aware that the most important thing in a casino and in life is also something as essential as money, if we do not take care of our money things will hardly flow well, unless we are people very wealthy that we do not care about our money, but in the case that it is almost everyone, we have to take great care of our money, we cannot leave everything there so that it can be put in suspense, if we do not put in place self-control or we cannot allocate our money totally willing to lose, because things will get out of control and we will do things very badly, for that reason we must be coherent people and do good risk management, and not put more money than normal, at least in a casino, Sometimes we are people who can win from time to time in the casino and we decide to leave our money in our account, like a balance willing to play, but we must be careful, we should not waste everything, we must be people who have to do it well.

On the other hand, things can be seen differently, our funds in a casino must be very well managed and not left entirely there, but why? Or is it because the casino we leave is unsafe, no, what happens is that it is a temptation and we can easily fall into it, that is, if we leave it we can spend little by little and if we do not control ourselves, then we will lose everything, because money runs out, money goes away at any moment if we don't know how to manage it, so for me the management of funds has to be very well done, that is, if we only play a game per day and we are willing to lose 100usd but we have 400usd, well we withdraw 300usd so that the temptation does not remain there and we have a bad time because of ourselves, sometimes emotions make us make many mistakes, so that helps to have discipline, of course is my advice.

That is what will happen , there are lot of companies now that seeking their chance to invest or even use bitcoin for their company but hesitant because of government restrictions and some other issues attached to using bitcoin.
but once this comes available and safer then those will jump buying and the price will surely get high that is what we want to see for a lifetime now.
wondering how much from that 100k will be the value then?

Each country has its own rules and regulations, so the application of Bitcoin in each country will be different even though they both adopt Bitcoin.
Not necessarily the price of Bitcoin will rise drastically, of course it takes time.
That will only be the initial hype of Bitcoin's rise when some countries accept it.

See how El Salvador announced that it fully accepted Bitcoin, The price did rise, but after a while the price began to decline back by more than -70%.

Accepted worldwide is quite a high delusion, Bitcoin even has many enemies because of its nature that cannot be regulated by anyone or decentralized.
Governments want to regulate completely, but they will never be able to.

you have called for 100k , but this is not what majority see if the total adoption happens ,
I guess we will have more than that at least 200k to even half a million when the legalities happened.

but we all  knew that this will not coming this soon or even in the next 10 years or will never happen at all .

Immediately ? there is no way it will happen overnight because we knew that market will react depending
to how much each country invest and uses.
and not just because it is accepted meaning the whole country will comply that great.