If bitcoin will accepted worldwide for legal then price rising $100k?? - page 7.

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Quote from: flyingcarpet on July 16, 2023, 12:44:18 PM

Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

I think a lot of governments are waiting for that. That's why they are buying bitcoin. One day it will happen. That's my opinion. Until then, whoever has more bitcoins is better.

It may not happen right away. Some things take a long time to be accepted. Once it's accepted, it's adopted quickly. I think Bitcoin will be adopted in the same way.

I’m not sure it will ever happen for regular people. When the valuation gets high enough I could see it being used by governments to settle debts, but they’re always going to want more control over their citizens. It’s more likely that people will be forced to use CBDCs while governments hold Bitcoin like they do gold to give their CBDC legitimacy.

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Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

In normal circumstances you quite well that it can be adopted, bitcoin is not old enough to be known and adopt as legal tender, at least it needs more awareness to be legalized as a legal tender across the nation's. I will support you because its obvious that what makes bitcoin to increase in high frequency is as result of massive adoption, but from my perspective I'm not expecting bitcoin to be accepted as legal tender to all countries by now. Its obvious as I portray initially that is new currency it will take time before people will leave their traditional currency and adopt a virtual currency that is not up twenty five years in existence, so bitcoin still have long ways to go before it can be generally accepted as a legal across all nation's. Concerning the increment of bitcoin, I always make this emphasises that what makes bitcoin to rise is as result of the demand which is the investors of bitcoin, when the demands is high the price of bitcoin will accelerate, so many people have taken note of that. Because many countries may know bitcoin they are not interested to invest that means the price will still remain adamant.

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Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

No matter which angle we look at it from, if there is mass adoption of bitcoin, the price will surely go up and may likely not drop much again because volatility will surely reduce.

Quote from: bots1 on July 27, 2023, 04:19:46 AM

In my opinion, if indeed bitcoin is accepted in all countries, it will not increase in price by $100k. Precisely with not many countries legalizing bitcoin so those who hold large amounts of bitcoin can play the price on the market. However, I am a bit pessimistic if the whole world can legalize bitcoin.

If bitcoin hits mass adoption, the price will skyrocket and most people you consider as strong hands that will play the power may sell all or part of their bitcoin during the price increase.
Then, the whole world doesn't need to make bitcoin a legal tender. They should simply allow bitcoin to co exist favourably with fiat and bitcoin is good to go.

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Quote from: serjent05 on July 27, 2023, 05:59:34 PM

Quote from: Unbunplease on July 27, 2023, 11:26:13 AM

Quote from: bots1 on July 27, 2023, 04:19:46 AM

In my opinion, if indeed bitcoin is accepted in all countries, it will not increase in price by $100k. Precisely with not many countries legalizing bitcoin so those who hold large amounts of bitcoin can play the price on the market. However, I am a bit pessimistic if the whole world can legalize bitcoin.

The legalization of bitcoin worldwide is unlikely to cause its price to exceed 100,000. Bitcoin will only be an additional means of payment, nothing more. Therefore, bitcoin should become a real security asset, not just an additional option for payment

There is a possibility that Bitcoin will surge more than $100k. Think of the current status of Bitcoin and the estimated population that uses it. I think it is less than 10% of the global population. so having Bitcoin being accepted worldwide, it will definitely surge in price due to the tantamount demand pressure created by these newcomers to the Bitcoin market.

Stating that Bitcoin will be used as a mode of payment, simply means that Bitcoin will be traded everywhere so these people need to buy Bitcoin first in order to use them.

Basing up on the % of the entire population recognition and awareness of Bitcoins existence then we are still that too far off on which means that there's still much room for us to move on when it comes to potential price on which it would really be just depending on the recognition and the demand if we do speak about $100k price which it isnt really that too farm off if we do base into its current ATH.

It is really just the main issue is that no one really knows on when it would happen and when it would really be able to spark out. We arent that too far off with the current price which we are just that
3x far away if we do speak about that digit and some good positive news will really be a good catalyst for having a good bullish run but we cant be able to point out on when and this what makes its
really that hard on making up decisions.
Acceptance and regulation would be a huge factor on which it would really be affecting overall on what would be its future prices but of course lets should mind with other fundamentals
as well.

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Quote from: Unbunplease on July 27, 2023, 11:26:13 AM

Quote from: bots1 on July 27, 2023, 04:19:46 AM

In my opinion, if indeed bitcoin is accepted in all countries, it will not increase in price by $100k. Precisely with not many countries legalizing bitcoin so those who hold large amounts of bitcoin can play the price on the market. However, I am a bit pessimistic if the whole world can legalize bitcoin.

The legalization of bitcoin worldwide is unlikely to cause its price to exceed 100,000. Bitcoin will only be an additional means of payment, nothing more. Therefore, bitcoin should become a real security asset, not just an additional option for payment

There is a possibility that Bitcoin will surge more than $100k. Think of the current status of Bitcoin and the estimated population that uses it. I think it is less than 10% of the global population. so having Bitcoin being accepted worldwide, it will definitely surge in price due to the tantamount demand pressure created by these newcomers to the Bitcoin market.

Stating that Bitcoin will be used as a mode of payment, simply means that Bitcoin will be traded everywhere so these people need to buy Bitcoin first in order to use them.

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Quote from: bots1 on July 27, 2023, 04:19:46 AM

In my opinion, if indeed bitcoin is accepted in all countries, it will not increase in price by $100k. Precisely with not many countries legalizing bitcoin so those who hold large amounts of bitcoin can play the price on the market. However, I am a bit pessimistic if the whole world can legalize bitcoin.

The legalization of bitcoin worldwide is unlikely to cause its price to exceed 100,000. Bitcoin will only be an additional means of payment, nothing more. Therefore, bitcoin should become a real security asset, not just an additional option for payment

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In my opinion, if indeed bitcoin is accepted in all countries, it will not increase in price by $100k. Precisely with not many countries legalizing bitcoin so those who hold large amounts of bitcoin can play the price on the market. However, I am a bit pessimistic if the whole world can legalize bitcoin.

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Quote from: Asuspawer09 on July 16, 2023, 12:24:55 PM

Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

If Bitcoin is accepted and used by all countries it is going to be huge and probably it is over a million dollars or even more, right now we there is still a long way to go, there are still a lot of countries where Bitcoin is illegal or Bitcoin is not accepted or adapted, compared to the past years the bitcoin was adopted by a lot of countries and its growing and improving as time past, in the future as long as this continues we could expect for the bitcoin to adapt all over the globe that is going to make the price of bitcoin skyrocket. I mean on the next bull run Im even projecting for the market price of bitcoin to reach around a million dollars already, but realistically it is for sure going to surpass its all-time high and probably 100k$ after the bitcoin halving event.

Bitcoin was not even recognized by a lot of people here in my country but slowly it become popular due to NFTs, trading, investments, etc. which is a good thing when talking about investments cryptocurrency and Bitcoin are always one of the thinks that they talk about and most people are interested to invest on it so I think it's a good indicator that bitcoin really adapt quickly.

Definitely be going beyond $100k considering that only still a few of the world population does know about Bitcoin or crypto as of this moment but still we are sitting around 1/3 on what the price had been talking on which
it isnt really just that too far off on reaching out that point and on the time that global acceptance and recognition goes into a certain extent on which even lets say that half of the entire population then we might be able to see those numbers that we arent expecting for us to see on hadnt been anticipated to reach it out. How much more if it goes full blast type of recognition and application on daily living? For sure the value would really be on the rooftop but well everything would really be still that an assumption, knowing that government cant really just that let Bitcoin to fly high without having those regulation approach specially on any services or platforms
that had been attached into it on which we cant really be able to assume out about full acceptance and adoption.

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The more adoption bitcoin has in real use cases then I believe the more stable the price will be and the lower the volatility will be. Bitcoin won't fluctuate as much as before if it reaches mass adoption, but that's not a certainty either because manipulation can't always be avoided.

Adoption can support price stability and low volatility in bitcoin, but I believe not many investors really want that especially if they are not adopters of bitcoin as a means of payment. While governments are still pushing for a lot of non-friendly regulation with bitcoin especially in its real use cases as a currency, it is a difficulty that bitcoin has faced so far.

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Quote from: flyingcarpet on July 16, 2023, 12:44:18 PM

I think a lot of governments are waiting for that. That's why they are buying bitcoin. One day it will happen. That's my opinion. Until then, whoever has more bitcoins is better.

Some governments are just waiting for loopholes to make adoption more beneficial through Bitcoin, because some governments just don't have the courage to make adoption decisions independently. I mean this because the regulations of each country are still very different so that the adoption of Bitcoin is still not so much on the part of the government.

Quote

It may not happen right away. Some things take a long time to be accepted. Once it's accepted, it's adopted quickly. I think Bitcoin will be adopted in the same way.

Indeed, nothing will happen as soon as possible because every new thing that enters the community, obviously requires time to be studied and understood carefully so that the government can make a wiser attitude to unusual adoption matters, as in the example of Bitcoin.

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Quote from: jaberwock on July 16, 2023, 11:40:19 AM

The halving is just around the corner, less than a year remaining and we are going to end up seeing that happen for sure. When that halving happens, watch how the price goes, after the halving it will start to go up and up and up for a long time and after a year of halving, we are going to see price hitting 100k and even more for sure.

This is my opinion as well, we don't need the legalization of Bitcoin for we to be able to trade at $100,000, Bitcoin doesn't also need to be accepted worldwide for we to be trading at $100,000. We can trade at this price during this bull market happening after halving of Bitcoin.

When Bitcoin gets accepted worldwide we'll be trading at a more higher price than $100,000 because more people will be introduce to the cryptocurency market and they'll want to buy Bitcoin. We'll also be having future halving of Bitcoin reward that'll keep bringing in investors.

Bitcoin been accepted worldwide will be a challenge for Bitcoin because many countries won't give up their fiat currency that they can control whenever they want to accept Bitcoin that they have zero control over the price and the price can be manipulates by whales.

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Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

I think a lot of governments are waiting for that. That's why they are buying bitcoin. One day it will happen. That's my opinion. Until then, whoever has more bitcoins is better.

It may not happen right away. Some things take a long time to be accepted. Once it's accepted, it's adopted quickly. I think Bitcoin will be adopted in the same way.

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Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

If Bitcoin is accepted and used by all countries it is going to be huge and probably it is over a million dollars or even more, right now we there is still a long way to go, there are still a lot of countries where Bitcoin is illegal or Bitcoin is not accepted or adapted, compared to the past years the bitcoin was adopted by a lot of countries and its growing and improving as time past, in the future as long as this continues we could expect for the bitcoin to adapt all over the globe that is going to make the price of bitcoin skyrocket. I mean on the next bull run Im even projecting for the market price of bitcoin to reach around a million dollars already, but realistically it is for sure going to surpass its all-time high and probably 100k$ after the bitcoin halving event.

Bitcoin was not even recognized by a lot of people here in my country but slowly it become popular due to NFTs, trading, investments, etc. which is a good thing when talking about investments cryptocurrency and Bitcoin are always one of the thinks that they talk about and most people are interested to invest on it so I think it's a good indicator that bitcoin really adapt quickly.

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Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

Why wouldn't it? I mean we are not talking about tomorrow here, if it could happen in the future then sure. But I think it is going to be 100k nonetheless, I believe that it will go up and be great in the future. I hope that people could end up realizing that 100k is not a lot of money, it could happen and only about x3 away from where we are right now and a true bull run would make x3 very quickly and very easily.

The halving is just around the corner, less than a year remaining and we are going to end up seeing that happen for sure. When that halving happens, watch how the price goes, after the halving it will start to go up and up and up for a long time and after a year of halving, we are going to see price hitting 100k and even more for sure.

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Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

There are many countries that have accepted bitcoin as a commodity asset, but not as a currency and I don't think the price effect is fully determined by it, bitcoin has a bargaining value because it has an advantage in maintaining value, so people think investing in bitcoin will maintain the financial value they have have. Of course if all countries accept bitcoin with legal certainty, bitcoin will experience an increase in investor interest and trust because maybe they think there is certainty.

Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

what is your opinion about this?

To reach a price of $100k we don't need to wait for legal certainty and the last ATH is close to that number. So let's see how the price position on ATH in the future and I'm sure it will be close to that price.

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Quote from: posi on July 14, 2023, 08:44:55 AM

Yes, bitcoin is being legalized in many countries, but most only accept it as a commodity and not a means of payment. Other than el Salvador, I don't see any other country that accepts it as a means of payment. I'm not from the countries you're referring to, but I also don't see and can't use bitcoin for my payments in my country. That shows that it is illegal for someone to use bitcoin as a payment method.

El Salvador forces businesses to accept Bitcoin as payment, it's not really like people are willing to accept Bitcoin payments, not many people have access to internet and good computer in El Salvador.
By the way, if you have a café, you can accept Bitcoin payments but I doubt you'll see a big demand on crypto payments. Some enthusiasts will pay but 98% of payments will come via cash or card. Cafés and stores don't accept bitcoin payments because there is not a demand.

Quote from: posi on July 14, 2023, 08:44:55 AM

Do you know why there are not many businesses using bitcoin or many people are ignorant about bitcoin? Simply because the government has not really legalized and supported it and the people obey the government, if the government does not legalize bitcoin, they will never use it.
Don't underestimate the role of government in driving the value of bitcoin.

And does anyone who accepts Bitcoin payments has any legal issues? I would say, it's a little bit uncomfortable to walk with Electrum wallet in your smartphone, check transaction fees and wait for confirmations.
But something like this really looks promising: FREE Bitcoin POS (BTC Lightning Network Accepted Here).

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Quote from: Synchronice on July 14, 2023, 06:32:54 AM

Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

Is bitcoin illegal to use in many countries? If not, then it's perfectly legal to use. I don't think that anyone has problem with buying bitcoin or paying with bitcoin in any country unless that person lives in North Korea, Qatar, China or in some other countries like Cameroon and Libya.
So, even if we give it a official legal status, I don't think it's price will quickly skyrocket, I think more likely it will remain the same. There is nothing that stops businesses from accepting bitcoin payments. The problem is that it's not very practical in stores and supermarkets and it requires a little bit technical knowledge to use Bitcoin wallet, which elder people lack.

Yes, bitcoin is being legalized in many countries, but most only accept it as a commodity and not a means of payment. Other than el Salvador, I don't see any other country that accepts it as a means of payment. I'm not from the countries you're referring to, but I also don't see and can't use bitcoin for my payments in my country. That shows that it is illegal for someone to use bitcoin as a payment method.

Do you know why there are not many businesses using bitcoin or many people are ignorant about bitcoin? Simply because the government has not really legalized and supported it and the people obey the government, if the government does not legalize bitcoin, they will never use it.
Don't underestimate the role of government in driving the value of bitcoin.

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The price of bitcoin is the result of a balance between two opposing forces, increasing the demand for and supply of bitcoin cash and thus early adopters benefiting the most.
And bitcoin doesn't have to be legal in all countries because the most important thing is that bitcoin can be accepted without strict prohibitions by all countries. And if all countries legalize bitcoin, then maybe we definitely have to pay a tax to the government for the use of bitcoin as a means of payment and also a tax on bitcoin mining, and a tax on the use of bitcoin in business transactions, and that will also reduce the country's deficit, and maybe the price will not would drop significantly and would not make us buy below.

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Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

Is bitcoin illegal to use in many countries? If not, then it's perfectly legal to use. I don't think that anyone has problem with buying bitcoin or paying with bitcoin in any country unless that person lives in North Korea, Qatar, China or in some other countries like Cameroon and Libya.
So, even if we give it a official legal status, I don't think it's price will quickly skyrocket, I think more likely it will remain the same. There is nothing that stops businesses from accepting bitcoin payments. The problem is that it's not very practical in stores and supermarkets and it requires a little bit technical knowledge to use Bitcoin wallet, which elder people lack.

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With the increasing number of communities, it certainly makes us must be optimistic that the future of Bitcoin will be brilliant, now more and more countries legalize Bitcoin so that it will make the number of users who continue to increase, and I am optimistic that soon the $ 100K price will soon be achieved.

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