Topic: What are the possible changes will happen if the bitcoin is legalized? - page 3. (Read 507 times)
February 07, 2018, 10:02:42 PM
I think bitcoin will be much better if it is legalized. And the transaction will be easy if bitcoin will be used and increase the source of income to people
February 07, 2018, 09:53:04 PM
First of all I think the Bitcoin in not illegal. Being illegal entails that you are violating the law. In the absence of law/regulation with bitcoin it is not Illegal.
Second would be if all government would regulate or would come up with regulation the effects will be as follows;
1. It will lead to high transaction fees this is because the government will have it share in the form of taxes.
2. More KYC of users. Transaction will no longer be anonymous.
3. Popularity might increase.
This are some of the things that might happen.
Second would be if all government would regulate or would come up with regulation the effects will be as follows;
1. It will lead to high transaction fees this is because the government will have it share in the form of taxes.
2. More KYC of users. Transaction will no longer be anonymous.
3. Popularity might increase.
This are some of the things that might happen.
February 07, 2018, 09:37:25 PM
"Mass Adoption" will be the first thing that is going to happen if Bitcoin is legalized worldwide. There will definitely be a surge in Bitcoin's price and the spike would be the biggest ever in the history which no other crypto would have acknowledged.
The currency will then get developed rapidly since legalization will result in many big companies implementing it as mode of payment. Surely somebody will take the initiative to develop the currency further and hence Bitcoin will become the beast in the market.
The currency will then get developed rapidly since legalization will result in many big companies implementing it as mode of payment. Surely somebody will take the initiative to develop the currency further and hence Bitcoin will become the beast in the market.
February 07, 2018, 09:30:50 PM
These are the possible changes.
Peoples Perceptions.
It can change the opinions of people about the digital currency. It is because bitcoin is consider as the father of all crypto currency.
Evolution of Currency.
It can change our methods of payments, billing, buying and selling things. Even our methods of transactions will change.
People.
We all know that money can change the people and so even the even crypto currency but it always depends on how the user will carry the bitcoin.
Transactions.
As I said earlier, bitcoin has the power to change our currency. If our currency will be change then the modes of payments will also change. We can pay using our mobile phones directly.
Share your thoughts.
P.S merit me if this post is worth for it.
P.P.S. please merit me so that I will be promoted
It is very nice if that would be happen,we can easily and freely things right,crypto is legal so we can continue bitcoin all throughout the years. Peoples Perceptions.
It can change the opinions of people about the digital currency. It is because bitcoin is consider as the father of all crypto currency.
Evolution of Currency.
It can change our methods of payments, billing, buying and selling things. Even our methods of transactions will change.
People.
We all know that money can change the people and so even the even crypto currency but it always depends on how the user will carry the bitcoin.
Transactions.
As I said earlier, bitcoin has the power to change our currency. If our currency will be change then the modes of payments will also change. We can pay using our mobile phones directly.
Share your thoughts.
P.S merit me if this post is worth for it.
P.P.S. please merit me so that I will be promoted
February 07, 2018, 10:44:53 AM
If the bitcoin is legalized for sure its volatility would be controlled and its would be more stable coin as people would have more confidence on it.
February 07, 2018, 10:37:55 AM
Heavy taxes will be imposed on bitcoin holders,but there will be Bitcoin popularity and a good flow of new investors and definitely price will increase.
February 07, 2018, 10:29:13 AM
So many changes take place now people are afraid of bitcoin the main reason is bitcoin is not legal in many countries, once if it is legalised many will invest in bitcoin and also that helps the government by means of tax collection. Its an advantage for both the users as well as government.
February 07, 2018, 10:02:21 AM
These are the possible changes.
Peoples Perceptions.
It can change the opinions of people about the digital currency. It is because bitcoin is consider as the father of all crypto currency.
Evolution of Currency.
It can change our methods of payments, billing, buying and selling things. Even our methods of transactions will change.
People.
We all know that money can change the people and so even the even crypto currency but it always depends on how the user will carry the bitcoin.
Transactions.
As I said earlier, bitcoin has the power to change our currency. If our currency will be change then the modes of payments will also change. We can pay using our mobile phones directly.
Share your thoughts.
P.S merit me if this post is worth for it.
P.P.S. please merit me so that I will be promoted
if bitcoin legalized I am sure this will change the state of many people towards better and more advanced from now surely. and will make it easier for everyone in terms of any example of online transaction payments, as well as a source of income. Peoples Perceptions.
It can change the opinions of people about the digital currency. It is because bitcoin is consider as the father of all crypto currency.
Evolution of Currency.
It can change our methods of payments, billing, buying and selling things. Even our methods of transactions will change.
People.
We all know that money can change the people and so even the even crypto currency but it always depends on how the user will carry the bitcoin.
Transactions.
As I said earlier, bitcoin has the power to change our currency. If our currency will be change then the modes of payments will also change. We can pay using our mobile phones directly.
Share your thoughts.
P.S merit me if this post is worth for it.
P.P.S. please merit me so that I will be promoted
February 07, 2018, 05:10:03 AM
If bitcoin will legalized all over the world more people will do also bitcoin the possible will happen bitcoin will be much hard to earn and the price will increase also because more people will by this for there easy payments.
February 07, 2018, 04:51:38 AM
These are the possible changes.
Peoples Perceptions.
It can change the opinions of people about the digital currency. It is because bitcoin is consider as the father of all crypto currency.
Evolution of Currency.
It can change our methods of payments, billing, buying and selling things. Even our methods of transactions will change.
People.
We all know that money can change the people and so even the even crypto currency but it always depends on how the user will carry the bitcoin.
Transactions.
As I said earlier, bitcoin has the power to change our currency. If our currency will be change then the modes of payments will also change. We can pay using our mobile phones directly.
Share your thoughts.
P.S merit me if this post is worth for it.
P.P.S. please merit me so that I will be promoted
i think if bitcoin is can legalized all over the world it takes a big changes for each country like all people can become a rich. Peoples Perceptions.
It can change the opinions of people about the digital currency. It is because bitcoin is consider as the father of all crypto currency.
Evolution of Currency.
It can change our methods of payments, billing, buying and selling things. Even our methods of transactions will change.
People.
We all know that money can change the people and so even the even crypto currency but it always depends on how the user will carry the bitcoin.
Transactions.
As I said earlier, bitcoin has the power to change our currency. If our currency will be change then the modes of payments will also change. We can pay using our mobile phones directly.
Share your thoughts.
P.S merit me if this post is worth for it.
P.P.S. please merit me so that I will be promoted
February 07, 2018, 04:49:13 AM
When the bitcoin become legal it may be the that we will pay tax for every pay out transaction that we will perform. So it will be time that the government will had a income from us. But on the positive side, when bitcoin become legal the use of it will be widen. The transaction will be smooth specially in mode of payment. And there posibilities that bitcoin can use in lot of stores or malls that makes our transaction more comfortable. But I think this may happen in a very long time and process because there is a lot of stage process before it became legal. And most of all people will open their mind in using digital currency.
February 07, 2018, 04:44:25 AM
If the bitcoin become legalize the first changes can happen is bitcoin will be taxable in every country, regulated by the governments. Maybe the governments will make rules and establish the law for the bitcoin users. Its become harder to enter the bitcoin industry and possibly strictly policy can happen.
February 06, 2018, 10:02:17 PM
I think that if the world's bitcoin is legalized, maybe we can realize that the world has a common payment method, which is also conducive to the exchange of nations.
February 06, 2018, 08:56:38 PM
These are the possible changes.
Peoples Perceptions.
It can change the opinions of people about the digital currency. It is because bitcoin is consider as the father of all crypto currency.
Evolution of Currency.
It can change our methods of payments, billing, buying and selling things. Even our methods of transactions will change.
People.
We all know that money can change the people and so even the even crypto currency but it always depends on how the user will carry the bitcoin.
Transactions.
As I said earlier, bitcoin has the power to change our currency. If our currency will be change then the modes of payments will also change. We can pay using our mobile phones directly.
Share your thoughts.
P.S merit me if this post is worth for it.
P.P.S. please merit me so that I will be promoted
Peoples Perceptions.
It can change the opinions of people about the digital currency. It is because bitcoin is consider as the father of all crypto currency.
Evolution of Currency.
It can change our methods of payments, billing, buying and selling things. Even our methods of transactions will change.
People.
We all know that money can change the people and so even the even crypto currency but it always depends on how the user will carry the bitcoin.
Transactions.
As I said earlier, bitcoin has the power to change our currency. If our currency will be change then the modes of payments will also change. We can pay using our mobile phones directly.
Share your thoughts.
P.S merit me if this post is worth for it.
P.P.S. please merit me so that I will be promoted
First change will be about transactions, like paying bills for example. Less hassle. You don't need to travel. And second, for the bank. All of people will get their savings account and put it in bitcoin. Because, Yes, the bank is guaranteeing you that your money in the bank will make your money earn for you. Like about 3% per year. Look. Per YEAR. But in bitcoin. Per YEAR is a really big change. In bank, the 3% interest will be nothing because of the inflation rate per year.
February 06, 2018, 08:47:56 PM
If bitcoins were to be legalized the goverment will have the power to monitor and mandate the transactions involving bitcoins. They would establish different laws in order to control and i think it would be not as easy as these days to transact in this business. Strict policies will be implemented.
February 06, 2018, 08:38:32 PM
If the bitcoin legalized then surely government will put tax in it. If the government will involve then there are rules and all the transaction will involve politics. But in my opinion bitcoin is not illegal is just that it's not associated with the government. And they cannot control every transaction.
February 06, 2018, 08:21:39 PM
I think government will impose tax on it once its legalized in the country and maybe put limits on how much can a person buy and sell, just like in the banks there is always limits for withdrawal transactions.
February 06, 2018, 07:21:54 PM
I think the term legal and illegal has different meanings and impact to those reader, because as a matter of fact , Bitcoin has never been illegal in any terms, its just there are countries that never accept Btc because they dont even find any ways to control it yet.
February 06, 2018, 02:37:27 AM
These are the possible changes.
Peoples Perceptions.
It can change the opinions of people about the digital currency. It is because bitcoin is consider as the father of all crypto currency.
Evolution of Currency.
It can change our methods of payments, billing, buying and selling things. Even our methods of transactions will change.
People.
We all know that money can change the people and so even the even crypto currency but it always depends on how the user will carry the bitcoin.
Transactions.
As I said earlier, bitcoin has the power to change our currency. If our currency will be change then the modes of payments will also change. We can pay using our mobile phones directly.
Share your thoughts.
P.S merit me if this post is worth for it.
P.P.S. please merit me so that I will be promoted
Peoples Perceptions.
It can change the opinions of people about the digital currency. It is because bitcoin is consider as the father of all crypto currency.
Evolution of Currency.
It can change our methods of payments, billing, buying and selling things. Even our methods of transactions will change.
People.
We all know that money can change the people and so even the even crypto currency but it always depends on how the user will carry the bitcoin.
Transactions.
As I said earlier, bitcoin has the power to change our currency. If our currency will be change then the modes of payments will also change. We can pay using our mobile phones directly.
Share your thoughts.
P.S merit me if this post is worth for it.
P.P.S. please merit me so that I will be promoted
If it will be legalized in all countries then lucky for those who own a lot of Bitcoins, because the value will fluctuate with a phenomenal value. It will be hard for those who wants to invest. They can opt to just try alts then eventually jump their way to BTC. Everything you said was right especially the evolution of currency using cryptos makes transaction easier and convenient to us. This is quite similar to other questons though this points out the legal system of regulating Bitcoin transactions and the possibilities that might occur. I'm sure that if BTC is legalized and regulated in all countries, they will still put extreme caution and monitoring in the flow of crypto transactions that occurs everyday.
February 05, 2018, 04:24:46 PM
If bitcoin is legalized that probably means that there is government involvement. So, possible that in every bitcoin transaction and those bitcoin holder will be paying tax by the government. Small and large establishment will allow or accept bitcoin as payments. There were lot of changes may came along if bitcoin is legalized because people find a ways to make bitcoin suitable for society. That's my thought.
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