What is Bitcoin? Will Bitcoin be traded in all countries in 2025? - page 4.

dmamigo

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Quote from: dkbit98 on June 09, 2021, 08:57:28 AM

Bitcoin is already traded p2p in every country of the world despite all the bans and regulations governments and dictators have, but my prediction is that most country will adopt Bitcoin the same way like they adopted gold.
By 2025 Bitcoin will probably be used as backup for main currencies and it would be much easier and faster to trade with Bitcoin than it is with gold.
People need to realize that nobody can stop them if they want to separate money from state and use Bitcoin for that.

Actually, the government can stop their respective citizens from using Bitcoin for anything in their respective countries. With growing demand, many countries are planning their centralized crypto. Hence, Bitcoin to be used as backup currency is tough enough to happen. Also, another reason is the price fluctuation which will stop many to use Bitcoin as a currency.
But obviously, it will be traded to earn profits rather than using to transact or use it on daily basis on every purchase. I just hope no country puts a ban on any cryptos.

Shenzou

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Quote from: asif0990 on June 05, 2021, 08:24:20 AM

What is Bitcoin? Will Bitcoin be traded in all countries in 2025?
Bitcoin is the most advanced virtual reality that has become the most popular around the world.
Although this bitcoin is banned in some countries, most countries in the world have licenses to buy and sell bitcoin.
Countries where bitcoin transactions take place are being recognized as superior countries.
So I think all the countries that have been banned, those countries, if the ban on bitcoin or virtual coins is lifted, then those countries will move forward.
That is why the value of Bitcoin will go out even more.
The advantage of Bitcoin is -
Big companies can transact with Bitcoin very easily and securely. It will also increase their time and will be safe.
For this reason, the transactions of Bitcoin will increase a lot by 2025.

Bitcoin is already being traded all in world, maybe you mean widely adopted as a currency, in that case it is diffficut beacause the world is ruled by the rich and the big companies that decide wether a currency drops or rises, and for them bitcoin is a decentrelized and hard to control its price because it is not owned by one entity, and alos because they just arrived to the party a bit late where they can't hold over the majoprity of it, but there are a few ones that have started to see its potential and started to invest in it, so for bitcoin to become a major currency maybe, will it become the number one investment that is for sure.

conected

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Quote from: pinggoki on June 09, 2021, 10:06:47 AM

To be honest, if people will be more open-minded when it comes to cryptocurrency which is shaking the world recently due to that there are so many people who are getting rich here by just trading and investing in cryptocurrencies such as bitcoin. Bitcoin is the famous virtual currency today including Ethereum and dogecoin who is being hyped by Elon Musk so if we will be looking forward to what would happen for the next 5 years then probably there's a huge possibility that in the year 2025 all countries are trading Bitcoin.

- - The issue that should be considered here is only legal and illegal because from the investment and trading activities of bitcoin, I see the number of participants in many different countries, Bitcoin's network is already traded and exchanged in countries, no need to wait a few more years. However, the popularity of bitcoin is not bringing acceptance from the government, the goal that many are expecting is a legal rule and a few years from now may be the light on this matter, currently, the resistance from the government is still too great

pinggoki

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To be honest, if people will be more open-minded when it comes to cryptocurrency which is shaking the world recently due to that there are so many people who are getting rich here by just trading and investing in cryptocurrencies such as bitcoin. Bitcoin is the famous virtual currency today including Ethereum and dogecoin who is being hyped by Elon Musk so if we will be looking forward to what would happen for the next 5 years then probably there's a huge possibility that in the year 2025 all countries are trading Bitcoin.

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Bitcoin already tradeable in different countries and I think only few countries still not accepted it. But I think that's not a problem because sooner or later they will also adopt and use bitcoin and other crypto currency. The problem is when bitcoin will become legal in different countries so that everyone will have no doubt about it and can be use bitcoin without fear.

Find more information about the legality of bitcoin in different part of the world in this article. I'm sure you need to read it.
Legality of bitcoin by country or territory

I'm not sure how many countries don't allow their citizen to trade bitcoin while others allow it without being allowed to use it as a mean of payment/ legalize it as a mean of payment. But I have no doubt that we will have more countries that will pass laws to use bitcoin as legal tender in the future. Meanwhile, bitcoin transaction can be carried out in any country regardless of the regulation that stop you from trading them and that is quite possible because we have more options to do so when there are many services to be found. So, bitcoin 2025 will still be traded and its adoption as legal tender may be much more.

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Quote from: asif0990 on June 05, 2021, 08:24:20 AM

What is Bitcoin? Will Bitcoin be traded in all countries in 2025?
Bitcoin is the most advanced virtual reality that has become the most popular around the world.
Although this bitcoin is banned in some countries, most countries in the world have licenses to buy and sell bitcoin.
Countries where bitcoin transactions take place are being recognized as superior countries.
So I think all the countries that have been banned, those countries, if the ban on bitcoin or virtual coins is lifted, then those countries will move forward.
That is why the value of Bitcoin will go out even more.
The advantage of Bitcoin is -
Big companies can transact with Bitcoin very easily and securely. It will also increase their time and will be safe.
For this reason, the transactions of Bitcoin will increase a lot by 2025.

Bitcoin isn't technically virtual reality because it's not like you can wear a headset and see it. But it is a virtual currency that can be used in reality. Answering your question, I agree with those assuming that Bitcoin is already traded in most if not all countries if what counts is any amount of trading. However, it's traded more in some countries than others. I also think that the number of transactions doesn't increase significantly through trading because trading is done instantly on an exchange without on-chain transactions (otherwise every buy/sell order would take at least minutes and some substantial transaction fees). At the same time, as more people start using Bitcoin or start using it more actively, the number of transactions rises, and the fees become problematic.

bitzizzix

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Since bitcoin is indestructible, I think its growth and adoption in 2025 and beyond will continue to grow and expand every year around the world in some countries that are not yet involved with bitcoin, although so far bitcoin is valid and already traded in several countries and will be thorough.
we don't know the future and what we see every year bitcoin is growing and developing well and involvement is increasing in all circles, although there are still some countries in conflict with bitcoin but can't stop bitcoin and there will be no effect because over time there will be some new countries to be involved.

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Bitcoin is the first cryptocurrency, and bitcoin has gained large popularity in recent times with the coming of blockchain technology. Bitcoin is traded all over the world against the dollars and other centralized commodities in the stock exchange.

Vishnu.Reang

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Quote from: dkbit98 on June 09, 2021, 08:57:28 AM

Bitcoin is already traded p2p in every country of the world despite all the bans and regulations governments and dictators have, but my prediction is that most country will adopt Bitcoin the same way like they adopted gold.
By 2025 Bitcoin will probably be used as backup for main currencies and it would be much easier and faster to trade with Bitcoin than it is with gold.
People need to realize that nobody can stop them if they want to separate money from state and use Bitcoin for that.

^^^ This.

The OP could have rephrased his question to something like this - Will Bitcoin be traded (legally) in all countries by 2025? I am skeptical about it. There are large number of countries, where Bitcoin users face harassment. India, China and Nigeria are a few well known examples. I would say that a more realistic target would be to have Bitcoin legal in a majority of the countries by 2025. There are a total of 193 member states of the United Nations (UN). I would be happy if 97+ of these countries make Bitcoin legal in their jurisdictions.

dkbit98

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Bitcoin is already traded p2p in every country of the world despite all the bans and regulations governments and dictators have, but my prediction is that most country will adopt Bitcoin the same way like they adopted gold.
By 2025 Bitcoin will probably be used as backup for main currencies and it would be much easier and faster to trade with Bitcoin than it is with gold.
People need to realize that nobody can stop them if they want to separate money from state and use Bitcoin for that.

Obito

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Quote from: Erdogan on June 09, 2021, 02:26:09 AM

In order to be traded legally in every country, bitcoin has to be accepted by all governments. So far it's clear that majority of governments are not much in favor of decentralized bitcoin rather centralized currencies. Thats one aspect the other side is bitcoin is a complete financial system in itself that is backed by its own community. As long as community is there btc don't need support of governments.

We don't have to worry too much about it though, if they are still neutral then it could work in our favor because there will be no regulations or bans that will make bitcoin a bit of a pain for the users, for me this is the best for bitcoin, unregulated and untouched by government because we all know what happens when the government touches something precious, it turns into shit. By 2025, I am sure that it will still be traded.

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In order to be traded legally in every country, bitcoin has to be accepted by all governments. So far it's clear that majority of governments are not much in favor of decentralized bitcoin rather centralized currencies. Thats one aspect the other side is bitcoin is a complete financial system in itself that is backed by its own community. As long as community is there btc don't need support of governments.

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I think word "traded" by OP means we trade bitcoin to a thing or maybe to be payment. Because a guy with that much of posts must already know about bitcoin and exchanges and will know if there are internet means we can trade bitcoin (to alts or fiat) in digital section, but usually people made thread like this to ask if bitcoin can be used as currency or maybe use as world's central payment in future. I think will have very small chance to made bitcoin as payment, regulation and adoption progress will need more time than that.

sheenshane

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It's already on mainstream mate and used as a medium exchange in most countries even though there are some governments that banned or restricted Bitcoin but still, their people can be traded on it using a decentralized exchange. You can check here which countries were banned Bitcoin, but AFAIK, people can still use Bitcoin anytime as they want and banning isn't a barrier to them to use Bitcoin.

It seems it's clear now that Bitcoin has been already traded by anywhere around the world and the adoption will have an infinite growth day by day because of its popularity. No doubt that those institutional investors will follow among others who had been adopted Bitcoin already because they saw how potential it is and also uisng as a e-money Bitcoin is the best choice.

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Almost every country have got people using bitcoin and other cryptocurrencies. As of now very few countries have legalized the usage of cryptocurrencies, whereas majority of the governments are still into discussion on regulating the usage. With time the adoption level have increased, so we can expect massive changes to happen in the falling years in terms of usage and trading.

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Quote from: asif0990 on June 05, 2021, 08:24:20 AM

Will Bitcoin be traded in all countries in 2025?
~Snipped~
For this reason, the transactions of Bitcoin will increase a lot by 2025.

Based on everything that you posted, I don't think there's an indication for such an event ^{[second sentence]} to occur in the year 2025 ^{[none of it made sense, while the remaining parts were already quite obvious]}.
^{- FYI, BTCitcoin is already being used/traded in almost all of the countries.}

Quote from: asif0990 on June 05, 2021, 08:24:20 AM

Bitcoin is the most advanced virtual reality that has become the most popular around the world.

That's not the appropriate way to describe BTCitcoin.

Quote from: asif0990 on June 05, 2021, 08:24:20 AM

Countries where bitcoin transactions take place are being recognized as superior countries.

By who exactly?

Quote from: asif0990 on June 05, 2021, 08:24:20 AM

It will also increase their time and will be safe.

How?

swiftbits

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We've seen a huge increase in crypto trading activities during the pandemic. There's also news saying that El Salvador announced that they would make Bitcoin a legal tender; we might see some insights from their implementation.

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Quote from: asif0990 on June 05, 2021, 08:24:20 AM

Countries where bitcoin transactions take place are being recognized as superior countries.
So I think all the countries that have been banned, those countries, if the ban on bitcoin or virtual coins is lifted, then those countries will move forward.

I think you are confusing things here, the countries that banned Bitcoin are usually dictatorial in nature and the people usually does not have a say and you can check out the countries that banned them and once you are under that rule who wants total domination you cannot expect those countries to be superior to developed countries. In my opinion there is no way any government can come out with any blanket ban as there are always other options to make the transaction.

Quote from: asif0990 on June 05, 2021, 08:24:20 AM

Big companies can transact with Bitcoin very easily and securely. It will also increase their time and will be safe.
For this reason, the transactions of Bitcoin will increase a lot by 2025.

If you are looking at the graph on adoption it is possible that we will see a much bigger adoption in the next 5 years.

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Quote from: asif0990 on June 05, 2021, 08:24:20 AM

What is Bitcoin? Will Bitcoin be traded in all countries in 2025?

It can be traded in all countries but what's stopping is the government rules. But I've seen people even if there's already a rule that trading cryptos is banned on their countries, there's no way their government can stop them.

That's why even it won't take 2025, bitcoin can be traded in every country. There's a ban and yet the government didn't know that their citizens can still trade it.

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Quote from: asif0990 on June 05, 2021, 08:24:20 AM

What is Bitcoin? Will Bitcoin be traded in all countries in 2025?
Bitcoin is the most advanced virtual reality that has become the most popular around the world.
Although this bitcoin is banned in some countries, most countries in the world have licenses to buy and sell bitcoin.
Countries where bitcoin transactions take place are being recognized as superior countries.
So I think all the countries that have been banned, those countries, if the ban on bitcoin or virtual coins is lifted, then those countries will move forward.
That is why the value of Bitcoin will go out even more.
The advantage of Bitcoin is -
Big companies can transact with Bitcoin very easily and securely. It will also increase their time and will be safe.
For this reason, the transactions of Bitcoin will increase a lot by 2025.

Bitcoin has a lot more to go still and there will be lots of adjustments before we see it getting traded on different countries in the next few years. Considering that bitcoin is a decentralized currency, most of the governments in the world are against it that's why there are plenty of news saying that bitcoin is already banned or is about to be banned on a certain country. We should still be patient regardless of the struggles, someday soon we will see bitcoin flourish and achieve greater heights which will give us lots of benefits.

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