Topic: What is your expectation - page 5. (Read 2135 times)
What I hope is the price of bitcoin can return to the $ 60k level, I bought when rising in November 2021, and waited until now I could not sell because the price continued to decline, and unfortunately today dropped almost 10% and Bitcoin returned to under $ 35k.
We have heard all the news about countries deciding to make bitcoin as legal, the latest being Russia and Ukraine as they both are also in some political problem. Obviously with this new statement that has been made on bitcoin status in those countries, it could be regulated by the government.
What is your expectation of bitcoin ?
I think my hope and you may not be different in this regard, I or all of us of course hope that the price of bitcoin can reach its highest price again in the near future, while for the conflicts that occur, of course, all of us do not want the conflict to continue and we hope that Russia and Ukraine can reached a peace agreement to end the current war. What is your expectation of bitcoin ?
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My hope is that in the future more countries will consider bitcoin as a legal tender as El Salvador has done. By adopting blockchain technology, Bitcoin can overcome the financial problems of developing countries and poor countries in the world so as to encourage a better financial system.
Yes, more countries will make bitcoin legal in their various countries because bitcoin has helped many countries that made it legalized to overcome hardship during the pandemic that collapsed some countries economy. I think bitcoin will really help those countries that are preparing to make bitcoin legal in their country because bitcoin has helped many countries to eliminate errors from their transaction and also reduced poverty from their land.
I hope the price of bitcoin in 2022 can reach $100k or more, this is because the ATH that happened in 2021 was almost $70k so I think the price of $100k is realistic and still within reach.
I think anyone who is investing in bitcoin also hopes that there is a lot of good news for bitcoin. for example bitcoin will take a big step forward, all countries accept bitcoin legalization, more people will know about bitcoin then bitcoin will be widely adopted.
My hope is that in the future more countries will consider bitcoin as a legal tender as El Salvador has done. By adopting blockchain technology, Bitcoin can overcome the financial problems of developing countries and poor countries in the world so as to encourage a better financial system.
My expectation is that inflation will keep prices from looking as dreadful as they did in 2008, but the damage will be no less real. Bitcoin will finally have to prove itself through a recession, and I think it's likely that it will be proven to be a speculative asset once the coming nightmare is over. Billionaires seem to think it's going to be a safe haven for their funds, and I hope they're right, but I can't imagine they are. I'm just curious if we're going to see one last selling opportunity before that happens and if the ETF approval is going to be a buy the rumor sell the news event, or if billionaires are really going to be able to prop up the crypto economy through the coming recession.
Billionaires really have a positive mindset about Bitcoin and they will put their money without thinking that anytime it will go like a bubble. I'm in doubt about Bitcoin before but looking at how these rich people trusted Bitcoin and move their funds in here, I could just think that this was a safe haven and a worth to risk.
I'm not sure if we are going to be afraid of such inflation, in fact, fiat still has that sentiment.
Bitcoin will exist long term, the government will legalize this, global adoption will come, and the majority will use this in the future.
My expectation is that inflation will keep prices from looking as dreadful as they did in 2008, but the damage will be no less real. Bitcoin will finally have to prove itself through a recession, and I think it's likely that it will be proven to be a speculative asset once the coming nightmare is over. Billionaires seem to think it's going to be a safe haven for their funds, and I hope they're right, but I can't imagine they are. I'm just curious if we're going to see one last selling opportunity before that happens and if the ETF approval is going to be a buy the rumor sell the news event, or if billionaires are really going to be able to prop up the crypto economy through the coming recession.
We have heard all the news about countries deciding to make bitcoin as legal, the latest being Russia and Ukraine as they both are also in some political problem. Obviously with this new statement that has been made on bitcoin status in those countries, it could be regulated by the government.
What is your expectation of bitcoin ?
What is your expectation of bitcoin ?
Of course my hope is that the government will soon legalize bitcoin and give citizens the freedom to transact with cryptocurrencies, it's time for the trend to change so that with cryptocurrencies it can be a better choice than just relying on fiat.
Of course, my hope is that all countries decide to make bitcoin legal, such as Russia, Ukraine, and El Salvador, who first made bitcoin a legal tender. If a country has legalized cryptocurrency then the local people are calm to buy and trade bitcoin and other cryptocurrencies.
I think many countries have decided that the best approach right now for them is to try to regulate the industry, however I do not think they are going to agree with making bitcoin a legal tender.The President and the congress at El Salvador took a huge step forward by doing something like this, after all if I am honest I was not expecting something like that to happen until at least an additional decade passed, however we cannot expect that every single political leader will be as forward thinking as them, however as times passes more countries will take the same step and that is when bitcoin will become completely unstoppable.
though we can count them to be adopting very soon , yet it is not that happening in our time now.
and besides what EL Salvador has done that truly change the market? look at what the movement since they adopt bitcoin?
Of course, my hope is that all countries decide to make bitcoin legal, such as Russia, Ukraine, and El Salvador, who first made bitcoin a legal tender. If a country has legalized cryptocurrency then the local people are calm to buy and trade bitcoin and other cryptocurrencies.
I think many countries have decided that the best approach right now for them is to try to regulate the industry, however I do not think they are going to agree with making bitcoin a legal tender.The President and the congress at El Salvador took a huge step forward by doing something like this, after all if I am honest I was not expecting something like that to happen until at least an additional decade passed, however we cannot expect that every single political leader will be as forward thinking as them, however as times passes more countries will take the same step and that is when bitcoin will become completely unstoppable.
What is your expectation of bitcoin ?
There is hope of course if countries have implemented a legal system for Bitcoin legally, of course if that happens it will create a system of change in the form of, economic, social and conflict, geo-political.The reason is simple, in essence, Bitcoin can be an alternative currency based on the idea of characteristics.
Example:
• in deflationary terms, if all countries legalized Bitcoin over time it became scarcer by supply and increasingly difficult to obtain and generate, thus automatically the price of Bitcoin will increase significantly and one more Decentralized factor.
You must know that the development of Bitcoin has entered 13 years, in terms of resilience for digital currencies it is still developing well, in terms of crypto users, adoption and so on, just imagine, from $10 to $42,500 today.
This will show if countries in the world have made a legal system, this can have an effect on good price increases in the future.
It's obvious by now, we don't need to wait till countries legalized them. Ever since we reaches all time high in 2017, there are a lot of them who required KYC, exchanges etc because governments are forcing everyone and making it a mandatory. So I guess this is now the basic but necessary part of countries accepting bitcoin. No more anonymity as they are going to give up in exchange of acceptance from countries and legalization.
It is really a good feeling that I am easily doing whatever I want with crypto in my nation. It wasn't really easy to get it going back in the day, it was good but not great so it took me a while to feel this way. Back in the day in my nation we had gray area situation, it wasn't illegal and nobody made it illegal, but nobody made it legal neither so it was always a bit of an issue.Quote
I hoped that it would do better and eventually it did, right now it is fully legal and nobody questions what I do with it, I can basically earn it, spend it, trade it or whatever else. This wasn't something I really expected many years ago, so the fact that it is finally here makes me feel so happy.
But what is the main concern of this thread? is the prediction or our expectation on what will be in this space .I am proud of what will be this market can create in the next years.
Legalization maybe a good thing for Bitcoin, but government will always find a way to regulate it. The good thing is, they cannot control Btc transactions. So, yeah legalization is somehow a good contribution to mass adoption.
Legalization is only good so that we can easily use bitcoin publicly without fear of breaking government laws and can help us avoid scammers, complaint when a dispute occurs
But legalizing Bitcoin will make us lose our anonymity because the government will find a way to manage our Bitcoin through KYC, worse yet, the government will intervene in the bitcoin price to make it more stable and be able to control it however they want.
We have heard all the news about countries deciding to make bitcoin as legal, the latest being Russia and Ukraine as they both are also in some political problem. Obviously with this new statement that has been made on bitcoin status in those countries, it could be regulated by the government.
What is your expectation of bitcoin ?
What we are worried about if bitcoin is made legal in use in the country, then bitcoin is no longer decentralized, and there will be many rules governing bitcoin's journey in the future, but on the one hand if bitcoin begins to be legalized, the level of trust of people will be even greater in carrying out investments, because people think state regulations are the safest thing to follow, it's the same as saving money in the bankWhat is your expectation of bitcoin ?
If bitcoin is legal then there will be many restrictive rules, even I'm sure the government will set a bitcoin price which may be different from market conditions, but in general if it is legalized then this is good because it will make users feel safe and not worry about the future of bitcoin.
Ukraine made crypto legal a while ago, it wasn't a recent thing. This is how they managed to get donations so easily as well because they have a ministry of sorts that deals with these type of digital stuff and that is how they integrated into their government as well.
Not only the regular people can use it easily without a worry and it is fully legal (and I am sure wouldn't even be taxed right now since they have bigger problems) but it is also literally used by the government itself. Russia will turn a blind eye during this period as well due to sanctions as well, I doubt that they would be able to actually punish anyone for using, when it is such a sensitive period.
That there is acceptance of donations for Ukraine in Bitcoins that are open to the public globally, but I believe affiliated countries also accept donations using Bitcoin although the address will never be found. Literally both countries open opportunities to use Bitcoin to receive donations and to avoid sanctions from European countries, I don't know if the impact of war will make Bitcoin legal and but our main hope is for the war to be stopped for the peace of the two countries. Not only the regular people can use it easily without a worry and it is fully legal (and I am sure wouldn't even be taxed right now since they have bigger problems) but it is also literally used by the government itself. Russia will turn a blind eye during this period as well due to sanctions as well, I doubt that they would be able to actually punish anyone for using, when it is such a sensitive period.
It's obvious by now, we don't need to wait till countries legalized them. Ever since we reaches all time high in 2017, there are a lot of them who required KYC, exchanges etc because governments are forcing everyone and making it a mandatory. So I guess this is now the basic but necessary part of countries accepting bitcoin. No more anonymity as they are going to give up in exchange of acceptance from countries and legalization.
It is really a good feeling that I am easily doing whatever I want with crypto in my nation. It wasn't really easy to get it going back in the day, it was good but not great so it took me a while to feel this way. Back in the day in my nation we had gray area situation, it wasn't illegal and nobody made it illegal, but nobody made it legal neither so it was always a bit of an issue.I hoped that it would do better and eventually it did, right now it is fully legal and nobody questions what I do with it, I can basically earn it, spend it, trade it or whatever else. This wasn't something I really expected many years ago, so the fact that it is finally here makes me feel so happy.
And as I have said, countries and government might be willing, but there will be trade-offs for sure. KYC and other legally mandated to identify and verify every bitcoin users in every country. And this is due to the global anti-money laundering law (AML).
It's obvious by now, we don't need to wait till countries legalized them. Ever since we reaches all time high in 2017, there are a lot of them who required KYC, exchanges etc because governments are forcing everyone and making it a mandatory. So I guess this is now the basic but necessary part of countries accepting bitcoin. No more anonymity as they are going to give up in exchange of acceptance from countries and legalization.
It is really a good feeling that I am easily doing whatever I want with crypto in my nation. It wasn't really easy to get it going back in the day, it was good but not great so it took me a while to feel this way. Back in the day in my nation we had gray area situation, it wasn't illegal and nobody made it illegal, but nobody made it legal neither so it was always a bit of an issue.I hoped that it would do better and eventually it did, right now it is fully legal and nobody questions what I do with it, I can basically earn it, spend it, trade it or whatever else. This wasn't something I really expected many years ago, so the fact that it is finally here makes me feel so happy.
I don't know about Ukraine, because there is a war going on there right now and a lot of people are officially donating cryptocurrency to this country, bitcoin among others, so you can probably say about the legal status of cryptocurrencies in Ukraine. But about Russia so far it is only a rumour. There is no official status of cryptocurrencies in Russia and there never has been. Moreover, I've heard that here it is possible to introduce criminal responsibility for storing cryptocurrencies on non-custodial and non-exchange wallets. I really don't know if this is a fud or not yet.
Ukraine made crypto legal a while ago, it wasn't a recent thing. This is how they managed to get donations so easily as well because they have a ministry of sorts that deals with these type of digital stuff and that is how they integrated into their government as well.Not only the regular people can use it easily without a worry and it is fully legal (and I am sure wouldn't even be taxed right now since they have bigger problems) but it is also literally used by the government itself. Russia will turn a blind eye during this period as well due to sanctions as well, I doubt that they would be able to actually punish anyone for using, when it is such a sensitive period.
We have heard all the news about countries deciding to make bitcoin as legal, the latest being Russia and Ukraine as they both are also in some political problem. Obviously with this new statement that has been made on bitcoin status in those countries, it could be regulated by the government.
What is your expectation of bitcoin ?
Dont expect too much because decisions and considerations would still really be that questionable.It might be having some probability but those are still rumors or subject to change.What is your expectation of bitcoin ?
Making bitcoin as a legal thing is really a good news since it do really adds up on overall adoption and recognition and this is what we do need if we do really like to see the price
or make it more valuable.Lets just not rush up because anything would really happen normally.Lets just wait up and be patient whether it would happen or not.
It's true don't have high hopes for the government to legalize Bitcoin, if it is time the government will definitely legalize Bitcoin. As happened
in El Salvador, where the government really supports Bitcoin by legalizing Bitcoin as a legal tender. But for other countries to do the same as
what El Salvador did it might take time. Therefore, so that we are not disappointed, let's just be grateful for the current condition, if our country
only allows Bitcoin as a digital asset we just accept such conditions. Most importantly as long as we can still use Bitcoin for investment it's a pretty
good thing, when compared to a country whose government completely prohibits the use of Bitcoin, that is a very sad thing. But I believe
if there are still countries that prohibit the use of Bitcoin, one day that country will change its mind. Most importantly we must be patient with
all government decisions and never doubt the future of Bitcoin.
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