Topic: What would happen if Bitcoin became a legal currency? (Read 33690 times)
Think when bitcoin becomes lawful, it will be very good because many people accept bitcoin, including online fraud. It will be one of the best currencies around
This would become a big problem for the government, primarily in the legal sense. Monopoly of the right to issue money is one of the main privileges of the state. If you equate bitcoin to the official currency, it turns out that anyone can issue money. This is one of the reasons why the legal status of the biton is still unknown.
Surely the world would be welcomed, when many transactions with real money (using rate from strong currency as USD, EUR, JPY and etc) certainly gives rise to the strengthening that currency so the value of the local currency steadily rectified.
If bitcoin became a legal currency, many people will notice bitcoin and start using bitcoins. It will give a good impact into bitcoin for sure and the price of bitcoin can increase.
Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
If bitcoin become legal on world 6 to 10 percent population than its value will be 10 to 20 times more from current price. Till now we have seen much popularity of bitcoin in Japan where it is legal.
This should positively affect its price, perhaps bitcoin would become even a reserve currency on an equal footing with the euro and the dollar.
we won`t see so much difference in our daily life I guess because now we are making the transfers with paypal and similar stuff and cards than we will use the same cards with a different name.
If that happens then chances are that bitcoin will be the world's currency like the dollar and can replace the dollar position because bitcoin will be much more practical to use than the dollar.
It will be news of happy happiness. If Bitcoins become legal currency, then everyone will start using it. Bitcoin prices will be more concentrated. Arrangements for many will be arranged. It will hold huge size and everyone will be able to use it.
Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
I am very happy because of I already a lot of coins on my wallets. I’m just kidding. If the bitcoin became a legal currency, I think we need another blockchain because the community is getting more and more and to maintain the fast and reliable transaction. We all so need to are global regulation came from the government to avoid the criminal’s activities using the bitcoin. Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
If bitcoin become legal on world 6 to 10 percent population than its value will be 10 to 20 times more from current price. Till now we have seen much popularity of bitcoin in Japan where it is legal.
Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
If bitcoin become legal on world 6 to 10 percent population than its value will be 10 to 20 times more from current price. Till now we have seen much popularity of bitcoin in Japan where it is legal.
Bitcoin is legal currency almost eveywhere, everything we need is make pruchases with bitcoin but it's impossible to make because bitcoin isn't accepted by everybody.
It will be great if bitcoin accepted become legal currency, it will be easier for us to use and spend bitcoin, all transaction will become easier
So if bitcoin become legal it will bring a lot of great impact especially from economy side
So if bitcoin become legal it will bring a lot of great impact especially from economy side
First of all we have to regulate the bitcoin before considering it as a legal currency, because no govt. want any decentralize currency as a legal tender.
even japan has regulated it. But if it is legal all over the world then price of the bitcoin is getting too high because demand will be more and supply will be less. and one thing more govt. can able to control inflation rate by using crypto as a legal tender.
even japan has regulated it. But if it is legal all over the world then price of the bitcoin is getting too high because demand will be more and supply will be less. and one thing more govt. can able to control inflation rate by using crypto as a legal tender.
For me, if bitcoin become legal currency, it will give bitcoin users an excellent feeling that all this year's bitcoin become legal and accepted. If bitcoin became legal, I’m sure its value will rapidly increase because the acceptance of it skyrocket. Also, I’m sure that all store’s establishments or company will now accept bitcoin as payment. We all know that there are so many possibilities will happen if bitcoin become a legal currency and I’m looking forward and hoping it will happen even there are some country already ban bitcoin for some reasons. 
Ofcourse it will be a big advantage for all the investor now, bitcoin is limited and im sure the price will go bullish and sky rocketing, and it will affect another alternative coin, especially etherium.
The total majority of countries already have a digital version of their own fiat money. The government will not like a currency that is not controllable by them since it has a negative impact on society.
Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
If the bitcoins will become a legal currency then a lot.of people will have a chance to use them again because there are pretty much legal for a lot.of xountey especially Japan and they also want to be a bitcoins capital of the world and thebbitcoins price can rise back up again into the market if all the country the bitcoins will be legalize. Expect that the bitcoins will.go to the moon again
I think, if bitcoin was accepted by the government we could now use bitcoin as a payment for every stores and almost everyone will use bitcoin as a source of income. I also think if bitcoin become a legal currency, i think we will pay taxes to the government which is unfair and i really wish that couldn't happen.
Jump to: