Topic: What would happen if Bitcoin became a legal currency? - page 17. (Read 33690 times)
Obviously, we all know that this might be a great inpact on our society and this will be much interesting on the monetary evolution. All of our purchases will be on internet and internationally being praised of criticism because they are useful on our society. In the future matters bitcoin will be more face if it is come on financial matter. It can purchased much items in the future
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 it will be legal to most of the countries, more people will be interested and will use it as a currency. This will result into a total increase on its market demand and will positively affect its market value, it will increase to be more specific. It will also result for Bitcoin to be less volatile and might be highly stable that will make other people more interested to 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?
If bitcoin became a legal currency, it will be good for people and country. Legal business will gaining more profit, local innovation in this scope will be create and driving bitcoin trade on the black market will be easier to manage and control. 
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?
It is a legal tender already. Maybe most people really haven't noticed that. Anything tendered or given in exchange for goods and services is regarded as money or a legal tender. Provided it isn't outlawed. Bitcoin is being accepted by some stores. There are Bitcoin Teller Machines in parts of Europe. It is already a legal tender maybe not generally accepted by all countries. OP, except you mean for all financial institutions of different countries like Central Banks to accept it? I tell you any day that happens Bitcoin will lose it appeal and it will crash because privacy and decentralization will be lost.
Everyone start working on bitcoin including those who afraid to join bitcoin world and thought that bitcoin is a scam and people are lying that they earn that much money from bitcoin.
Yeah sure people who were previously afraid of bitcoin will start to believe with bitcoin and start using bitcoin because bitcoin has been legalized. Legalization will change everything. Including people's confidence in bitcoin because it will certainly make them believe and not afraid of bitcoin
Maybe the other money will be replaced and only BTC will be used.
Money cannot be replace by bitcoin easily. Neither the government will do that change because the governments consider their national currencies as their wealth and their national signs and they will not leave it. So i would tell you that it is better if bitcoin is nearly link to people but it is bad if the money changed to bitcoin. Bitcoin is best on its place and money it is good at its place. 
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?
First and foremost when bitcoin became a legal currency, it will be a big news published on newspapers, online media and even televisions. Upon legalization, many will be engaging into bitcoin and along with it, establishments will not upgrade their operating system to generate or accept the usage of bitcoin to follow consumers demands.The supply is limited and it is one thing that could give a price increase as it is more popular, the technology behind which is the blockchain is the reason why it should be popular.
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?
First and foremost when bitcoin became a legal currency, it will be a big news published on newspapers, online media and even televisions. Upon legalization, many will be engaging into bitcoin and along with it, establishments will not upgrade their operating system to generate or accept the usage of bitcoin to follow consumers demands. 
I think it will affect the value of currency on every country on this world remember we have different value of money around the world and I think it start a war or arguement or something.
that is right but i think still people will continue use fiat also. because i do not that bitcoin can get the position of fiat in such a short time and therefore people will also continue using fiat. but i think the use of bitcoin will increase from time to time and so the sue of fiat will decrease, which will in fact become useless after some time. Everyone who afraid before will start buying Bitcoins and starts holding it. Now many people are kept understanding the potential of the Bitcoin because many countries are legalizing it as legit currency.
Well, after the event of Bimixer and BTC-e in July, we are know Bitcoin in current not anonymous as our means in first time. The government still control Bitcoin and they can catch criminals use Bitcoin for business unauthorized.
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 this will happen, the population of bitcoin will increased and no dumping will happen. Imagine if this will accept in all store, more peolpe will buy this because the capital can gives a profit. Since its not stable the only who used to buy is the profit. And I'm sure investor will put their money in bitcoin it is because of the profit, the supply of bitcoin will increase. And also the country who used this will grow the economy. 
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?
There would be more investor and more user's because everyone would be using it,And the price would definitely pump up as the investors and user's number grow up.
Everyone who afraid before will start buying Bitcoins and starts holding it. Now many people are kept understanding the potential of the Bitcoin because many countries are legalizing it as legit currency.
Well, after the event of Bimixer and BTC-e in July, we are know Bitcoin in current not anonymous as our means in first time. The government still control Bitcoin and they can catch criminals use Bitcoin for business unauthorized. 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?
Massive mass adaptation would surely occur because btc is new in the ears of other people especially to the outside of the internet. Safety will be the biggest problem if btc becomes legal because of the absence of government many hackers will take this as an opportunity to hack many accounts of btc and it makes the digital currency more vulnerable to fraud and identity theft. As we don't have assurance that bitcoin will maintain its high price it is hard for us in the future if it becomes legal.
bitcoin is becoming legal as years goes by, I love bitcoins present form and purpose. Theres a lot meaning when we say legal, bitcoins original form is unregulated it is not good to hear government wants to regulate it.
Everyone who afraid before will start buying Bitcoins and starts holding it. Now many people are kept understanding the potential of the Bitcoin because many countries are legalizing it as legit currency.
Everyone start working on bitcoin including those who afraid to join bitcoin world and thought that bitcoin is a scam and people are lying that they earn that much money from bitcoin.
Of course there will be massive mass adoption going on and then bitcoin prices will jump so high as there will be millions of users who come and invest and then work on bitcoin. Then I will not know after that maybe there will be a new problem, and it will always come
When bitcoin become a legal currency, definitely, in my opinion, there is a possibility of having a centralized currency if bitcoin will be spreading through out the world and if everyone is already learning about bitcoin. I think it is possible.
Maybe the other money will be replaced and only BTC will be used.
That is what we expect, in this world too much currency because almost every country has a currency (there is euro used europe area), so when transactions between countries cause problems, often use third party currency so that make economic inequality. 
Maybe the other money will be replaced and only BTC will be used.
Jump to: