Topic: What would happen if Bitcoin became a legal currency? - page 4. (Read 33691 times)
Well, firstly, we`ll see liquid market with no volatility,and it will mean we`re going to the next phase of world economy. Because at this moment with such volatility and pumps and dumps it`s not the market of healthy 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?
It will be in favor for Bitcoin because in the frist place that's te goal of Bitcoin as a cryptocurrency which is to be used as a currency. But I think things won't be the same because There are chances that its market price will be higher because it will be more indemand and the market cap of Bitcoin is just limited. No one still knows what will happen if it ever it will be legal to most of the countries so lets just see it for ourselves 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?
The economy will grow more and i think if it happen poor people will die because of manipulation of whales so i think rich people will become rich more because of that and all poor people will become more poor just in my opinion.
I could see bitcoin becoming the cash of the world. No need to get money changed before you go on holiday.
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 will be in favor for Bitcoin because in the frist place that's te goal of Bitcoin as a cryptocurrency which is to be used as a currency. But I think things won't be the same because There are chances that its market price will be higher because it will be more indemand and the market cap of Bitcoin is just limited. No one still knows what will happen if it ever it will be legal to most of the countries so lets just see it for ourselves in the future. First of all, I would like to announce that today Indian government has declared that they are not gonna legalize any decentralized currency so officially Bitcoin is not banned including other cryptocurrencies anyway if Bitcoin became a legal cryptocurrency then retailers and services (both physical and virtual) I going to start accepting Bitcoin on a wide scale. It is also going to improve the taxation collection of the Income-Tax and other types of taxes.
As you said, it means the Indian government will not work for any case about cryptocurrency because they do not accept the risk of cryptocurrency (the only decentralized currency at current). It also means in your country, the cryptocurrency users have to accept the risk of this currency without any risk about the policies of the government, is right? 
If this will happen people will start learning about bitcoin so that they can have something to use and that the whole world would be using internet in order to use it and maybe people in poor countries had a hard time to adopt it.
I think that many people will start selling / buying bitcoins in the same way as drugs and other illegal stuff. People will always find the way how to use illegal things.
It will be a good news to all bitcoin users. If it was legalized then its easier for us to used our bitcoins in our daily activities the same way we spend fiat currency, however their might be a great chance that tax will be implemented.
First of all, I would like to announce that today Indian government has declared that they are not gonna legalize any decentralized currency so officially Bitcoin is not banned including other cryptocurrencies anyway if Bitcoin became a legal cryptocurrency then retailers and services (both physical and virtual) I going to start accepting Bitcoin on a wide scale. It is also going to improve the taxation collection of the Income-Tax and other types of taxes.
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?
we've been waiting for a long time and if that happens then more and more investors will come with their own money to start investing in new investments and this will make the value of bitcoin very high
All users would hope so, if bitcoin is legalized and used as a legal currency then it is certain that the price will skyrocket, may reach $ 1 million in a short time, and I'm sure that this will happen someday.
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
It makes easier to all users of bitcoin if become legal currency.and no more doubts.because some outsiders said bitcoin is dangerous and scam,while they dont have any idea what bitcoin is,It will be great to all users if become legal the Bitcoin,all transaction will be fast and easier. So if bitcoin become legal it will bring a lot of great impact especially from economy side
a lot of things come to my mind bitcoin will be in demand a lot of investors will pay atention in cryptos then the price will rise up everyone should be happy in that option but the side effect government will implement a cryptosystem added tax and very time you cash your money in any bank PR remittance they gonna cut your money half and the half of your money will go to the government funds wth
I think that we will start using other cryptocurrencies in this case. When stick with bitcoin is dangerous better to change your currency and would be enough.
this is still in the process stage of all developed countries, all countries are now making regulations about this digital currency.
Yes I also think that these regulations are the process of making bitcoin as a legal currency for a particular state. Suppose if a state will take the regulations then it means that they are thinking for the use of it in their state and that is the way that a state make it a legal currency in the state. 
this is still in the process stage of all developed countries, all countries are now making regulations about this digital currency.
Well here in my countries although there is no clear status of our bitcoin into our government. But atleast here in my country, bitcoin is somewhat legal. Although there is no direct confirmation. But thr fact that there are governmeny agencies who can be paid by pur bitcoin perhaps it is very legal.
Bitcoin is electrical data and some countries have banned it because of many reason. This coins price is so much high and it changes its value at a regular interval and for this reason many people can get a good profit from it. If bitcoin become a legal currency then some its price will not move regularly.
I think and for this reason many people will be refused to get profit and many rich people will invest their black money into there and government will not have anything to do and for investing their much more money they will buy most of the bitcoin and general public can not be able to buy bitcoin because this coin is a limited coin and the main problem will this coin will move that’s price so high because rich people will so much affected with this coin. I think this position is good for general traders and governments. No need to make it legal currency.
I think and for this reason many people will be refused to get profit and many rich people will invest their black money into there and government will not have anything to do and for investing their much more money they will buy most of the bitcoin and general public can not be able to buy bitcoin because this coin is a limited coin and the main problem will this coin will move that’s price so high because rich people will so much affected with this coin. I think this position is good for general traders and governments. No need to make it legal currency.
All kinds of commodity trading can be paid by BTC. Paper money will be reduced!
The main problem is how to regulate the crime of using BTC!
The main problem is how to regulate the crime of using BTC!
At that time, I think the price of bitcoin is very high, because billionaires in the world will surely buy a lot. The total amount of bitcoin will be 21 million. Obviously, the price of bitcoin will greatly increase. Compared with Bitcoin, now it becomes the legal tender , Then its price will fluctuate very little, Bitcoin will change the world economy.
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