What would happen if Bitcoin became a legal currency? - page 43.

newcoins1978

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Quote from: ?? on ??

Well if bitcoin will become a legal currency I think its price will rise. It will also be easier to use bitcoin in our daily lives. It would be nice to buy something in the grocery and pay with bitcoin. Grin

Yes the price would rise to a much higher amount and there will be a lot more users plus more company's that are gonna accept it.
Maybe even our salary will than goes by the bitcoin, this would be just so nice.

sishendaoye

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If Bitcoin became a legal currency the one thing that the government would do is putting tax on it so that they could also make money on it like they always do.
That is why I do not hope that it does not hope that the Bitcoin becomes fully legal.

hendra147

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if that happens, perhaps the development of bitcoin will get better, and also the number of people who will use bitcoin as an alternative transaction, other than a credit card, because bitcoin has more benefits.

dste123

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Quote from: Cryptonitex on June 13, 2016, 01:19:11 PM

The world would be a better place. Crime will go down, wars will end, people will get out of debt, and the world will continue to spin.

not sure why you think crime would go down...people are still people at the end of the day

beerlover

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Quote from: Cryptonitex on June 13, 2016, 01:19:11 PM

The world would be a better place. Crime will go down, wars will end, people will get out of debt, and the world will continue to spin.

Haha not the crime will go down, but surely the technologies will get high. I think many places where we still worry would be made easy, for example we can pay someone with bitcoins and order pizza and dont have to worry as we have the transaction ID

ontrackk

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i think then most of the people would use it on every day occasions and the price of the bitcoin would grow more

Endikadija

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People will start to use it in everyday life.it woudnt be needed to carry a wallet anymore. A lot of people will be more interested and trust in it because nowdays a lot of people believe it is a big 'scam'

darewaller

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Quote from: Nowl1935 on June 13, 2016, 12:28:57 PM

Quote from: Bitshake on June 08, 2016, 04:41:44 AM

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 got accepted online and it become an a legal currency,I think the supply of btc will decrease, because many people is buying it right? And also the demand will increase. But i think the people will just make this one as their secondary mode of payment.

There is a disadvantage also, which is that once its legal we cannot gamble with bitcoins ? I think I use bitcoins mostly for fun gambling and if made legal I can not play with bitcoins anymore freely Sad

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: Betwrong on June 16, 2016, 06:27:54 AM

Quote from: Bitshake on June 08, 2016, 04:41:44 AM

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?

Is it illegal? Well maybe in some countries it is, but most of the world is using it legally I guess. So I think if it will become "more legal" than it is now nothing will change much.

in almost every country using bitcoin is legal without any problem and there is only a couple of countries that have the problem with bitcoin..

and in some of the countries there are rules and regulations for using bitcoin in businesses.

Betwrong

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I stand with Ukraine.

Quote from: Bitshake on June 08, 2016, 04:41:44 AM

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?

Is it illegal? Well maybe in some countries it is, but most of the world is using it legally I guess. So I think if it will become "more legal" than it is now nothing will change much.

CasioK

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Quote from: erikalui on June 09, 2016, 12:19:23 PM

Bitcoins would require verification before we open a wallet and the price would be as stable as USD, EUR with few cents up and down daily. We could use it to trade in forex which is a positive and then we would also be able to secure our bitcoins incase of a hack, scam or fraud.

True and actually if it becomes legal then it would be more problem because then all the sites will ask us long and bad verification and the anonymity which is the best thing about bitcoins would be lost. Let it run as it is Wink

klf

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Quote from: Supercrypt on June 16, 2016, 01:06:34 AM

Quote from: Bitshake on June 08, 2016, 04:41:44 AM

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?

That day would be a worth a heaven. I think though this is not possible reason being its decentralized and the government of any country would not want to make it legal as they have no interest in this and without personal benefits they hardly move.

Yes if Government make bitcoin as legal currency they who will pay tax so no income to government that is why they are not allowing this currency as legal. If it happen means yes those who will do online business for them it will very helfull and women can easily addict this Bitcoin i think because they can use it for online shopping right so but let's see when it will happen.

Supercrypt

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Quote from: Bitshake on June 08, 2016, 04:41:44 AM

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?

That day would be a worth a heaven. I think though this is not possible reason being its decentralized and the government of any country would not want to make it legal as they have no interest in this and without personal benefits they hardly move.

Snorek

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Quote from: MHopkins on June 15, 2016, 10:18:57 AM

Quote from: Bitshake on June 08, 2016, 04:41:44 AM

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 already is, here in Europe. Bricks & Mortar shops, ATM's etc. Wink

It is not exactly what Op had in mind. Legal payment method = equal and accepted as standard 'money' in every possible situation.

Bunch of exclusive shops or 1 or 2 BTM in the your capital city is not gonna make bitcoin legal currency. For now we are lucky that bitcoin is not being ostracized.

rickadone

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Quote from: fllipperr on June 15, 2016, 08:50:19 AM

then its more okay on our part cause we can buy a lot of things with these aster all this what we need on real life.. the money.

But can't we buy a lot of things with cash? I mean, if that's the reason you're going to be having, then cash would've been better to use than bitcoins because not everyone is using bitcoins just yet. And that's where legalizing bitcoins come into action. The fact that not everyone is using bitcoins, if it is indeed legalized, more and more people will start using bitcoins.

[email protected]

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It's a sure thing to happen.
But have to go through a long process
At present, the biggest problem is that the efficiency of transfer

MHopkins

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Quote from: Bitshake on June 08, 2016, 04:41:44 AM

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 already is, here in Europe. Bricks & Mortar shops, ATM's etc. Wink

JanpriX

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Buy The F*cking Dip

Well, if BTC became a legal currency, it will produce positive results. The demand for it will increase incrementally and the price will go up much higher. Though many positive outcome can be produced, we should also expect that there will be opposite effects when this happens. I don't exactly know what it is but we just need to be prepared about it.

fllipperr

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then its more okay on our part cause we can buy a lot of things with these aster all this what we need on real life.. the money.

nicojaewpunk

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Price will go up so high and make me rich Roll Eyes

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