What would happen if Bitcoin became a legal currency? - page 7.

Finestream

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Quote from: rockyboy on November 29, 2017, 07:03:31 PM

Quote from: Bitshake on June 08, 2016, 05:41:44 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?

We will be celebrating to the fullest if that will happen. When bitcoin becomes legal it will be a good news to all users and will help for more easier transactions because bitcoin will finally be accepted all over the world.

That will happen in the future because the government has no choice but to regulate bitcoin, as what we are witnessing now, bitcoin's popularity is increasing because people wants to ride with the success holding to make fortune. When popularity continues then we can expect big business to adopt with bitcoin and it will carry its customers, they will do that because they trust bitcoin to be the best payment system online.

_Dawid_

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Firstly I would like to mention that bitcoin is still legan and illegal in the same time because of its heritage in some countries.
Bo if bitcoin would become a 100% legal currency in the world the price would grow few times more that it is currently (10 000k ) i think.

CHENIEN

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Decentralized Ascending Auctions on Blockchain

When times come that bitcoin will be legalized.. Thats the time that their are some adjustment market price of bitcoin because of taxes demand by goverment. All transaction of bitcoin will having taxes of course... But when in happens, the nation also benifits and the income of goverment will improved and grow high becauseof bitcoin. So why not that bitcoin be legalized that also whole nation will benifits also the income tax of bitcoin. And it will be open more to the public users...

rockyboy

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Quote from: Bitshake on June 08, 2016, 05:41:44 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?

We will be celebrating to the fullest if that will happen. When bitcoin becomes legal it will be a good news to all users and will help for more easier transactions because bitcoin will finally be accepted all over the world.

Prince786

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If bitcoin be legal currency would definitely use it a lot and started to develop it into a business.I'm sure many people will start using bitcoin and bitcoin become popular around the world. The price of bitcoin also increase.

NewBet

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If Bitcoin becomes a legal currency, you could bet your bottom dollar its value would soar through the roof. How do I know this? Because the more people who use it, the less Bitcoin there will be, and the less Bitcoin there is, the more rare it is, and the more rare something is, the more it is worth. Supply and demand, economics 101.

Pattart

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Quote from: katarin2030 on November 23, 2017, 06:57:54 AM

Quote from: eloymjb on November 23, 2017, 06:13:43 AM

in my own opinion i think if bitcoin become a legal currency that is the time that bitcoin become more popular in all countries aroud the world. that is the way that more people encourage to hold and use it.

If bitcoin is recognized by the government it becomes official to use by all, as fiat currency is legal now in the same way bitcoin also considered and that results in increase in coin users, at the same time price may also increases.

The possibility is sure to happen is bitcoin prices will skyrocket more than this time because when bitcoin becomes legal there will be many people outside who then know and trust in bitcoin and it will make masive adoption and of course it will make marketcap become bigger and finally make price higher, but the question is when bitcoin becomes legal? lol

Yadamosan

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if Bitcoin became a legal currency, i think its rate would be stabelised

well if every country accept bitcoin as a currency it will be corresponded by a certain international law that will influence the value of
bitcoin and it will not follow the real intention of creating bitcoin as it was desire bein decentralized and ain't control by anybody.

BeGoods

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Quote from: Tegin92 on November 23, 2017, 02:20:04 AM

Of course it will reduce the rate of poverty in every region or country and will support the economics of the layers of the poor if true bitcoin is legal by the government

Lol how can do that? first bitcoin to be legal does not mean all poor people then have the ability to use internet and then use bitcoin. being legal will make more and more people believe in bitcoin and then invest in bitcoin. while the poor will not care about it because they are not familiar with technology #IMO

katarin2030

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Quote from: eloymjb on November 23, 2017, 06:13:43 AM

in my own opinion i think if bitcoin become a legal currency that is the time that bitcoin become more popular in all countries aroud the world. that is the way that more people encourage to hold and use it.

If bitcoin is recognized by the government it becomes official to use by all, as fiat currency is legal now in the same way bitcoin also considered and that results in increase in coin users, at the same time price may also increases.

CherRic

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Quote from: Bitshake on June 08, 2016, 05:41:44 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?

More people will be encouraged to join bitcoin. They will be desperate to join and use bitcoin. It would be so nice because you can use it legally and anywhere in the country.

eloymjb

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in my own opinion i think if bitcoin become a legal currency that is the time that bitcoin become more popular in all countries aroud the world. that is the way that more people encourage to hold and use it.

Yarsk

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Despite the fact that bitcoin is not yet generally legalized many people has adopted bitcoin as they secondary currency.
But if bitcoin is generally legalized it will make it More accessible and the price of bitcoin will sky rocket and the government will be able to tax bitcoin in some form, it activities will be more popular and more investors will be confidence to invest more in the digital currency which will increase bitcoin supply in the financial system.

julzcoinbit

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Quote from: tommierijnbout on November 23, 2017, 03:38:19 AM

The first thing will come at first is price of Bitcoin will raise into 15k$ . The second thing is crypto currency industry will be at high development. Fiats could be replaced
by Bitcoin too.

If time will come that bitcoin will be legal in our country, I think the price of it will increase rapidly and will explode as bitcoin demand will surely pump as many people will start using bitcoin. And I think fiat currency will be denied because through bitcoin people can easily pay their bills via online and can shopped in the store easily just scan their wallet code then they can able to pay of what they are get shopped in the department store.

tommierijnbout

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The first thing will come at first is price of Bitcoin will raise into 15k$ . The second thing is crypto currency industry will be at high development. Fiats could be replaced by Bitcoin too.

Tegin92

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Of course it will reduce the rate of poverty in every region or country and will support the economics of the layers of the poor if true bitcoin is legal by the government

Papaczed

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Quote from: winfair on November 18, 2017, 06:31:21 PM

I think if the bitcoin going to legal currency maybe it is OK for that or in near in future

For me that would be great for all the users and for the supporters of bitcoin, if it will be a legal currency all over the world, and i think there are mamy people who are unemployed will have a interest in bitcoin, and in that bitcoin can help our economy to reduces the unemplyed people all over the world.

laetitiavh

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Quote from: ask on November 22, 2017, 10:39:20 AM

Bitcoin is not flagged as illegal in my country and so there is no legalyty issue for me.
If something is not illegal then its legal.
Do you know a country where bitcoin is illegal?

There are tons of counties that flagged Bitcoin as an illegal method payment, the big one that effect to the crypto currency market is China.

Bella Thorne

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Quote from: winfair on November 18, 2017, 06:31:21 PM

I think if the bitcoin going to legal currency maybe it is OK for that or in near in future

Well that would be the best thing could happen if the bitcoin became a legal currency, i think many people is we will go and will try bitcoin as their source of income like the many users doing, and i think there will be more many investors who will also want to invest here in bitcoin.

ask

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Bitcoin is not flagged as illegal in my country and so there is no legalyty issue for me.
If something is not illegal then its legal.
Do you know a country where bitcoin is illegal?

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