Topic: will all country accept bitcoin as a currency in future or it will restricted ? (Read 124 times)
February 14, 2018, 02:50:07 AM
Every country has different approach to bitcoins, some totally bans it, some made some restriction, while others actually adopt to it and even make their own cryptocurrency. Although I think its not impossible that all countries may accept bitcoins, if those who adopt to bitcoins became successful in the future, maybe it will convince more countries to do the same and eventually the whole world.
February 14, 2018, 02:15:33 AM
it's impossible because until now many countries not accept bitcoin and some of them are totally banned bitcoin. for countries with economic conditions is not good, they have worries if bitcoin can worsen their economic situation, I think it's difficult if bitcoin can accept in all country in the world
I don't agree totally with mate that it is impossible that world will start accepting bitcoin. Nothing is impossible. But that happening will take huge time because anything in legalization in any country have some SOP which should be completed while also bitcoin is still new in market as compare to fiat currency. So once it can get all qualities which will complete SOP's of all the world then surely world will start accepting bitcoin as a legal currency. February 14, 2018, 01:44:46 AM
it's impossible because until now many countries not accept bitcoin and some of them are totally banned bitcoin. for countries with economic conditions is not good, they have worries if bitcoin can worsen their economic situation, I think it's difficult if bitcoin can accept in all country in the world
February 14, 2018, 01:42:08 AM
The future is not certain. We are never sure what role will bitcoin and other crypto coins will play in the future. It is possible that bitcoins will be adopted by a few countries but not all will go with the flow. The fiat money is still the primary currency used to run the economy. And besides, cryptos like bitcoin are too volatile and fluctuates every now and then thus it can't be used to buy usual commodities.
February 14, 2018, 01:18:34 AM
it all depends on volatility. While she is, pay bitcoin or who will not
February 14, 2018, 01:16:58 AM
So far, we can say only one thing - that the crypto currency will develop. As for the future bitcoin, here in many ways everything will depend on the specific circumstances. It is not possible to say whether all states will in the future recognize bitcoin as a currency. Recently, bitcoin has accumulated many shortcomings that have not been eliminated for a long time. In addition, due to the speculative speculative demand for it, it manifested itself as a financial bubble, which caused distrust to itself from some investors and states and began to lose confidence in itself.
February 13, 2018, 05:02:52 PM
Each and every country have their own rules and they decide as per their economic and political situation whether to accept bitcoin or not.So still there might be some countries in future which would act against bitcoin.All the countries could not be expected to accept bitcoin as a global reserve currency like USD.Those countries which adopt bitcoin quickly would start their economic progress more quickly than those which later adopt it.
February 13, 2018, 05:00:58 PM
That depends on the individual country but you see Western countries embrace it and in general controlling countries ban it. If that doesn't say it all, I don't know what will. (they are scared of people having power 
)
)He's asking about "all". The most obvious answer is NO. It's the same no I'm telling people who are asking if all governments will ban cryptocurrencies. There's no such thing as a worldwide compromise. Look at what's going on with nuclear weapons. We all know they are bad and 95% of the world have agreed to stop producing them, but some countries like North Korea or India said screw you all, we will make more! So, there you have it. The world will never agree to accept cryptos, but it will also never agree to ban them.
February 13, 2018, 04:59:31 PM
This depends on the controlling power of each government. some government are more controlling than others as such they will do anything to prevent their citizens from having access to anything that will bring decentralization nd thereby reducing their powers. The more liberal governments will of course embrace it.
February 13, 2018, 04:50:26 PM
:)will all country will accept bitoin as a currency in future
I think no. Not all the countries will embrace bitcoin as their currency in the future because now there are some countries who already ban bitcoin. And what more in the future right? It will be a possibility that they would unban bitcoin if they would learn the concept, benefits, advantage, etc. of bitcoin in the world. Once the dissemination of information about bitcoin is done, then there is a higher chance that most of the country will accept it as their own currency but it will take time to happen.
February 13, 2018, 04:41:59 PM
Right now, there are many complications when it comes to the adoptation of Bitcoin which is why its widespread use regularly has been prohibited by higher officials accordingly. In the future, hopefully under the right circumstance, Bitcoin would be accepted to work hand in hand with fiat. Let's just all remember that Bitcoin has to coexist with local fiat to allow proper usage and adoptation.
February 13, 2018, 04:34:30 PM
As you can see some countries have already banned Bitcoin, they don't want the digital currency being used on their countries by the local citizens. So I believe Bitcoin isn't going to be accepted in all countries in the future. Different countries have different views about many subjects and with Crypto-Currency it's not different, so there will be different attitudes towards Bitcoin depending the country... Some more friendly, some more hostile (ban).
February 13, 2018, 02:34:04 PM
I think it depends on your country, because BitCoin is cash on your computer. BitCoin is the latest digital peer-to-peer (p2p) currency that can be used to replace cash in online buying and selling transactions. Unlike other online currencies associated with banks and using payment systems such as PayPal, BitCoin is directly distributed between users without the necessary intermediaries.
February 13, 2018, 02:32:00 PM
:)will all country will accept bitoin as a currency in future
Hi mohit3110MM,
I think that would be possible. but one major country needs to start that first so that other countries will follow as well.
February 13, 2018, 02:27:57 PM
It is hard to say now if all countries will restrict bitcoin or maintain it as world currency. All will depend on technology development and the willingness for countries to use it as medium of exchange.
February 13, 2018, 02:19:51 PM
There is no definite answer unless you encounter someone who is capable of seeing into the future but it is a possibility many of us are quite optimistic about. I for one can hardly wait for cryptocurrency in general to be widely adopted as it would resolve many of the issue I currently encounter.
February 13, 2018, 02:15:13 PM
:)will all country will accept bitoin as a currency in future
They will accept it. Bitcoin will be better than gold and bonds because it can be "transferred" easily over the internet.
And it's deflationary, so it's a good store of value. I think that I've read about funds starting to invest into Bitcoin. More will come. They have big financial power and they'll lobby against banning Bitcoin.
February 13, 2018, 02:10:32 PM
if you want block chain technology u have to accept bitcoin.mind it.
so developed countries will accept bitcoin.
so developed countries will accept bitcoin.
February 13, 2018, 01:12:34 PM
ya in india government are thinking to regulate bt they are having problem how they can put taxs n all on bitcoin
February 13, 2018, 01:09:53 PM
:)will all country will accept bitoin as a currency in future
It actually depends on how a country would view bitcoin. In some countries, they are afraid of bitcoin because of it's risk and market volatility. However, some countries see a good long term potential in bitcoin. Let's just all see what possibilities are in store for bitcoin in the future.
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