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    Author Topic: What is Bitcoin? Will Bitcoin be traded in all countries in 2025?  (Read 947 times)

    • jossiel
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    July 06, 2021, 11:19:57 PM
     #81
    Quote from: gundala on July 05, 2021, 11:38:52 PM
    Quote from: jossiel on July 05, 2021, 05:12:36 PM
    ~snip~
    well, we won't really know what's going to happen in the future until it actually happens. not because they don't understand, but most reject bitcoin because it's decentralized and can't get started, so it's a precautionary measure to prevent any threat from plaguing the economy.
    Yes, because the price is strongly influenced by supply and demand, the price will continue to change. let alone the many rumors or news related to bitcoin, it can support price increases and even decreases.
    whatever it is, don't worry too much about what we don't know. try our best according to our capacity in working in this cryptocurrency ecosystem.
    If they're worried about its decentralization then why some other countries able to adopt it and go along with its feature and benefit from it? I'm guessing that they do not just understand what are the positive implications that it can give to them.

    If they're not going to try it, that's okay but they can always reverse their decision and that's the same as accepting it today and prohibiting it afterwards. Just like those countries that have done it.

  • jossiel
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    July 07, 2021, 10:40:43 PM
     #82
    Quote from: fauzan Ichsan on July 07, 2021, 03:50:19 AM
    Quote from: jossiel on July 06, 2021, 11:19:57 PM
    If they're worried about its decentralization then why some other countries able to adopt it and go along with its feature and benefit from it? I'm guessing that they do not just understand what are the positive implications that it can give to them.

    If they're not going to try it, that's okay but they can always reverse their decision and that's the same as accepting it today and prohibiting it afterwards. Just like those countries that have done it.
    from several countries that accept bitcoin such as elsalvador, of course this can be used as a reference for other countries that will imitate it. but I think if developed countries can adopt it and legalize it then many other countries will follow suit, because of course developed countries have a lot of influence on developing countries or other developed countries
    For developed countries.

    I don't think that they'll get into the bandwagon that quick. There the ones that are stricter than those developing and third world countries. If you happen to see such problems, they're the ones to stop that adoption.

    Unless its a country that has a lot of regulations about cryptocurrencies.

  • goldade
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    August 11, 2021, 03:35:21 PM
     #83
    Quote from: asif0990 on June 05, 2021, 01:24:20 PM
    What is Bitcoin? Will Bitcoin be traded in all countries in 2025?
    Bitcoin is the most advanced virtual reality that has become the most popular around the world.
    Although this bitcoin is banned in some countries, most countries in the world have licenses to buy and sell bitcoin.
    Countries where bitcoin transactions take place are being recognized as superior countries.
    So I think all the countries that have been banned, those countries, if the ban on bitcoin or virtual coins is lifted, then those countries will move forward.
    That is why the value of Bitcoin will go out even more.
    The advantage of Bitcoin is -
    Big companies can transact with Bitcoin very easily and securely. It will also increase their time and will be safe.
    For this reason, the transactions of Bitcoin will increase a lot by 2025.

    Just like you mentioned, bitcoin has several advantages over fiat currency in that one can make transactions very easily and it is even more secure than transactions using fiat currencies.
    However, you should know that bitcoin is practically traded in all countries. The only issue is that some governments have placed ban on the use of cryptocurrencies.  This doesn't in any way mean that one can't still trade crypto.
    If you ask me, I still don't think it is possible for every government to have adopted bitcoin by 2025. Of course, adoption is ever rising but still it would not have been adopted throughout the world.

  • Robinson66
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    August 12, 2021, 09:52:22 AM
     #84
    Bitcoin itself can be paid globally. But there are still many countries prohibiting excavation of Bitcoin, prohibiting bitcoin. But you can still pay with others.
    it is best not to trade from prohibited countries.
     
    Now, although many countries set Bitcoin to statutory currency, now not all people know Bitcoin.
    Bitcoin still needs to develop a few years.

  • romero121
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    August 12, 2021, 04:21:56 PM
     #85
    2025 means we've got four more years. Since mid 2020 the cryptocurrency usage and the users around the globe have increased big. This has caused as a result of people spending lot of time online as every country was under lockdown. We can expect similar level of growth to happen in a stabilized manner through the coming years. If that happens we can have a legalized usage/trading of cryptocurrencies.

    Now too we can see people trading and using bitcoin on almost every country of the world unlike the ban and other kind of restrictions.

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    August 12, 2021, 05:29:51 PM
     #86
    talking specifically about my country, i think that by 2025 in my country we still won't have many people using bitcoin, we still won't have bitcoin laws, we still won't have official exchange for buying and selling bitcoin in my country... this is because it currently exists little political will for young people in my country to be following and proposing laws, politicians who are mostly very old man only pass laws that are beneficial to them, unfortunately this is the drama in my country that will not change any time soon. maybe change in 10 years

    Quote from: romero121 on August 12, 2021, 04:21:56 PM
    Now too we can see people trading and using bitcoin on almost every country of the world unlike the ban and other kind of restrictions.

    True, but there are still no bitcoin laws in many countries which makes banks in those countries not know how to deal with bitcoin and exchanges
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  • sherenikaw
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    August 12, 2021, 11:35:00 PM
     #87
    The development of bitcoin at this time is getting better but there are some countries that cannot accept btc. Of course it will hinder trading in all countries because each country has its own policy to accept or prohibit btc. Personally I can't say for sure in what year and when bitcoin will be able to be traded in all countries because it is not easy for a country to accept bitcoin especially if that country already has strict policies. But we don't know, everything can happen anytime but maybe not in the near future. So it would be better if we now focus on our respective goals to get the expected results.
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