Quote from: BitcoinPanther on October 04, 2018, 06:07:06 PM

Quote from: gabmen on October 04, 2018, 05:58:01 PM

Quote from: pawanjain on October 04, 2018, 02:34:03 PM

Quote from: AAKODI on September 18, 2018, 02:49:07 AM

We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?

You can State what do you think because your bitcoin investment depends on that

Bitcoin was meant to be decentralized and as long as it stays decentralized it will survive. It will go a long way because the internet will never stop and hence the bitcoin network will keep functioning. As for the adoption of BTC, it depends on governments whether they accept it or not. Even if they don't, people like me and you will continue to use it. So, as long as there are people like us in the crypto community bitcoin will survive.

Well it think it won't be as easy as that. You and me are probably living in a country that has a lenient or supportive stand about bitcoin but we can imagine how people from countries that ban bitcoin will do. Bitcoin will need support and acceptance from governments so it can grow. A couple of regulations to make it safer for users won't hurt.

Agreed, the process will entail a lot of difficulties should bitcoin remain to exist with no legal acceptance.

Though ideally, bitcoin was supposed to operate without any government nor legal acceptance, at the rate things are going right now (with many investors both individual and institutional taking interest), a government backing will surely not hurt provided that bitcoin's primal design remains the same.

Even without legal acceptance, Bitcoin will still continue to grow and it doesn't matter if governments accept it or not because this technology is decentralized and no one has the power to control it either a central bank nor a government. (but whales can control and manipulate its price/value Grin

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Bitcoin is running smoothly for almost a decade now and there's no problem if some countries ban it or accept it Bitcoin will still manage to survive because of its unique feature that was designed by none other than the legendary "Satoshi Nakamoto" the who is behind this monetary revolution that gives freedom to everyone that uses it. Cool