Post
Topic
Board Bitcoin Discussion
Re: Its time to go in crypto lets leave fiat cutrency
by
24Kt
on 16/03/2022, 23:27:58 UTC
Im ready lets go but also assets prices need to reset and then again slowly to gain value of prices.
How can it be?

Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.
Personally, you may be ready, but how is your environment? What is your country's regulation? Will they legalize it or have they legalized crypto as legal tender or payment or currency? If not, this is something that we are dreaming of only to full in crypto, fiat will be still there around us.
SO far, crypto still faces the big problem, that is regulation about crypto itself fin every country that is different each other. Some are only legalizing crypto as commodity assets, limited for investing and trading. On some other countries, crypto is legal tender so that this may be fully condcuted, but only few countries that really have this. The worst thing is on the countries in which they ban crypto or still don't legalize crypto, this will be impossible to do right now.

It is indeed dependent on how your government is doing business with crypto. Let us say, you have crypto but can you pay the merchants, shops or supermarkets around your area with crypto? I don't think that would be the case in most crypto users. Because up until now, not many merchants are accepting crypto as payment method, mostly they are accepting your local fiat. So this is hard, because if you can't pay crypto, you still need to convert your crypto to your local fiat in order to use it.