wilbur Posted February 23, 2019 #1 Posted February 23, 2019 This chart shows that bitcoin is completely legal to almost many of the countries so i personally believe that bitcoin will just pop out like a bubble that they have been describing. what do you think about this chart? the source of the pic: https://coin.dance/poli/legality
skillex Posted February 23, 2019 #2 Posted February 23, 2019 2 hours ago, wilbur said: This chart shows that bitcoin is completely legal to almost many of the countries so i personally believe that bitcoin will just pop out like a bubble that they have been describing. what do you think about this chart? the source of the pic: https://coin.dance/poli/legality Is it the red mark? If it is then somehow btc still has small percentage reputation or influence.Hope that this year will have more adoption.
wilbur Posted February 23, 2019 Author #3 Posted February 23, 2019 Green: Legal Light green:Alegal Orange: restricted Red:Illegal Gray: unknown Sorry i thought it can be seen. That is the legends
skillex Posted February 23, 2019 #4 Posted February 23, 2019 2 minutes ago, wilbur said: Green: Legal Light green:Alegal Orange: restricted Red:Illegal Gray: unknown Sorry i thought it can be seen. That is the legends Well I'm surprised to how fast btc did been approved and legalized by many countries already despite of some rejections by some countries being reported earlier. Is this up to date?
wilbur Posted February 23, 2019 Author #5 Posted February 23, 2019 7 minutes ago, skillex said: Well I'm surprised to how fast btc did been approved and legalized by many countries already despite of some rejections by some countries being reported earlier. Is this up to date? Yes sir . That is the latest update. Surely it is moving so fast. Notice that big orange on Asia part? Lol that is china
skillex Posted February 23, 2019 #6 Posted February 23, 2019 25 minutes ago, wilbur said: Yes sir . That is the latest update. Surely it is moving so fast. Notice that big orange on Asia part? Lol that is china Nice share. I figured also that Chinese government really don't give a damn about crypto.Maybe they are mostly influenced or being controlled by their central bank founder. As they said that crypto market is just like a hot potato for their central bank.
williamshennie9 Posted February 23, 2019 #7 Posted February 23, 2019 I would say the bubble has already popped. I mean I highly doubt BTC will ever go back to $20,000, or even $10,000.
skillex Posted February 23, 2019 #8 Posted February 23, 2019 3 minutes ago, williamshennie9 said: I would say the bubble has already popped. I mean I highly doubt BTC will ever go back to $20,000, or even $10,000. I somehow negate what you said. I don't believe btc is a mere bubble though for its been a primarily used payment system by almost any crypto and altcoins outhere. And in terms of bubble.You can only call and certain asset a bubble if it suddenly rise a significant rise and then go down in an instant also and will also lose value, but btc didn't lose its value, instead it seems like a price drop correction, it became stable and somehow loss a little of it's great volatility.
Kate Posted February 23, 2019 #9 Posted February 23, 2019 The red marl is where its illegal and grey one where it is not decided yet and green where it is illegal if anyone is wondering what colour tells what. There you go !
polor12 Posted February 23, 2019 #10 Posted February 23, 2019 I think my color scheme is really off. I see yellow,green,gray,and red..nevermind..is popped.. like the dude above me stated that btc wont see its glorious day when it hit 20k..
Zaynab Shah Posted February 23, 2019 #11 Posted February 23, 2019 This bubble that people have been talking about still has yet to pop. That is what they were saying about BTC price going up and down, saying it will settle once the "bubble" pops, but still no popping. Just more bubbles filled with questions that are popping up hahahah
wilbur Posted February 23, 2019 Author #12 Posted February 23, 2019 2 hours ago, Kate said: The red marl is where its illegal and grey one where it is not decided yet and green where it is illegal if anyone is wondering what colour tells what. There you go ! Green is legal lol 4 hours ago, williamshennie9 said: I would say the bubble has already popped. I mean I highly doubt BTC will ever go back to $20,000, or even $10,000. When they say popped means it disappears. So bitcoin never popped. Neverever
irawk0 Posted February 23, 2019 #13 Posted February 23, 2019 Wow thanks for the legality graph. I'd be very very interested to know why those countries in red actually banned bitcoins... I mean can you even ban something online lol, the only way is to ban internet altogether.
skillex Posted February 24, 2019 #14 Posted February 24, 2019 2 hours ago, irawk0 said: Wow thanks for the legality graph. I'd be very very interested to know why those countries in red actually banned bitcoins... I mean can you even ban something online lol, the only way is to ban internet altogether. Some countries didn't legalize the use of bitcoin or any crypto by this reasons: -Conceptual incoherence -Immutability -Wrong contract law -Inadequate remedies -Unease with ambiguity -Lexscapism -Open legal exposure/liability -Bot enforcement -Jurisdiction -Dehumanization & many more to mention Thats why those governments of countries banning it don't accept btc. Some Info's can be found here, https://medium.com/cryptolawreview/cryptos-big-legal-problems-63b760385fea
sheensheen Posted February 24, 2019 #15 Posted February 24, 2019 I think that red one is having afraid regarding btc,lol. They just got behind to the other country
wilbur Posted February 24, 2019 Author #16 Posted February 24, 2019 10 minutes ago, sheensheen said: I think that red one is having afraid regarding btc,lol. They just got behind to the other country Red means it is illegal to them doesnt mean theyre behind. Hehe government has its own reason for banning something.
sheensheen Posted February 24, 2019 #17 Posted February 24, 2019 I mean theres some featured in bitcoin that they are behind now. But I think they studied it already and the result is not making it legal.
jackkid Posted March 4, 2019 #18 Posted March 4, 2019 Bitcoin is not a bubble. I know there are some big companies and they already own a lot of Bitcoin. so they can make the price of Bitcoin rise and fall at their disposal
ginoso2019 Posted April 21, 2019 #19 Posted April 21, 2019 in my country (Italy) bitcoin is legal but a tax law for it is still missing
Kate Posted April 23, 2019 #20 Posted April 23, 2019 On 2/24/2019 at 5:43 AM, skillex said: Some countries didn't legalize the use of bitcoin or any crypto by this reasons: -Conceptual incoherence -Immutability -Wrong contract law -Inadequate remedies -Unease with ambiguity -Lexscapism -Open legal exposure/liability -Bot enforcement -Jurisdiction -Dehumanization & many more to mention Thats why those governments of countries banning it don't accept btc. Some Info's can be found here, https://medium.com/cryptolawreview/cryptos-big-legal-problems-63b760385fea Also another main reason why governments and countries mostly would want to make bitcoin illegal in the country is because governments can't find a way on how to tax them
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