Crypto Adoption spreading so fast!

[snowpega]

Aside from how is spreading across the countries those who did not understand it before are beginning to make out chance to have a glance of it, I can remember so many people who were very resentful about Bitcoin before are now saying that they regretted ever doubting it before with the saying of what the amount they could have achieved from those days till now would have been, so it has also grown popular that people who weren't certain about the security are now convinced about it.

Mate, It is way more difficult to educate one person or convince one person who does not have any knowledge about the crypto space. I remember the time when I jumped into crypto space; my own relatives, who did not believe in it and considered me a fool at that time, are now realizing that how much potential Bitcoin has in it. Now, this is the time where no one can neglect the power/potential.

A lot of countries are now accepting crypto space as a legal asset. Like Pakistan, America and El Salvador are among those countries that have declared crypto assets as legal tender, and these countries have also added crypto (Bitcoin) to their national reserves.

[Mr. Magkaisa]

Aside from how is spreading across the countries those who did not understand it before are beginning to make out chance to have a glance of it, I can remember so many people who were very resentful about Bitcoin before are now saying that they regretted ever doubting it before with the saying of what the amount they could have achieved from those days till now would have been, so it has also grown popular that people who weren't certain about the security are now convinced about it.

Mate, It is way more difficult to educate one person or convince one person who does not have any knowledge about the crypto space. I remember the time when I jumped into crypto space; my own relatives, who did not believe in it and considered me a fool at that time, are now realizing that how much potential Bitcoin has in it. Now, this is the time where no one can neglect the power/potential.

A lot of countries are now accepting crypto space as a legal asset. Like Pakistan, America and El Salvador are among those countries that have declared crypto assets as legal tender, and these countries have also added crypto (Bitcoin) to their national reserves.

         -     No doubt that at this time, more countries are at least recognizing the adoption of cryptocurrency or bitcoin via p2p features of exchanges or transactions.
Even here in our country, transactions in crypto or bitcoin are allowed to operate even though the majority of politicians here are busy with their own activities.

So it is likely that after a few more years, more countries will recognize and adopt bitcoin or cryptocurrency. Although in other countries,
it is not so easy for country officials to do that.

[bitterguy28]

A lot of countries are now accepting crypto space as a legal asset. Like Pakistan, America and El Salvador are among those countries that have declared crypto assets as legal tender, and these countries have also added crypto (Bitcoin) to their national reserves.

this is fake news unless you can give a source? because from what i have seen bitcoin is not considered a legal tender in usa and pakistan despite bitcoin or crypto being very popular in both countries

the only recent bitcoin news i found from pakistan is this Pakistan plans to allocate part of its surplus electricity to Bitcoin mining and AI data centres

bitcoin being legal in a country does not mean it is considered a legal tender in a country to define a legal tender: it’s a currency that is valid for payment within the country’s borders basically their national currency

[Stuart]

Bitcoin and crypto have started to become popular and many people already know about crypto, even though there are restrictions from the government of a country, bitcoin still survives and is followed by altcoins, so in my opinion it is useless to limit it, because technological advances make everything difficult to limit. Moreover, now many developed countries have started to legalize and accept crypto, so the government should also be able to accept crypto.

When there was ban on crypto by almost all countries (even the countries that has no idea about what crypto is), the citizens who knows about crypto were making use of it, either by investing, trading or stocking. Bitcoin made the people who knows about it free from governmental rules and regulations when it comes to financial freedom. The world is growing technologically, so should every country and the citizens of the countries as well. Any country that still place ban against Bitcoin/crypto currencies or is still against cryptocurrencies is just behind the scenes of an ongoing action movie which everyone is allowed to take part in the battle.

[snowpega]

this is fake news unless you can give a source? because from what i have seen bitcoin is not considered a legal tender in usa and pakistan despite bitcoin or crypto being very popular in both countries

the only recent bitcoin news i found from pakistan is this Pakistan plans to allocate part of its surplus electricity to Bitcoin mining and AI data centres

bitcoin being legal in a country does not mean it is considered a legal tender in a country to define a legal tender: it’s a currency that is valid for payment within the country’s borders basically their national currency

Sorry, mate, for the typing mistake. I wanted to write legal assets, and rather than that, I wrote legal tender. Well, besides that, Pakistan's current government is working very well for the crypto space and for the execution of cryptocurrency so that they can attract international investment and also for the ease of its nationals so that anyone can invest in this space with confidence. Pakistan to formalise cryptocurrency, roll out regulatory framework. Rest of that, as far as i know currently only El Salvador is using crypto as a legal tender as i have seen some videos on the X/Twitter where kids were paying their pizza bill using cryptocurrency.

Other than that, Pakistan has also appointed the Binance X-CEO CZ for a strategic advisor role. Here is the source to that information: Binance Founder Changpeng Zhao Joins Pakistan Crypto Council as Strategic Advisor

[Crypto Library]

so while its completely ban, they are not cracking down crypto users or exchanges ?  looks like a country that i wanted to live on. 

if they are adopting Bitcoin then good for them. we all have the right to make profits when the market shoot up and if Bangladeshi can make it to the ATH, i guess he can make a fortune while staking right now.

I don't really know what to call this because at one point I thought it was a weakness of our government agencies that they didn't have the ability to track down the public using crypto.
On the other hand, it seems that despite their ability, they play a flexible role in this regard even if the government completely bans crypto.
Because we can see that if there is an attempt to launder large amounts of funds, most of the time they are currently being caught by government agencies. It's amout the millions dollars things.

However, I am currently in a bit of a bad situation because the bank has already asked me to show the source of my money's earnings, but the source of my money's earnings is crypto. I have not given any information to the bank yet. Now I am worried about what information to give.

I'm sure if this happened to you, you wouldn't want to live in a country like this. 

[Blaze]

Bitcoin and crypto have started to become popular and many people already know about crypto, even though there are restrictions from the government of a country, bitcoin still survives and is followed by altcoins, so in my opinion it is useless to limit it, because technological advances make everything difficult to limit. Moreover, now many developed countries have started to legalize and accept crypto, so the government should also be able to accept crypto.

When there was ban on crypto by almost all countries (even the countries that has no idea about what crypto is), the citizens who knows about crypto were making use of it, either by investing, trading or stocking. Bitcoin made the people who knows about it free from governmental rules and regulations when it comes to financial freedom. The world is growing technologically, so should every country and the citizens of the countries as well. Any country that still place ban against Bitcoin/crypto currencies or is still against cryptocurrencies is just behind the scenes of an ongoing action movie which everyone is allowed to take part in the battle.

It is not unusual for there to be resistance when a technology that disrupts an industry first appears on the market. Cryptocurrencies are an innovation that disrupts the author’s established order. All the nations which do not accept cryptocurrencies are actually engaged in something that cannot be controlled with bans. The interested citizens will continue to engage themselves in increased participation because they are aware of the opportunities and freedom not seen in the previous system. Governments’ concern for having no control over the process, but the fact is technology will always be developing and the people will always be more prompt at implementing those changes. Bans only make a difference of time and in some cases, it highly contributes to the effect that people start using it in a concealed manner.

[milewilda]

A lot of countries are now accepting crypto space as a legal asset. Like Pakistan, America and El Salvador are among those countries that have declared crypto assets as legal tender, and these countries have also added crypto (Bitcoin) to their national reserves.

this is fake news unless you can give a source? because from what i have seen bitcoin is not considered a legal tender in usa and pakistan despite bitcoin or crypto being very popular in both countries

the only recent bitcoin news i found from pakistan is this Pakistan plans to allocate part of its surplus electricity to Bitcoin mining and AI data centres

bitcoin being legal in a country does not mean it is considered a legal tender in a country to define a legal tender: it’s a currency that is valid for payment within the country’s borders basically their national currency

Yes, the only place on which that make Bitcoin as legal tender is only El Salvador as of this moment, i dont know if there are new but basing up on the news then this is the only place on where it is that making up some that kind of legal tender thing but in speaking about being legal then there are several places now on which do consider out on Bitcoin or crypto as a whole but of course if we do speak about on the number of those who are still indecisive whether they should gonna ban it out or not then there's still tons of these places are still lying on the middle.
Crypto adoption is inevitable on which considering that awareness of its existence had become that evident or been shown in public then it do open up someones awareness on what it is very fast.

[gunhell16]

A lot of countries are now accepting crypto space as a legal asset. Like Pakistan, America and El Salvador are among those countries that have declared crypto assets as legal tender, and these countries have also added crypto (Bitcoin) to their national reserves.

this is fake news unless you can give a source? because from what i have seen bitcoin is not considered a legal tender in usa and pakistan despite bitcoin or crypto being very popular in both countries

the only recent bitcoin news i found from pakistan is this Pakistan plans to allocate part of its surplus electricity to Bitcoin mining and AI data centres

bitcoin being legal in a country does not mean it is considered a legal tender in a country to define a legal tender: it’s a currency that is valid for payment within the country’s borders basically their national currency

Yes, the only place on which that make Bitcoin as legal tender is only El Salvador as of this moment, i dont know if there are new but basing up on the news then this is the only place on where it is that making up some that kind of legal tender thing but in speaking about being legal then there are several places now on which do consider out on Bitcoin or crypto as a whole but of course if we do speak about on the number of those who are still indecisive whether they should gonna ban it out or not then there's still tons of these places are still lying on the middle.
Crypto adoption is inevitable on which considering that awareness of its existence had become that evident or been shown in public then it do open up someones awareness on what it is very fast.

As for Central Africa, I know that they also made Bitcoin legal tender in their country, after this I have no news of which country followed them. Then until now, the adoption of bitcoin and cryptocurrency continues to spread throughout the world.

That's why most people still ignore bitcoin or cryptocurrency because they think differently about it, instead of a good opportunity, they think it's bad because some exploiters are using bitcoin or cryptocurrency to cheat.

[0t3p0t]

The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick..

just today, I got to the news to see that an African Nation ‘Nigeria’ accepts crypto as a means of security for the first time..

I’m intrigued cuz it actually an affirmation to me that this might just be the next wealth creation momentum just building up..

for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?

Go for those coins that are already established and has huge support from the  community. Though it still depends on what type of investor you are either a long term or short. You can always check on forums and social media on what people are talking and make a research. Cryptocurrency adoption is inevitable in terms of adoption more countries will embrace on it in the near future not just Nigeria.

[Legion]

Yes, the only place on which that make Bitcoin as legal tender is only El Salvador as of this moment, i dont know if there are new but basing up on the news then this is the only place on where it is that making up some that kind of legal tender thing but in speaking about being legal then there are several places now on which do consider out on Bitcoin or crypto as a whole but of course if we do speak about on the number of those who are still indecisive whether they should gonna ban it out or not then there's still tons of these places are still lying on the middle.
Crypto adoption is inevitable on which considering that awareness of its existence had become that evident or been shown in public then it do open up someones awareness on what it is very fast.

That is why it does not strike me as peculiar that many countries are only moying about Bitcoin. Most of them were created on the basis of traditional finance where the top down approach is used, whereas crypto introduced something brand new here: freedom of operations regardless of their geographical location. But that is exactly which is so exciting it. I concur with this fact probably this because adoption is becoming a process that is almost beyond control due to increase in curiosity from the people. One might think that when a single person begins to explore and try different things, then makes it obvious and public, the inclusiveness is humbler than strict rules. When looking in the same direction. There is no need of waiting for all the different countries in the world to be on the same page. And in some cases, large movements can arise from one small action: to change one mode of behaviour and start another one.

[Asiska02]

The adoption of cryptocurrency and other digital assets across boarders is so alarming; like an earthquake…it’s happening so quick.

.

This is what we want actually and it is very important that all hands of government in all nations are on deck to facilitate and make this fast adoption possible. Nigeria making a move is a welcome development as it’s a big nation in the African continent that may pave way for others to also show interest in that brave move of theirs. Mass adoption is what we are actually clamouring for and with the rate at which all this stuffs are happening should be something of joy and courage to continue to believe in this technology as a sustainable asset for investment over a long time period as we wish to keep them.

for an early adopter, which assets do you think would be ok to start with? BTC, ETH, SUI, or DOGE?

All this coins are big names in the crypto space and have already been able to still remain sustainable over a long period of time despite the market volatile nature. I suppose how you list them here is the way you should give them priority of investment as an early adopter over the other.

[Alone055]

When there was ban on crypto by almost all countries (even the countries that has no idea about what crypto is), the citizens who knows about crypto were making use of it, either by investing, trading or stocking. Bitcoin made the people who knows about it free from governmental rules and regulations when it comes to financial freedom. The world is growing technologically, so should every country and the citizens of the countries as well. Any country that still place ban against Bitcoin/crypto currencies or is still against cryptocurrencies is just behind the scenes of an ongoing action movie which everyone is allowed to take part in the battle.

I don't remember every country banning cryptocurrencies, but I do remember that China and some other countries had imposed bans on the usage of cryptocurrencies in the past, and that affected the market as well. However, other than that, you are right. There are still countries that are completely against cryptocurrencies and the reason is simple and known to everyone. They don't want people to have financial freedom and that's why they don't allow them to use cryptocurrencies because they know that assets such as Bitcoin promote decentralization.

Governments and authorities that have central control over everything in countries would never want something to prevail if it's going to become a hurdle in their way of controlling their people either through centralized financial systems or other methods. That's why, they can't allow Bitcoin and other cryptocurrencies promoting decentralization to take over the financial sector.

[enwi]

Go for those coins that are already established and has huge support from the  community. Though it still depends on what type of investor you are either a long term or short. You can always check on forums and social media on what people are talking and make a research. Cryptocurrency adoption is inevitable in terms of adoption more countries will embrace on it in the near future not just Nigeria.

Indeed, the idea is correct because selecting an established coin with a large community will indeed make many investors feel safe, especially if they are going to invest in the long or short term. Often, a solid community is the biggest determining factor in the success of a coin since they are not only customers but also backers who join in promoting the project. With the enhancement of the global awareness, countries started to pay attention to the fact that crypto is now a force to be considered even beyond Nigeria. With adoption in progress, few high community coins will stand a better chance of survival and growth in the future.

[Stuart]

As for Central Africa, I know that they also made Bitcoin legal tender in their country, after this I have no news of which country followed them. Then until now, the adoption of bitcoin and cryptocurrency continues to spread throughout the world.

That's why most people still ignore bitcoin or cryptocurrency because they think differently about it, instead of a good opportunity, they think it's bad because some exploiters are using bitcoin or cryptocurrency to cheat.

Truly, some exploiter will use it as a means or advantage to carry out money theft if the government of such a country accepts it to be legal or uplift any ban placed on it. This money theft will start from within the circle of the governmental leaders, mostly in a country that has trouble fighting corruption when the corruption is so open and plain to everyone's eyes.

Whether the government of a country accepts the use of cryptocurrencies or not, people who will make use of it will still do so.