Topic: Bitcoin future? - page 4. (Read 525 times)
According to my view, I think mining of BTC is very hard to do. because the miner should have fully performed utilities and lot of energies. But the Bitcoin's value is lower than usual now. And also a lot of coins on the crypto market getting lower now. But I thoroughly believe it will recover and will increase the price as soon. Thank you.
I think Bitcoin is a digital asset that has the value to make transactions. In my country the government does not prohibit possession of bitcoin but only prohibits to perform any transaction with this magic coin. And the government can not prohibit the circulation of digital assets as long as it does not violate the rules and does not conflict with the law. Because unconsciously bitcoin can help improve one's economy for the better.
Bitcoin is a decentralised networking system and so authority has control over the bitcoin network. The government or the central banking system cannot control the bitcoin system or stop the system. No controlling authority has power over bitcoins as it is a network to network online payment system which run through online protocols. Due to high demand for bitcoins and limited supply the price of bitcoins will definitely rise up, which will make bitcoins to be in the mainstream of financial services all over the world. When the price of bitcoins reach a pivotal point all the government's will be accepting this bitcoin and blockchain technology as it can improve the economic conditions of the world.
Government do not want us to use anything that will take away control from their hands and as we all know that Bitcoin based on a blockchain technology which relies on the principle of decentralization. Thus governments will try to restrict it but they can not ban it completely unless they ban the entire internet. On the other hand, they will also use the banking system to restrict Bitcoin to fiat and vice versa transactions. Still, I am optimistic about Bitcoin and I do see a good picture post 5 to 10 years from now.
How are governments going to STOP Bitcoin? As soon as they raided one house in one country to destroy some nodes, 10
other nodes will be fired up at another location to take it's place.
.... Most countries will not even worry to pursue these
people, because they know it is unstoppable. That is the nature of a decentralized network....
Will they try to slow it down,
by regulating it's use and placing high tax on it... for sure. Will Bitcoin go underground... Yes... and then they will lose ALL
control they thought they had.
other nodes will be fired up at another location to take it's place.
.... Most countries will not even worry to pursue thesepeople, because they know it is unstoppable. That is the nature of a decentralized network....
Will they try to slow it down,by regulating it's use and placing high tax on it... for sure. Will Bitcoin go underground... Yes... and then they will lose ALL
control they thought they had.
I think bitcoin in the future will be known and used as a common currency. And then, the face value of bitcoin is increasing. Bitcoin can rise to a level that we can not expect. With the trust of many people, bitcoin will become the number one money making tool in the cryptocurrency market.
Bitcoin was created to fight paper currencies that only benefit greedy people, now bitcoin has proved that paper money can be fought, and powerful people do not want Bitcoin to grow up and try to stop it, Bitcoin maybe it just takes time to grow in the future
What is your toughts with Bitcoin,
Can government stop bitcoin?
the difficulties of course there is one of them the government still prohibit transactions with bitcoin directly, to stop certainly can but need to think and process quite complicated Can government stop bitcoin?
Some countries have banned it but its not going to be dispersed from the world. It is just a beginning of new future of currrencies.
What is your toughts with Bitcoin,
Can government stop bitcoin?
Bitcoin is a future currency. It has a future. In today we show that it's prize is $6950.45 USD. I hope it's prize hit up $10000 in future. And government don't stop this. Can government stop bitcoin?
Governments cannot stop bitcoin now that I think about it, they will just regulate it and find an efficient way to tax bitcoin earnings and profits.
What is your toughts with Bitcoin,
Can government stop bitcoin?
Can government stop bitcoin?
It depends if all the governments in the world are make a strategy to stop bitcoin in every country it is possible but I don't think it will happen because we know that bitcoin is very useful to many people in the world and gives a big opportunity to have bright future.
What is your toughts with Bitcoin,
Can government stop bitcoin?
Can government stop bitcoin?
It can if the people allow it to happen.
If you don't yet know how it works I'll give you an example. A government goes against BTC and decides to blacklist all Internet sites that have something to do with it, ban exchanges, don't allow financial institutions to support cryptocurrency businesses. So there are no ATMs, you need to use VPN to access bitcointalk or download a wallet, can't start a company, can't exchange local fiat to crypto online. The only things you can do is trade for cash, use foreign currency for bank transfers and use foreign exchanges via VPN. So, it wouldn't be that bad, you could still use it trade it, but not in your country. But what if all your neighboring countries did the same, like the whole EU? You'd have to get a Japanese or Korean bank account and trade that currency for BTC... Most people would find it to be too much trouble and BTC would die.
Thankfully people can protest.
The future of bitcoin is very bright and government almost can not stop it. The coin is decentralized, meaning it can be exchanged, transacted from anywhere without being monitored.
There's a lot of talk about Bitcoin's future going on, especialy after the market price has surpassed the $10,000 mark. But as time passed by, people realize that Bitcoin is more about innovation than about profit. Switzerland, for instance, has became the Europe's leading Bitcoin community, and Malta has also expressed its plans to become a global Bitcoin hub. Apart from some market hiccups, the future of Bitcoin looks pretty promising.
This has been said over and again. Government can not stop crypto-currencies. The highest they can do is to regulate it and in my own view, this may be a great thing for cryptocurrency except that it might affect some purpose of cryptocurrencies. Government will have no choice but to embrace it.
Personally, i think that Bitcoin can still easily make it. Its value is lower than usual now but i am sure that it will recover and that it will increase again.
We just need to be patient. I am sure that by this summer, we will know whether Bitcoin will have a future or not.
We just need to be patient. I am sure that by this summer, we will know whether Bitcoin will have a future or not.
What is your toughts with Bitcoin,
Can government stop bitcoin?
Can government stop bitcoin?
Jump to: