Topic: High possibility major governments will BAN Bitcoin in the near future - page 4. (Read 1021 times)
January 27, 2021, 10:34:02 PM
@A62662 I call that bet too. Any amount.
January 27, 2021, 07:52:01 PM
I don't think it's gonna happen. At best, the government will inpose tax on bitcoin, which will force the holders to sell, instead of labelling it as crime. 
January 27, 2021, 07:42:11 PM
For big countries, Bitcoin does have the risk of affecting their national currencies and financial markets, but Bitcoin is also a means for people in small countries to protect their assets. If something you predict does happen, the price of Bitcoin may fall. , But it won’t fall much.
January 27, 2021, 06:59:34 PM
They can ban all they want but the fact the stopping or getting rid of it completely wont really be happening thats why some of them do accept it rather than on banning it.
It wont really change a thing because majority of them will be seeing bitcoin as a threat and some of them will be seeing it as a good alternative or add up.
We had already seen circumstances on countries do try to ban it but on what effect? It doesnt change a thing because demand is still consistent and able to
survive for a decade already in spite of those lots of issues that had been thrown out.
It wont really change a thing because majority of them will be seeing bitcoin as a threat and some of them will be seeing it as a good alternative or add up.
We had already seen circumstances on countries do try to ban it but on what effect? It doesnt change a thing because demand is still consistent and able to
survive for a decade already in spite of those lots of issues that had been thrown out.
January 27, 2021, 06:44:30 PM
The price of Bitcoin would get killed completely, you would be looking at Bitcoin below $1000.
killed completly but have a value of 1k ? but we always look forward for that moment or when btc hit 1k , not because we believe on what you are saying or we hate btc and wish btc to die but we love to take advantage of what btc has to offer . governments or countries creating their own cryptos already happened before , where you at that time ? but look at btc now , btc is unaffected and growing healthy .
January 27, 2021, 06:36:25 PM
You are spreading FUDs as you have no strong reasons. Also, I don't know why you trump up this topic without any data or valid sources to support your reasons. Anyway, I don't really understand the main point of this topic. If you are talking about the policy of the USA, China, or other big countries in the world, it is always the same that they will fight financial crimes. But the financial crime doesn't specifically come from Bitcoin, instead Bitcoin brings new hope for an income source during the corona crisis. So, how can the governments around the world ban Bitcoin if it is needed by all people?
January 27, 2021, 06:09:36 PM
Banning will be a shot on their foot, this will be like drugs, cutting off the supply will not be enough but instead will in turn increase the prices overtime. People have a history of resisting oppressive authority, banning bitcoin with the narrative that it does not help with the interest of the state will only spark a problem that does not need to exist in the first place, bitcoin never hurt anybody it's the people that does, don't shoot the messenger as they said. Banning will only make the prices higher and make more people flock to it, introducing the same concept will not work because shitcoins have existed.
No, Bitcoin isn't like heroin, cocaine or speed. If banned price would go down to almost nothing, probably in the hundreds of dollars, not in the thousand's like today. People would not flock to it, they would in fact avoid it.
Yet another noob know it all. You must have some special inside knowledge to know these things. I don't care if they ban it. There tons of other people that do as well. In fact, most users would ignore the ban and it would fall apart like the joke it is. Here we have "toll booths" where there shouldn't be. Legally you must pay but only like 2% of the people actually pay. My point is after a certain amount of people refuse to do what the government want there is not much they can do. I mean will they arrest us all? They know they need us.
January 27, 2021, 05:27:08 PM
The major governments of the world have for some time been laying the groundwork for their own national cryptocurrencies. Does that matter? Yes, it matters a lot. Bitcoin will be a direct competitor.
Why do they do this? To remain in financial control and to stop financial crime like whitewashing of funds from happening. Is it likely to happen? Yes, the US banned holding gold privately in the 1930's. So that the US government was to be a monopoly gold holder in the US.
There is a clear danger that the US, Europe, China, Japan and others will get togheter and flat out ban and even criminalize the usage and holding of Bitcoin. Resulting in after the ban, if you are cought using and holding BTC, you would get a huge fine or jail term.
The price of Bitcoin would get killed completely, you would be looking at Bitcoin below $1000.
How likely do YOU think this scenario is? Although you might say this is only speculation, IT IS A FACT that these countries are working on cryptocurrencies of their own.
I think this will happen but it is not going to be as easy as you think, politicians are for the most part controlled by people with a lot of money and we are now seeing that institutional investors are coming to the market of cryptocurrencies, if enough of them come then they will never allow for bitcoin to be banned, they will allow regulation since that benefits them but never a ban, a ban will only be over the table once an economic crisis comes that devastates fiat currencies, but once that happens people will choose to disobey the law anyway as the only other alternative is to lose all your wealth you have worked so hard to obtain for most of your life. Why do they do this? To remain in financial control and to stop financial crime like whitewashing of funds from happening. Is it likely to happen? Yes, the US banned holding gold privately in the 1930's. So that the US government was to be a monopoly gold holder in the US.
There is a clear danger that the US, Europe, China, Japan and others will get togheter and flat out ban and even criminalize the usage and holding of Bitcoin. Resulting in after the ban, if you are cought using and holding BTC, you would get a huge fine or jail term.
The price of Bitcoin would get killed completely, you would be looking at Bitcoin below $1000.
How likely do YOU think this scenario is? Although you might say this is only speculation, IT IS A FACT that these countries are working on cryptocurrencies of their own.
January 27, 2021, 04:56:57 PM
There is a clear danger that the US, Europe, China, Japan and others will get togheter and flat out ban and even criminalize the usage and holding of Bitcoin. Resulting in after the ban, if you are cought using and holding BTC, you would get a huge fine or jail term.
I have been hearing this since a long time. What is the source of your assumption that these countries will ban BTC?
There is no news that support your assumption. On the other hand some governments are planning to regulate cryptos.
January 27, 2021, 04:35:23 PM
Hello?
Is this microphone on?
I feel like we've got a bad connection. Perhaps you were unable to read what I wrote? Why hasn't this thread died yet? I think that the OP troll has already proven that he doesn't actually believe what he's saying. Why is everyone else continuing to play along with his nonsense?
Is this microphone on?
I feel like we've got a bad connection. Perhaps you were unable to read what I wrote? Why hasn't this thread died yet? I think that the OP troll has already proven that he doesn't actually believe what he's saying. Why is everyone else continuing to play along with his nonsense?
January 27, 2021, 09:37:51 AM
It will matter for the price. AND it will turn Bitcoin into an underground and little used tool. You can also say goodbye to 100% of any institutional and large buyers, killing the price in the process.
Sure, and I'm pretty certain that has always been a possibility since forever; heck, anyone who tried to think about Bitcoin's potential downsides as an investment could easily think of that. The question is, to what extent can a certain government "ban" it? Knowing that some institutional investors(that has a crap ton of lawyers, even from Blackrock alone), are already in, and are continuing to get in.
Yes, such a scenario has been always existing. Of course there's such a tendency in the world that lots of governments make different steps towards the tryings to regulate people's assets, especially crypto assets, to make them be in some rules and frames. And may be some day they will fulfill their ideas on some percentage, but ban Bitcoin totally it would be not so easy or not forever. As for BlackRock not so long ago they gave the go-ahead for two of its funds to invest in Bitcoin futures.
Would be hard to implement the total ban of bitcoin. Let us put it this way, even if the government will create their own crypto, once their constituents learn more about the advantages of dealing with bitcoin over their centralized coin, I believe, some of them will move on to bitcoin. Now, the government will just pave the way for these previously noncrypto users appreciate the benefits of bitcoin over centralized ones. So nope, not gonna see that bitcoin will be banned by the governments. They can't have the full control of its usage.
January 27, 2021, 09:36:01 AM
The major governments of the world have for some time been laying the groundwork for their own national cryptocurrencies. Does that matter? Yes, it matters a lot. Bitcoin will be a direct competitor.
No. The national crypto will be a digital version of their currencies. Not related to Bitcoin (they are centralized, Bitcoin is decentralized), no competition with Bitcoin.
The actual competitors, those who have to be scared of these moves should be major card companies, Visa and Mastercard, not Bitcoin.
January 27, 2021, 09:21:17 AM
I do not concern this as a important issue, although it can affect the adoption of bitcoin. Banning bitcoin can result as many people sell-off this asset. However, the majority of investors who have associated with bitcoin for many year will not leave bitcoin cause of their understanding that bitcoin is such a tool against the centralization created by the government. Mostly, no matter how the government try to trace back anyone using bitcoin, it is hard for them to figure out if ones know how to hide themselves in the decentralization
January 27, 2021, 08:40:47 AM
It will matter for the price. AND it will turn Bitcoin into an underground and little used tool. You can also say goodbye to 100% of any institutional and large buyers, killing the price in the process.
Sure, and I'm pretty certain that has always been a possibility since forever; heck, anyone who tried to think about Bitcoin's potential downsides as an investment could easily think of that. The question is, to what extent can a certain government "ban" it? Knowing that some institutional investors(that has a crap ton of lawyers, even from Blackrock alone), are already in, and are continuing to get in.
Yes, such a scenario has been always existing. Of course there's such a tendency in the world that lots of governments make different steps towards the tryings to regulate people's assets, especially crypto assets, to make them be in some rules and frames. And may be some day they will fulfill their ideas on some percentage, but ban Bitcoin totally it would be not so easy or not forever. As for BlackRock not so long ago they gave the go-ahead for two of its funds to invest in Bitcoin futures.
January 27, 2021, 08:35:39 AM
The major governments of the world have for some time been laying the groundwork for their own national cryptocurrencies. Does that matter? Yes, it matters a lot. Bitcoin will be a direct competitor.
How come?? A National digital currency and a decentralized cryptocurrency is Nowhere related! A National digital currency is is as good as cash in your pocket no matter what ever digital convenience it brings!
Why do they do this? To remain in financial control and to stop financial crime like whitewashing of funds from happening. Is it likely to happen? Yes, the US banned holding gold privately in the 1930's. So that the US government was to be a monopoly gold holder in the US.
Quote
There is a clear danger that the US, Europe, China, Japan and others will get togheter and flat out ban and even criminalize the usage and holding of Bitcoin. Resulting in after the ban, if you are cought using and holding BTC, you would get a huge fine or jail term.
The price of Bitcoin would get killed completely, you would be looking at Bitcoin below $1000.
How likely do YOU think this scenario is? Although you might say this is only speculation, IT IS A FACT that these countries are working on cryptocurrencies of their own.
The price of Bitcoin would get killed completely, you would be looking at Bitcoin below $1000.
How likely do YOU think this scenario is? Although you might say this is only speculation, IT IS A FACT that these countries are working on cryptocurrencies of their own.
There is a possibility that major governments may ban or criminalize the usage of cryptocurrency, especially bitcoin! However it is easier said than done! Cryptocurrency users can quickly move to privacy oriented coins if the need arises. So the enforcement agencies will have to find a needle in the haystack in the most literal sense.
January 27, 2021, 08:17:01 AM
I think some major governments are already done it, they can ban Bitcoin if they want but they can't kill it because it was decentralized. The Government of China through its Central Bank has already made a digital Yuan, But my question is how it will compete with BTC when the Digital Yuan is a Stablecoin, CBDC more likely a Stable coin for sure it will only use for payment, etc. unlike BTC it can be used as an investment because it was a store of value. that was my opinion about it.
Yes. Even if other countries create their own digital currencies, bitcoin has always an edge over them. Although it is clear that it's quite possible for a government to ban bitcoin, actually enforcing a ban would provide difficult- if not impossible- in many countries. The US could enact, tighter restrictions for buying and selling btc, but an outright ban would be impossible to enforce.The ban doesn't have to be a 100% successful, i'm sure they would be happy with 99.99%. And btw, if you face fines and jailtime, would you really use Bitcoin, would you?? If you really think about it, I dont think you would risk that.
January 27, 2021, 08:07:02 AM
Before paper currency, people use different method to trade but after become of paper currency so a mechanism was developed and paper currency was regulated. Now, Cryptocurrency is also a new and fast ay of trade without limitation beyond the borders. I think a mechanism can be developed to tackle it in a secure way. There is no chance of killing of bitcoin because of its hold. If we points at crime issue, so people are also doing crime with paper currency also.
The governments want's to do away with paper currency. Why, because they can fully track the coming government cryptocurrencies to fully have total social control over all of us, and what we do with our money. Thats why they will also ban Bitcoin.
January 27, 2021, 08:04:07 AM
I think some major governments are already done it, they can ban Bitcoin if they want but they can't kill it because it was decentralized. The Government of China through its Central Bank has already made a digital Yuan, But my question is how it will compete with BTC when the Digital Yuan is a Stablecoin, CBDC more likely a Stable coin for sure it will only use for payment, etc. unlike BTC it can be used as an investment because it was a store of value. that was my opinion about it.
January 27, 2021, 07:53:59 AM
Before paper currency, people use different method to trade but after become of paper currency so a mechanism was developed and paper currency was regulated. Now, Cryptocurrency is also a new and fast ay of trade without limitation beyond the borders. I think a mechanism can be developed to tackle it in a secure way. There is no chance of killing of bitcoin because of its hold. If we points at crime issue, so people are also doing crime with paper currency also.
January 27, 2021, 07:47:21 AM
Banning will be a shot on their foot, this will be like drugs, cutting off the supply will not be enough but instead will in turn increase the prices overtime. People have a history of resisting oppressive authority, banning bitcoin with the narrative that it does not help with the interest of the state will only spark a problem that does not need to exist in the first place, bitcoin never hurt anybody it's the people that does, don't shoot the messenger as they said. Banning will only make the prices higher and make more people flock to it, introducing the same concept will not work because shitcoins have existed.
No, Bitcoin isn't like heroin, cocaine or speed. If banned price would go down to almost nothing, probably in the hundreds of dollars, not in the thousand's like today. People would not flock to it, they would in fact avoid it.
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