The market is too volatile, moreover, if some countries start infusing from their native currencies into Bitcoin, others will take advantage of this and begin to put pressure on the foreign exchange market.
Topic: If the government supports bitcoin instead of the existing currency. - page 4. (Read 24974 times)
June 02, 2019, 01:26:21 PM
June 02, 2019, 12:07:47 PM
Well I do not think any government supports Bitcoin, because they always have economic advisers who do not trust the volatility of the bitcoin market, prefer safe stocks, such as gold, oil, diamonds, precious stones. So far the first country that has wanted to establish this technology has been in Venezuela, but it has not been possible, because everything is very badly done, and it is not with bitcoin but with a token that they launched.
June 02, 2019, 08:01:12 AM
It would be nice if the government support bitcoin, but we know the fact that it is impossible for now, bitcoin is not stable coin, prices changes time to time, as of present most transaction or payment required exact amount.
Bitcoin aims to be a means of payment, it's hard to say that the government accepts bitcoin. even, they will never support bitcoin compared to the currencies they currently manage. Above all, bitcoin and crypto are causing great pressure on government banks. This cannot happen.
June 02, 2019, 06:20:26 AM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
well i would say there will be chaos cause there is still many flaws that need to be fix but i do still think crypto will be our future but just not now. There is indeed a goverments that support bitcoin, its columbia and what i see is a corupt goverments that are trying to fix the inflation problem by using cryptocurreny and i think its not going really well. June 02, 2019, 06:10:58 AM
Most likely the government will not do it because the bitcoin system is decentralized so that the government has difficulty implementing controls.
June 01, 2019, 07:58:12 PM
It would be nice if the government support bitcoin, but we know the fact that it is impossible for now, bitcoin is not stable coin, prices changes time to time, as of present most transaction or payment required exact amount.
We will eventually see in the future that some countries are actually liking the usage of bitcoin because they dont have choice, for their people cant be stopped of using it. Some are already supporting it by not conducting any ban and prohibition on their state.
June 01, 2019, 07:38:56 PM
I think if government support bitcoin it will be manipulated by the government so people will be hard use bitcoin and will having a tax like centralized money. And I think it will never happen that they replace the currency they have, Bitcoin is not stable coin so it will be hard for everyone to use as currency.
June 01, 2019, 06:22:05 PM
It would be nice if the government support bitcoin, but we know the fact that it is impossible for now, bitcoin is not stable coin, prices changes time to time, as of present most transaction or payment required exact amount.
May 31, 2019, 11:13:23 PM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
this is just my imagination, the economy in the country will be chaotic If the government supports bitcoin instead of the existing currency, but it will be stable if the government in the area issues their own country cryptocurrency.Anyway, a high volatile currency isn't the solution for a troubled economy, they need a smart economical plan to stabilize their economy first.
May 31, 2019, 06:40:47 PM
This is the value of Bitcoin but not as stable as the original banknotes, with the current trend getting bigger above all else, it's possible the government supports bitcoin arguments where many souls are aided by bitcoin. do not put aside all things for the common good will happen.
all possibilities can happen but I also agree with you that the government will not hold the crypto currency completely, which I believe the government will adopt an economic system that is used by crypto currenciesBitcoin is a decentralized crypto currency and it will never be a currency or fiat of a country. The government might like bitcoin and legalize it in their country but I don't think it will ever be more than that. With the volatility of it, I don't think they will even consider bitcoin as an option. If they are considering cryto as an currency, I think they will create their own.
May 31, 2019, 05:58:30 PM
Indeed it seems very unlikely that the government supports the development of this bitcoin, but we are here suppose that if the government would support bitcoin as a currency, it would be very dangerous for the paper if it had lost support from the government, so this made people choose bitcoin transactions and leaving paper currency.
May 27, 2019, 10:46:16 PM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
this is just my imagination, the economy in the country will be chaotic If the government supports bitcoin instead of the existing currency, but it will be stable if the government in the area issues their own country cryptocurrency.
May 27, 2019, 02:43:44 PM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
this is just my imagination, the economy in the country will be chaotic If the government supports bitcoin instead of the existing currency, but it will be stable if the government in the area issues their own country cryptocurrency.
May 27, 2019, 02:19:04 PM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
this is just my imagination, the economy in the country will be chaotic If the government supports bitcoin instead of the existing currency, but it will be stable if the government in the area issues their own country cryptocurrency. May 26, 2019, 11:38:25 PM
There will definitely be a great transformation if such a wild wish come to pass yet the governments are of different opinions about crypto and how it works. Most of the governments are not in support of Bitcoin because it is decentralized which makes them lose the control they have over the financial transactions of the people. Crypto has made it far with or without the government's support and it is high time crypto enthusiasts began to deliver their best of support and ignored the government's promotion.
May 26, 2019, 10:24:49 PM
What happens is that FIAT money is money that is produced, that is, printed, in many nations it is printed so much that it produces many levels of inflation, then bitcoin has a deflationary economy, that is, it will never suffer from inflation , everything depends on supply-demand, on the law of effort -result that is proposed according to Wyckoff's theory.
Macro-control policy worldwide can be lost at any moment, there is always a possibility that there will be a massive fall of the world market and the world economy will collapse, this would remain in the hands of both gold and bitcoin investors.
Governments can not support bitcoin a lot, because bitcoin simply does not offer them security or any support, that is, they do not have liquidity, governments like banks will always tend to go for insurance, they will not have and will not make their finances remain in the hands of the high volatility of the market.
Macro-control policy worldwide can be lost at any moment, there is always a possibility that there will be a massive fall of the world market and the world economy will collapse, this would remain in the hands of both gold and bitcoin investors.
Governments can not support bitcoin a lot, because bitcoin simply does not offer them security or any support, that is, they do not have liquidity, governments like banks will always tend to go for insurance, they will not have and will not make their finances remain in the hands of the high volatility of the market.
May 24, 2019, 10:42:24 PM
This is the value of Bitcoin but not as stable as the original banknotes, with the current trend getting bigger above all else, it's possible the government supports bitcoin arguments where many souls are aided by bitcoin. do not put aside all things for the common good will happen.
all possibilities can happen but I also agree with you that the government will not hold the crypto currency completely, which I believe the government will adopt an economic system that is used by crypto currencies May 24, 2019, 07:59:05 PM
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
It is going to be very difficult for government to support bitcoin. The government may be wary of Bitcoin or the blockchain because they have no control of it. 
May 24, 2019, 05:00:46 PM
This is the value of Bitcoin but not as stable as the original banknotes, with the current trend getting bigger above all else, it's possible the government supports bitcoin arguments where many souls are aided by bitcoin. do not put aside all things for the common good will happen.
all possibilities can happen but I also agree with you that the government will not hold the crypto currency completely, which I believe the government will adopt an economic system that is used by crypto currencies 
May 22, 2019, 12:58:09 PM
I think it is hard for the government to dispose of its own currency. I think the best bitcoin achievement is as a payment facility besides fiat currency. on the other hand many governments only allow bitcoin as an investment asset that is included in the trading market
Bitcoin will probably will just be a store value just like what gold is. Without lightning network bitcoin will not be the best payment facility for online purchases. even on physical store,
Bitcoin is already declared as an assets in most countries that's why its already being taxed in some countries. But majority are still treating bitcoin as an illegal currency.
Jump to: