Is it possibleTrump Will Prohibit Bitcoin? - page 2.

Stedsm

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Quote from: 7788bitcoin on August 17, 2020, 12:54:31 PM

There is no way US will prohibit bitcoin as there are billions invested in it and there are companies invested heavily in the cryptocurrency space and they would not disrupt that, but they might implement strict restrictions to raise capital as there are many scammers in the space and if you are able to restrict that it will be a great help for the community.

I believe that if a decision has been made in his mind (or in other words, Trump has already made up his mind), there's nothing that could stop him from doing that or maybe he's just keeping it on his tongue to fear their people over there in order to stop BTC from rising? Anything could be the reason but why is he speaking against BTC suddenly? Just think. They can't impose restrictions which is why they are planning to remove the crypto economy itself out of the country. And billions? Who, Trump invested them? No, right? He doesn't give a damn about those billions considering he doesn't even give a fcuk on how their economy is getting drained down under the effect of the rise of their national debt they are facing.

carter34

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As for now (I mean, half a year ahead) I feel like Bitcoin is the least of Trump's concernes. Which doesn't mean he'll leave this issue alone if he comes back for a second term

I don't even think it is not his issue just because he is looking at an election, he has also been focused in other businesses even globally like having interest in Japan and China. I just think bitcoin isn't no body's business and it will be difficult to be discouraged because it is decentralized. China has tried in 2017 but no major success on that and they are coming back.

Pamadar

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Quote from: DabsPoorVersion on August 17, 2020, 03:49:45 PM

Trump will prohibit bitcoin?

I don't think so, he could have done it already if he really wanted to. Trump focuses more on other problems that their country is facing right now because he doesn't take any actions since his last statement concerning bitcoin. And if somehow he prohibits bitcoin, I think he will just implement some rules to avoid any problems with the investors coming from their country.

He have lots of things to think before caring about bitcoin, with lots of problems around his jurisdictions for sure he will settled it
first before taking any actions, besides, he also a businessman himself.
There are influenced from the business sectors who might be favoring now this industry. But whatever might be he's going to
make any decisions according to what he understood the reports coming from his advisers regarding to this currency.

DabsPoorVersion

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Trump will prohibit bitcoin?

I don't think so, he could have done it already if he really wanted to. Trump focuses more on other problems that their country is facing right now because he doesn't take any actions since his last statement concerning bitcoin. And if somehow he prohibits bitcoin, I think he will just implement some rules to avoid any problems with the investors coming from their country.

7788bitcoin

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Quote from: Stedsm on August 17, 2020, 12:42:46 PM

Prohibition? Is it really possible in the case of Bitcoins?
You know we've got VPNs, free emulators, privacy maintaining softwares and whatnot. And one more thing, Bitcoin ain't no tobacco man, so that they would just put a ban on it because it certainly is out of their reach. And even if they do, people know how to bypass various blocks in order to work with BTC the way they used to be (take an example, porn sites were banned here in India but did we stop watching porn?) Tongue

There is no way US will prohibit bitcoin as there are billions invested in it and there are companies invested heavily in the cryptocurrency space and they would not disrupt that, but they might implement strict restrictions to raise capital as there are many scammers in the space and if you are able to restrict that it will be a great help for the community.

Why the government banned porn sites, it is against the freedom and hope the VPN and proxy services are taking care of that Cheesy

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Yatsan

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If he really insist to prohibit or ban Bitcoin from the statements he have said before, then he must have done it beforehand. But we have seen no actions done by his government against Bitcoin so we can assume that the possibility of prohibiting Bitcoin will be just staying on his tongue or simply just through his words. The main reason why politicians or the government rather is against Bitcoin and the whole cryptocurrency is because they always got into the wrong idea or misconception of what is beyond Bitcoin really is. What they are just seeing is the negative things associated on using Bitcoin which is totally done by the people using it and not Bitcoin itself.

Also, it might be impossible for that thing to happen right now for there are lots of more important things he needed to attend to rather than focusing on banning Bitcoin which serves as an alternative job and source of income by many at this time of crisis. If he is fairly smart and thinks the goodness of his people, he would just let it and understand it first for what he might do can affect his people once he continue prohibiting Bitcoin in US.

Stedsm

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Prohibition? Is it really possible in the case of Bitcoins?
You know we've got VPNs, free emulators, privacy maintaining softwares and whatnot. And one more thing, Bitcoin ain't no tobacco man, so that they would just put a ban on it because it certainly is out of their reach. And even if they do, people know how to bypass various blocks in order to work with BTC the way they used to be (take an example, porn sites were banned here in India but did we stop watching porn?) Tongue

P.S.: For those who think BTC can help grow any country's economy, please think again and my two cents for you. Literally? You think BTC is too big atm? I believe that BTC can change some people's lives (which means a part of the whole country may be benefitted) but the country itself can't rely on BTC solely for its economic growth.

SoulMortal

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He will try to ban it. He can do anything he wants but will this affect bitcoin? I guess no.

maye5104

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If Trump wanted it, he would ban Bitcoin. Would it change things a lot? No.

dimastegar

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At least we know that Trump doesn't really like Bitcoin. So let it happen. The important thing is that we do not have a narrow view of Bitcoin and cryptocurrency itself. Without us knowing it and that happens, Bitcoin users continue to grow even though some countries prohibit Bitcoin transactions. Bitcoin will be a good trend in the future.

RondoAnyar

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Quote from: Harlot on June 22, 2020, 04:01:19 PM

Looking at the latest article made by Forbes you will see that they have created an angle towards a conspiracy that China is indeed controlling Bitcoin which we all know is not true anymore ever since China didn't show any kind of support for the crypto mining industry in there country. So with this news it feels like they are just creating a reason to have a legal framework to either boost the crypto presence in the United States or outright ban it because of it's relation with China.

maybe this is trump's controversial statement where trump may indirectly attack China. because we know that the politics of the two countries are always competing. but maybe this is not purely about Chinese relations, or maybe trump has its own reasons for banning bitcoin in the US

online73

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Hello to all. I don't believe Trump will ban Bitcoin. He is a fairly smart person, and besides being the president, he is also a previously successful business man. I think there will be people in the Trump administration who will explain that you can make good money on Bitcoin and there will be more benefits from cryptocurrency if it is legalized than prohibited.

Latviand

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What will happen in the future, we dont know certainly. Discuss about possibilities, anything can happen. Trump will prohibit bitcoin maybe it can be real but for now i dont think so. We know every countries in this world have been busy and focus on pandemic. Trump's too, he's so busy to think and work for make policies to face the pandemic , after this pandemic has ended and the world have been recovered. The possibility could happen

Possibly yes, we all know that Trump hates everything. Maybe he is not that knowledgeable about bitcoin and the possibility of prohibiting bitcoin in their country is really huge. That's right that some countries have their own focus right now, the US government is really focusing on its stock market that is going down due to this pandemic.

Hopefully, Trump should not prohibit and continue the banning of crypto but instead focus on how they will make their economy grow.

The US government should seek more information and be knowledgeable about the manipulation of cryptocurrency especially bitcoin in their economy. It is not that hard to use bitcoin in helping the economy grow but there are already huge volume of bitcoin users who are now accessing in the market.

Lanatsa

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Quote from: Agios on June 22, 2020, 12:18:28 PM

President Trump's attitude, which tends to be anti-Bitcoin, has raised the discourse that he could forbid the ownership of Bitcoin for citizens of the United States (US) in the future.

This discourse is based on two possibilities, namely Trump's tweet in 2019, that Trump is not a Bitcoin lover and second is a recognition of Trump's similar attitude, as stated in the book by John Bolton, a former White House security adviser.

Responding to the discourse of a possible ban on Bitcoin ownership, many people say the most likely action is an aggressive step by the government in dealing with laundering crimes related to Bitcoin and other crypto assets. Direct banning seems impossible, because Bitcoin is practically outside the structure of the country.

You got it right!

They can ban all they want but getting rid of it would really be an impossible thing yet supporters would still able to make or do engage
without being traced nor being detected.

The problem here is that they might not able to make fiat transactions but there are indeed lots of ways to do that.

Therefore, this wont really be that much a big issue.

Twinkledoe

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Quote from: Kelvinid on June 27, 2020, 06:23:21 PM

We can't see how the US government being anti-crypto at this time but for sure Trump will take a look into this after the pandemic is over.
He once pronounces this thing but then, I was hoping he could change his mind knowing the new normal situation will likely remain even the crisis is over and that also their people have learned already about Bitcoin and its purpose. If He'll keep thinking about the benefits of his people and not the interest of his own will he might let it go and accept it.

Things can be changed in a matter of time and this negative insight that Trump has before will be changed also.

I don't think he will prohibit the use of bitcoin in the near future. As other countries are legalizing the use of it, why would he ban this? Better proceed with appropriate regulation rather than prohibiting it because there are many options how to go around the government when you talk about crypto. It is not on their advantage if he will do such action. And I guess, he is smarter assessing this kind of situation.

Kelvinid

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We can't see how the US government being anti-crypto at this time but for sure Trump will take a look into this after the pandemic is over.
He once pronounces this thing but then, I was hoping he could change his mind knowing the new normal situation will likely remain even the crisis is over and that also their people have learned already about Bitcoin and its purpose. If He'll keep thinking about the benefits of his people and not the interest of his own will he might let it go and accept it.

Things can be changed in a matter of time and this negative insight that Trump has before will be changed also.

Oasisman

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Quote from: snipie on June 26, 2020, 05:59:27 PM

That guy simply doesn't care about anything (except his ego and money) that isn't related to his re-election. If banning bitcoin will help his campaign he will do it in a matter of seconds, otherwise he doesn't care.

Exactly! America has of one of the higher number of Bitcoin users, If not the highest, and prohibiting any Bitcoin related transactions won't help him If he planned to re -run on the November election.
Not to mention, It's too late for him to put restrictions on Bitcoin, because the country has already been established in terms of adoption, usage, and technological enhancement. If this guy planned to get rid of Bitcoin, he should've done it long time ago.

Quote from: Agios on June 22, 2020, 12:18:28 PM

Responding to the discourse of a possible ban on Bitcoin ownership, many people say the most likely action is an aggressive step by the government in dealing with laundering crimes related to Bitcoin and other crypto assets.

Lastly, money laundering doesn't only happen in Bitcoin, but was done a long time ago before Bitcoin exist.
Not a good excuse.

bitbunnny

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Quote from: snipie on June 26, 2020, 05:59:27 PM

That guy simply doesn't care about anything (except his ego and money) that isn't related to his re-election. If banning bitcoin will help his campaign he will do it in a matter of seconds, otherwise he doesn't care.

I don't think that Bitcoin is in his focus or that he is planin to ban it.
You are right.that he only cares about himself and how to be re-elected and I don't think that Bitcoin can help him in that. Americans are not so focused on Bitcoin or cryptocurrencies in general and he can't blaim Bitcoin for the problems America has. Ban will not bring him advantage of any kind so I don't think he will do it although I beleive he is capable of really everything.

rexxarofmoknathal

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Quote from: Bitcoin_bullish on June 27, 2020, 12:53:36 PM

Banning an asset might make its price more valuable. I'm certain that the US government understands that they can't stop Bitcoin as it is not a central server they can take down, and I'm also sure that they understand that banning it will cause a negative reaction. Bitcoin has done nothing to hurt the collapsing dollar. It is there just in case everyone fucks up. It doesn't affect the dollar or the US economy. It will be the ship that everyone will jump to save themselves. This might take 10-20 more years, still, the fundamentals are that the dollar is collapsing on its own, without someone fighting it.

It is not Bitcoin the enemy of the dollar or the US economy. Bitcoin is a vehicle to help the population when they abandon their failing fiat experiment.

In a way I see what you mean and also agree that even if trump wanted to ban Bitcoin, the asset is so valuable that I think many people won't be bystanders but instead will embrace cryptocurrency.

Leaving it at that then the the argument flips upside down where even Trump might come to see that banning it running away from the issues regarding regulations and that would not be acceptable for the people of America as this act would put them at a disadvantage over the people where crypto and BTC is regulated and allowed.

Bitcoin_bullish

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Banning an asset might make its price more valuable. I'm certain that the US government understands that they can't stop Bitcoin as it is not a central server they can take down, and I'm also sure that they understand that banning it will cause a negative reaction. Bitcoin has done nothing to hurt the collapsing dollar. It is there just in case everyone fucks up. It doesn't affect the dollar or the US economy. It will be the ship that everyone will jump to save themselves. This might take 10-20 more years, still, the fundamentals are that the dollar is collapsing on its own, without someone fighting it.

It is not Bitcoin the enemy of the dollar or the US economy. Bitcoin is a vehicle to help the population when they abandon their failing fiat experiment.

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