Topic: Maybe governments can stop bitcoin after all - page 11. (Read 11342 times)
Well, I think how many people are helped with bitcoin especially for those who have lost their jobs or unemployed people, they are helped by having bitcoin to meet all their financial needs, and many positive things that bitcoin produces, of course it would be very harmful if the government forbids bitcoin, if the government prohibits the bitcoin it will affect people who hold their bitcoin, they will lose the source of income they have been living, it will certainly have an impact on the increase of unemployment in the country
If they want they cannot ban the Bitcoin now because Bitcoin is technology based currency and many people are supporting the Bitcoin for better results.
Right now for governments, it is not possible to ban the Bitcoin because without governments involvement the value is kept increasing in the market.
Yes, no one can stop bitcoin. Government can try, but they are always fail. Their inability to control bitcoin networks scares the heck of them, so they make terrifies regulators. The underlying records of the transactions are copied all over the internet. Some government try to make bitcoin price fall but we saw this almost immidiatelly rally back to new highs. Right now for governments, it is not possible to ban the Bitcoin because without governments involvement the value is kept increasing in the market.
I agree with you that this is not just a simple issue to think of. we all know that government have the capacity to have it stopped espcially when they have it banned in their countries. i don’t think it’s right to have bitcoin marked as illegal for there is nothing illegal with it but it gives more jobless people a chance to earn money.
Examining this issue critically, I doubt if it is possible for the government to kill bitcoin..
Bitcoin has helped to improve the economy of some countries, why then would the government ban something that has been of benefit to it.
Besides, bitcoin has grown too popular among the people for it to be killed by the government.
That's right. It would be a lousy decision be made by the government ever. But I believe that not all countries are just like China, greedy individuals are not good in the country inside as it contribute nothing improvement in the our economy. Bitcoin has helped to improve the economy of some countries, why then would the government ban something that has been of benefit to it.
Besides, bitcoin has grown too popular among the people for it to be killed by the government.
This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
Yeah I agree. If all countries in the world prohibits the use of Bitcoin then there would be a massive dump will happen because investors, bag holders and traders has to become worried about the price to like crash. Another issue is the creation of own crypto by governments in a specific country and I think they only allow that specific crypto or it is the only legal crypto to be used so from that point of view I think it is so hard for us to fight central banking because they are in control of everything legal in the society. That is why it is better to have both centralized and decentralized assets for a safer way to live in this complicated world. 
Examining this issue critically, I doubt if it is possible for the government to kill bitcoin..
Bitcoin has helped to improve the economy of some countries, why then would the government ban something that has been of benefit to it.
Besides, bitcoin has grown too popular among the people for it to be killed by the government.
Bitcoin has helped to improve the economy of some countries, why then would the government ban something that has been of benefit to it.
Besides, bitcoin has grown too popular among the people for it to be killed by the government.
I think no one can control and manage bitcoin, so even the government shall enact laws prohibiting bitcon it doesn't mean bitcoin will eligal maybe the government shall limit the use of bitcoin in their particular country but not to stop it.
No, that's not gonna be happen. We all know that government was categorize in centralization system while Bitcoin was categorize in decentralization were obviously the government can't able to control bitcoin because of this wonderful and great features of bitcoin.
In my own point of view.the governments cant really stop bitcoin after all because bitcoin really help alot of people financially.specially too those unemployed people,they woek fulltime in bitcoin as their only source of income and also to people lime me that has a work but the salary is too small thats the reason i do bitcoin here in this site in order for me to be able to have another source of income and also i hear alot of positive feedback with because you can earn alot here if you exert effort and tims and get rich as well.
They might stop bitcoin, but not the whole cryptocurrency market. For every blockchain they make illegal, 10 more will appear in response. And if bitcoin gets dumped, it will only transfert the marketcap on other cryptocurrencies. I'd actually like it if bitcoin dissapears, it'll only make more room for others 
and it's be possible for a lot of people to get rich. Better distribution of wealth, imo.
In the end, Bitcoin is not so anonymous anymore, governments can track bitcoins using only the blockchain. A bitcoin ban would only worsen their ability to track down theses transactions
and it's be possible for a lot of people to get rich. Better distribution of wealth, imo.
In the end, Bitcoin is not so anonymous anymore, governments can track bitcoins using only the blockchain. A bitcoin ban would only worsen their ability to track down theses transactions
No, that's not gonna be happen. We all know that government was categorize in centralization system while Bitcoin was categorize in decentralization were obviously the government can't able to control bitcoin because of this wonderful and great features of bitcoin.
In my own point of view.the governments cant really stop bitcoin after all because bitcoin really help alot of people financially.specially too those unemployed people,they woek fulltime in bitcoin as their only source of income and also to people lime me that has a work but the salary is too small thats the reason i do bitcoin here in this site in order for me to be able to have another source of income and also i hear alot of positive feedback with because you can earn alot here if you exert effort and tims and get rich as well.
Governments probably cannot shutit down through "technical" means.
They can be whatever they want,but cant enforce it.Any government can declare cryptocurrency illegal but it will have no affect since they cannot control it due to the decentralized nature.
They can be whatever they want,but cant enforce it.Any government can declare cryptocurrency illegal but it will have no affect since they cannot control it due to the decentralized nature.
In Japan and Korea bitcoin is officially recognized, other countries planning to do their own cryptocurrencies. So, even some countries will ban bitcoin it will not have huge influence. Price does not matter at all, bitcoin became bitcoin only because of it unique properties. If you are considering bitcoins success through it price you are wrong. Market is very thin and it is relatively easy to dump or pump. What matters - decentralized properties, independence, security, immutability.
This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
The dump is caused by speculators and weak hands, no one that know anything about bitcoin will see a relationship between icos being banned and bitcoin, most of the icos are ETH tokens and have no relationship with bitcoin, now bitcoin is trading at the same levels as before which show to us this was nothing but a speculative dump if it was a real one the price will go down and stay down for months or years.No, that's not gonna be happen. We all know that government was categorize in centralization system while Bitcoin was categorize in decentralization were obviously the government can't able to control bitcoin because of this wonderful and great features of bitcoin.
In my own point of view.the governments cant really stop bitcoin after all because bitcoin really help alot of people financially.specially too those unemployed people,they woek fulltime in bitcoin as their only source of income and also to people lime me that has a work but the salary is too small thats the reason i do bitcoin here in this site in order for me to be able to have another source of income and also i hear alot of positive feedback with because you can earn alot here if you exert effort and tims and get rich as well.
This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
The dump is caused by speculators and weak hands, no one that know anything about bitcoin will see a relationship between icos being banned and bitcoin, most of the icos are ETH tokens and have no relationship with bitcoin, now bitcoin is trading at the same levels as before which show to us this was nothing but a speculative dump if it was a real one the price will go down and stay down for months or years.
If the government ban bitcoin there is a chance that in one country they can not use bitcoin so it will stop. Hope this can not happen to my country .
There is a lot of maybes about this topic, but if governments in one country ban bitcoin people will still be able to use bitcoins just that will be illegal, its not the first illegal activity. Governments can't stop bitcoin, cause some governments already legalized bitcoins and I think that other countries will do the same. Others will create strict laws and try to ban bitcoin but that will be just handful of countries, and they will do more harm to their economy with such actions. Future is not waiting anyone, I live in country that is far behind and I feel it on my skin. Countries that adopt crypto currencies will enter the future faster then other countries.
may be but the long term , some governments will win which support blockchain technology. they have to be involve this technology otherwise, it will be late for them.
Yes the government is getting more famous and the value is increasing more and more, the government is making the whole world be high and the value of the bitcoin will be more than this, the bitcoin is being god at all the case so be the bitcoin user and the value of the bitcoin will remain the same so be the bitcoin user to get the bitcoin powerful.
If the government ban bitcoin there is a chance that in one country they can not use bitcoin so it will stop. Hope this can not happen to my country .
This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
Maybe they can but only his countries do not support Bitcoin. The government only forbids the citizens to use Bitcoin and does not fully have control Bitcoin. After china banning ICOs and his local exchange the price is dropped but a few days later it's recovered it mean Government do not have fully control of Bitcoin.If they want they cannot ban the Bitcoin now because Bitcoin is technology based currency and many people are supporting the Bitcoin for better results.
Right now for governments, it is not possible to ban the Bitcoin because without governments involvement the value is kept increasing in the market.
Yes, no one can stop bitcoin. Government can try, but they are always fail. Their inability to control bitcoin networks scares the heck of them, so they make terrifies regulators. The underlying records of the transactions are copied all over the internet. Some government try to make bitcoin price fall but we saw this almost immidiatelly rally back to new highs. Right now for governments, it is not possible to ban the Bitcoin because without governments involvement the value is kept increasing in the market.
Jump to: