Topic: Maybe governments can stop bitcoin after all - page 25. (Read 11335 times)
I don't see how anything can stop bitcoin at this point. Big money is getting into it now and that same money is mixed up in governments. I see bitcoin being co-opted. Its too big at this point.
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.
I think that the government can really have the power to dictate what comes in and out of their borders and that is why the power of the masses come in. IF the government sees that their constituents have been following and are being affected positively then they can change their mind on this.
With a lot of well known personalities getting involved in ICOs, including Hollywood stars, the SEC's attention is going to be raised here. Something's gonna be done to regulate these activities to somehow minimize its effect on bitcoin. With regard to bitcoin being banned by all governments, it seems kind of unlikely for it to happen unless it it doesn't serve any good purpose to the people. It's money after all and an innovative one at that. Events like these should call for actions that bring good to a greater number of people in the long run.
Yes it is a serious matter and it looks too serious that it might be a bad thing. In short time if those superpower might have banned bitcoin it would be this year or past years as it started. They can't do that when or after this year when more million users and supporters are joining day by day. If they want to stop it the first place they will not even give any attention of regulating. It is called a waste of time and they will look stupid if they do so.
They can't remove Bitcoin, but they can remove exchanges.
Sure you can transfer your money to another currency and use that to purchase Bitcoin, but it'll be a hassle a lot casual users won't want to go through.
Not to mention, it then regulates businesses tax wise and forces them to act illegally and forge documents, which 95% of business will not do just for Bitcoin.
If governments don't want Bitcoin to succeed they can make sure it wont, at least not to a scale where it becomes a global norm.
Sure you can transfer your money to another currency and use that to purchase Bitcoin, but it'll be a hassle a lot casual users won't want to go through.
Not to mention, it then regulates businesses tax wise and forces them to act illegally and forge documents, which 95% of business will not do just for Bitcoin.
If governments don't want Bitcoin to succeed they can make sure it wont, at least not to a scale where it becomes a global norm.
Actually this is what i fear the most. China one of the big player in the Cryptocurrency banned ICO. If my understanding is correct they did not ban Bitcoin at all, they could still buy and sell goods using Bitcoin.I hope that they do not totally ban it.
Also what if United States of America follows China definitely there will be a panic selling.
If superpower countries unite against Bitcoin, it will be just a bunch of 1 and 0.
Also what if United States of America follows China definitely there will be a panic selling.
If superpower countries unite against Bitcoin, it will be just a bunch of 1 and 0.
To the new investor, I see how this can be extremely fishy and scary. China has always been marketed as the father of Bitcoin because of all the mining efforts and pools and exchanges. However, with that in mind, notice that Bitcoin has actually rebounded past this initial drop. I think that's the amazing part of it all. Sure, it another country dropped BTC support, we'd see some drops, but for now, it's crazy that BTC has made it back through all the news.
Actually this is what i fear the most. China one of the big player in the Cryptocurrency banned ICO. If my understanding is correct they did not ban Bitcoin at all, they could still buy and sell goods using Bitcoin.I hope that they do not totally ban it.
Also what if United States of America follows China definitely there will be a panic selling.
If superpower countries unite against Bitcoin, it will be just a bunch of 1 and 0.
Also what if United States of America follows China definitely there will be a panic selling.
If superpower countries unite against Bitcoin, it will be just a bunch of 1 and 0.
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.
Initial coin offering is an investment instrument almost similar to what the Winklevoss' are pushing. That's what they can ban. But bitcoins are impossible to ban.
It is possible, indeed. If the government of a certain country cannot find a way on gaining benefit from bitcoin and other cryptocurrency and this coins are imposing detrimental effect on fiat, then they might take such action like what China did.
The thing is as more country bans the coins, bitcoin will start depreciating and may result on holders selling there share.
There might become an indirect effect on bitcoin market.
The thing is as more country bans the coins, bitcoin will start depreciating and may result on holders selling there share.
There might become an indirect effect on bitcoin market.
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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.
Actually, Government can stop bitcoin from mainstream activities and it could be back again on dark web activities but i don't think the Government will do such stupid thing, They will get the benefit they can get on bitcoins and other cryptocurrencies/coins. The technology of Cryptocurrency is really beneficiable. There is money on cryptocurrency therefore, i don't think Government will stop Bitcoin from it's mainstream activities.Regulations is just for trading and exchanges, Still you can use Bitcoin even if the Government illegalized it, It's just you really need to secure yourself from the Government which is a hard thing to do.
They cannot stop the decentralized transaction. Afterall, bitcoin is very popular in other countries, how can a government may stop something that is very useful and important for the benefits of others.
Why don't they focus on the economy, crime and corruptions that are happening and not with the issues about someting(bitcoin) that is useful.
Why don't they focus on the economy, crime and corruptions that are happening and not with the issues about someting(bitcoin) that is useful.
of course, bitcoin is a digital currency and is not held by any state or government, the government will not be able to master bitcoin,
bitcoin is a decentralized currency so i think that government could not stop bitcoin. maybe government can banned trading but still there's a lot of ways to do trading you can't stop what is meant to happen. bitcoin is our destiny that's why im keeping all my bitcoin on my wallet and holding it till bitcoin reach my asking price per each bitcoin.
i am thinking the same like you and i think its too difficult to banned bitcoin from all places because bitcoin now become famous and many people is join with bitcoin. i am not sure the government can handle the situation if they really banned bitcoin. i am sure that people will find a way to still used their bitcoin because bitcoin can give them freedom to manage their own money.
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.
First, the premise is flawed. A law that outlaws exchanges is the opposite of "irrelevant." This is a risk of Bitcoin. There is no regulatory landscape, and as one emerges, some countries could take a hard stance. It's perfectly understandable that people liquidate BTC after it becomes extremely difficult to exchange fiat, or illegal. It's a risk people need to consider.
bitcoin is a decentralized currency so i think that government could not stop bitcoin. maybe government can banned trading but still there's a lot of ways to do trading you can't stop what is meant to happen. bitcoin is our destiny that's why im keeping all my bitcoin on my wallet and holding it till bitcoin reach my asking price per each bitcoin.
Even bitcoin is decentralized they can still stop bitcoin because you know that the demands are coming from the people from different countries and because of those people there is a demand in the market that dictating the price because the whole market is depending on the demand and supply and once the governments will ban bitcoin from their country then the demand will be gone and bitcoin will stop from its position and it will slowly go down.
bitcoin is a decentralized currency so i think that government could not stop bitcoin. maybe government can banned trading but still there's a lot of ways to do trading you can't stop what is meant to happen. bitcoin is our destiny that's why im keeping all my bitcoin on my wallet and holding it till bitcoin reach my asking price per each bitcoin.
There is no denying that government may affect the current state of bitcoin, government has no control with bitcoin but they have the control with the users. Once they decide to ban it probably investors and holders would stop also , thia is how the government regulate the crpytos. But the fact that banning bitcoin is a hard thing, government woukd have a difficult time regulating it (They have to cut all internet connection to ban it). Though government may become a factor of rising and dumping, bitcoin is still not dependent on government. Bitcoin would still go on and continue its right track. They can stop but they would really under go a really really tough and hard times.
It is very unlikey, to do stop for Bitcoin globally. Bitcoin use blockchain technology which guarantee independence and autonomy for its measures.
That's why the Bitcoin price is so high lately, it is one of the key features that this currency offers to its users.
Of course if any of goverments would like to stop Bitcoin or any other crytpo currency he would be able to do it.
With huge efforts but it is possible using the law and many punishments due to stop BTC.
That's why the Bitcoin price is so high lately, it is one of the key features that this currency offers to its users.
Of course if any of goverments would like to stop Bitcoin or any other crytpo currency he would be able to do it.
With huge efforts but it is possible using the law and many punishments due to stop BTC.
The government will never stop bitcoin, they do not have choise, they have to adopt butcoin as payment methode. Bitcoin is much better than any fiat, also the economic sectir will grow faster if people use bitcoin.
I agree government will have difficulty in stopping Bitcoin. Aside from that if the government wanted to stop Bitcoin, they need to shut down the internet which is impossible since there are lots of transactions and information that are using the internet. Beside the government itself will be affected once they shut down their internet connections. For example, China had been hostile to Bitcoin but they always fail when they attempt to stop their citizen from using Bitcoin or banning bitcoin.
The government will never stop bitcoin, they do not have choise, they have to adopt butcoin as payment methode. Bitcoin is much better than any fiat, also the economic sectir will grow faster if people use bitcoin.
Governments have all rights even on internet. Yes they can ban / stop bitcoins by blocking all sites. Most of countries ban bitcoins because governments gives order to them. I hope they realize their mistakes and unban the bitcoins. Maybe now or later, every government will realize that bitcoin is non-stoppable and all their efforts to ban the bitcoin will be in vein.
yes they can that is a fact, but i do not think that they will, because bitcoin is becoming more popular and it is now become the need of the people specially the new generation who are giving more importance to online currency as compare to fiat one. i think that it is also the need of the day therefore i am sure that government will take a very positive steop toward bitcoin and will surely make bitcoin as legal currency just like japan. Jump to: