Maybe governments can stop bitcoin after all - page 26.

amaral1977

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Quote from: OmegaStarScream on September 05, 2017, 03:49:41 AM

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.

BTC price is almost all derived from speculation. The real use cases, This forum micro economy, blackmarkets and a few other can hardly explain this price level. So as a purely speculative asset it will be seriously exposed to this kind of pump and dump based on news, even irrelevant ones.

"goodbuy, i´m tired of this volatility"; "did he say buy? everybody buy, buy,buy!!!" ; "what the hell?"; "huh sell?, "shit let me dump everything before he does!!"

John Wick

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Quote from: Kotone on September 20, 2017, 01:30:24 AM

Quote from: OmegaStarScream on September 05, 2017, 03:49:41 AM

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.

It really can't be helped if some governments might make Bitcoin illegal as there are really transactions that make everything more shady when Bitcoin is involved. It is very dishesrtening to see a technological innovation being used or wasted but the end point would always be that Bitcoin is depending on who uses it.

Despite everyting, I still don't believe that governments can control or stop bitcoin after all of the actions. They can only limit the usage of it and trades. The rest will be decided by us.

Panda Trump

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Quote from: reflector on September 19, 2017, 11:05:54 AM

Quote from: Panda Trump on September 19, 2017, 11:02:51 AM

Quote from: OmegaStarScream on September 05, 2017, 03:49:41 AM

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.

Governments can make Cryptocurrencies' prices drop.. They can discourage you to use them. Heck, they can even make Cryptocurrencies illegal!

But what they can't stop, is the power of our Cryptocurrency community. Ofcourse, the community that would still be using it, would be much smaller, but it would still be present.

Regards,
Trump

Apart from Japanese non of government give fuck to bitcoin or altcoin. Since bitcoin is independent medium to invest start the business. Till that will survive without any help of government.
Each and every single person can invest in bitcoin related platform and can earn without any trouble or taxation.

Okay... And now the English version of what you just said?

Regards,
Trump

MAbtc

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Quote from: Wingo on September 20, 2017, 06:48:40 AM

It just kills the decentralization of bitcoin because the government can now limit its use. It is sad that some government are just too corrupt to not give the people the freedom to use crypto currencies.

This should all have been expected. Bitcoin and cryptocurrencies don't necessarily threaten a state's ability to issue money, but they can potentially reduce a state's monetary control if their values continue to climb. This won't be the last time that a government places massive restrictions on cryptocurrency, especially with regard to authoritarian governments like China.

At the end of the day, even if they ban mining and block the network itself, there will always be non-internet methods and VPN to sync and publish transactions/blocks. But it could be a major deterrent to Chinese investment.

HalfDeck

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Quote from: legendbtc on September 20, 2017, 01:42:55 AM

Quote from: Sled on September 20, 2017, 01:36:12 AM

Governments can really stop bitcoin after all because that is their power and because of their power in creating a law then they can create a law that is against bitcoin and declare it on public and the people in the country cannot do anything about it but just to obey the government and it will affect the price of bitcoin that will become even lower than right now.

Yes, I agree with you but there are many other sectors showing interest towards the Bitcoin and started legalizing the Bitcoin. The government is understanding that Bitcoin and Blockchain are future trends where we can secure the transaction for transparency.

Only Blockchain, I think Bitcoin not useful with the government, a currency can not control by anyone never become an international currency as our hope.

BitcoinPC

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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.

Wingo

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It just kills the decentralization of bitcoin because the government can now limit its use. It is sad that some government are just too corrupt to not give the people the freedom to use crypto currencies. Many people are successful with trading and investing in crypto currencies and I don't think that crypto currencies are a threat to a country's economy.

kahei626

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not very likely to happen, as there are too many stack holders

legendbtc

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Quote from: Sled on September 20, 2017, 01:36:12 AM

Governments can really stop bitcoin after all because that is their power and because of their power in creating a law then they can create a law that is against bitcoin and declare it on public and the people in the country cannot do anything about it but just to obey the government and it will affect the price of bitcoin that will become even lower than right now.

Yes, I agree with you but there are many other sectors showing interest towards the Bitcoin and started legalizing the Bitcoin. The government is understanding that Bitcoin and Blockchain are future trends where we can secure the transaction for transparency.

Sled

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Bitcoin- in bullish time

Governments can really stop bitcoin after all because that is their power and because of their power in creating a law then they can create a law that is against bitcoin and declare it on public and the people in the country cannot do anything about it but just to obey the government and it will affect the price of bitcoin that will become even lower than right now.

Kotone

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Quote from: OmegaStarScream on September 05, 2017, 03:49:41 AM

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.

It really can't be helped if some governments might make Bitcoin illegal as there are really transactions that make everything more shady when Bitcoin is involved. It is very dishesrtening to see a technological innovation being used or wasted but the end point would always be that Bitcoin is depending on who uses it.

chichigirl

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HELENA

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.

Wingo

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Many people should know the importance of bitcoin in our lives, especially the help that it can give to people who wanted to have investments and gain profit. These laws that the government make are just too pointless. I support bitcoin and we all should, like Japan and how they adapted the legalization of the use of bitcoin in their country. Japan's economy is growing, they are a proof that bitcoin is not a threat to the economy so why should China or Russia ban the trading/transactions using bitcoin.

faithupgrade

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They can stop it by imposing some restrictions of using bitcoin but that restrictions are very LIMITED only because bitcoin is decentralized and not centralized.

Blamsud

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Quote from: Jake052478 on September 19, 2017, 07:26:22 PM

Actually, any government can stop bitcoins, the only thing they can't are the investors who are into this trend. CHINA has declared a halt to cryptocurrency exchange but they cannot stop the Chinese Investor to venture to other countries like Japan and South Korea. Chinese traders even went to Hong Kong to continue investing and have exchanged it to Gatecoins where Hong Kong is using that name for their cryptocurrencies. So if ever the government will halt the exchange in the Philippines, we can still use this to buy goods online who are accepting this currency... CHOW.....

Government can ban ot like what China government did, but some countries haven't access on advancement of technology that are able control thei internet since there are vpns that can be used still.

Jake052478

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I will do wonder for YOU!!!

Actually, any government can stop bitcoins, the only thing they can't are the investors who are into this trend. CHINA has declared a halt to cryptocurrency exchange but they cannot stop the Chinese Investor to venture to other countries like Japan and South Korea. Chinese traders even went to Hong Kong to continue investing and have exchanged it to Gatecoins where Hong Kong is using that name for their cryptocurrencies. So if ever the government will halt the exchange in the Philippines, we can still use this to buy goods online who are accepting this currency... CHOW.....

Tubig

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Quote from: talkbitcoin on September 05, 2017, 07:13:00 AM

no they can NOT stop bitcoin.

first of all the government has never had anything against bitcoin. they have always have been against illegal things that is done with it. with bitcoin and any other cryptocurrency. this China ICO drama is the perfect example of what i just said.

secondly nobody can stop bitcoin. things like what happened can temporarily damage the price. and even if all countries announce bitcoin as illegal the price drops and that will be the worst part of it. but it won't kill bitcoin!

I agree, The fact that what ever happens bitcoin will be damaged but it will not make bitcoin vanished. Nothing can stop bitcoin because of its being encrypted.

Tubig

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Quote from: talkbitcoin on September 05, 2017, 07:13:00 AM

no they can NOT stop bitcoin.

first of all the government has never had anything against bitcoin. they have always have been against illegal things that is done with it. with bitcoin and any other cryptocurrency. this China ICO drama is the perfect example of what i just said.

secondly nobody can stop bitcoin. things like what happened can temporarily damage the price. and even if all countries announce bitcoin as illegal the price drops and that will be the worst part of it. but it won't kill bitcoin!

I agree, The fact that what ever happens bitcoin will be damaged but it will not make bitcoin vanished. Nothing can stop bitcoin because of its being encrypted.

joganuts

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Quote from: NY-city on September 05, 2017, 06:40:42 AM

The government wants to control bitcoin and soon if several more countries ban it, the price may drop significantly. Bitcoin has grown very well and is a huge competition for the banking system.

I agree , the government more likely wants to control bitcoin rather than to kill it or to let it gone in the future. Be asue they also know that bitcoin has a good future ahead. It just depends on how people would support bitcoin in the future for it to attain once again the development and the innovation it could achieve.

reflector

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Quote from: Panda Trump on September 19, 2017, 11:02:51 AM

Quote from: OmegaStarScream on September 05, 2017, 03:49:41 AM

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.

Governments can make Cryptocurrencies' prices drop.. They can discourage you to use them. Heck, they can even make Cryptocurrencies illegal!

But what they can't stop, is the power of our Cryptocurrency community. Ofcourse, the community that would still be using it, would be much smaller, but it would still be present.

Regards,
Trump

Apart from Japanese non of government give fuck to bitcoin or altcoin. Since bitcoin is independent medium to invest start the business. Till that will survive without any help of government.
Each and every single person can invest in bitcoin related platform and can earn without any trouble or taxation.

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