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Topic: Maybe governments can stop bitcoin after all - page 3. (Read 11314 times)

member
Activity: 266
Merit: 17
I think yes because government has a power to control people, government can control media so they can spread fake news about bitcoin to discourage people who's interested to invest, but the most reasonable that can government do is to make a law about on how they put tax on bitcoin that is the best ideal way.
full member
Activity: 798
Merit: 104
That is right. Cause the biggest fear of a bitcoin earner or other bitcoin related things is when the government take control of bitcoin. Government can stops all bitcoin relating work like mining, staking, investing, faucets and even trading. So no one could getting rich with bitcoin when the government takes control in bitcoin.


As far as i know government can't stop the bitcoin regime because bitcoin is decentralized currency. They are not approved by all levels of government agency because they think it can not help to the national budget due to volatile value. One must do to help it for the benefits of  everybody was giving the right amendments.
full member
Activity: 196
Merit: 101
That is right. Cause the biggest fear of a bitcoin earner or other bitcoin related things is when the government take control of bitcoin. Government can stops all bitcoin relating work like mining, staking, investing, faucets and even trading. So no one could getting rich with bitcoin when the government takes control in bitcoin.
full member
Activity: 308
Merit: 100
you are right people as soon as they are panicked they would dump everything and walk away making btc price in a free fall and the price would go to maybe 100-300$ again.
full member
Activity: 1330
Merit: 121
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I hope they will not, but still the problem of cashing cryptocurrency out exists. I think it may cause some problems for us, if the governments decide to forbid their usage
after Bitcoin reached the level of 20 thousand dollars, many people began to believe in this currency. But if it falls below $ 10,000, then it will be a real disaster and the new government understands this. Therefore, in order to avoid collapse, they can begin the process of prohibiting crypto currency in their countries.
I think that every user of the crypto currency buys Bitcoin or other altcoin for his real money at his own risk. Of course this activity is illegal Ilé can illegally. Thus, the state will have nothing against it, although in reality huge money goes into the shadows and no one practically pays taxes from this business.
full member
Activity: 490
Merit: 100
I hope they will not, but still the problem of cashing cryptocurrency out exists. I think it may cause some problems for us, if the governments decide to forbid their usage
after Bitcoin reached the level of 20 thousand dollars, many people began to believe in this currency. But if it falls below $ 10,000, then it will be a real disaster and the new government understands this. Therefore, in order to avoid collapse, they can begin the process of prohibiting crypto currency in their countries.
full member
Activity: 364
Merit: 101
I hope they will not, but still the problem of cashing cryptocurrency out exists. I think it may cause some problems for us, if the governments decide to forbid their usage
full member
Activity: 344
Merit: 105
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.
Well for me, Yes It is possible and we must be ready for this, no matter what we do if all of the government agencies like SEC and the alliance of governments will ban Bitcoin then we have no choice but to move on. Bitcoin can still be used again but on the under the table trasactions. I don't know how people.
But in my opinion it is unlikely to happen because it is the most trusted desentralized network and the most stand alone banks.
full member
Activity: 378
Merit: 100
It would be very dangerous if one's assets would be sold all Because it causes the market to be quieter and the transaction process could be disrupted so as to make big losses for them if the government tries to make new rules about digital currency.
newbie
Activity: 20
Merit: 0
hardly can the government stop the bitcoin. Maybe bitcoin can be used for illegal purpose but still it has so many great features 
newbie
Activity: 93
Merit: 0
No ! Government can't stop bitcoin .for all people right now bitcoin is very important to them .Bitcoin is also famous right now even that in the other country they don't introduced bitcoin but more people are trusting bitcoin on investing .
member
Activity: 448
Merit: 59
imagine me
I'm wondering why the government can't take any actions against bitcoin. Do they want to get into the game too?, or they just want to watch people first and how will they be able to control it afterwards?. China banned cryptocurrency, what if all the nations did the same thing?.

If there's only one country left that will adopt bitcoin, can it pay other countries in bitcoin?. We all know that a single country can't live by its own.
full member
Activity: 952
Merit: 104
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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.

Probably they cant end bitcoin but theyxan regulate it through centralized wallets. Some governments only regulates bitcoin in order to have control over transactions using bitcoin, eventhough they cant fully control bitcoin still they can extract taxes on bitcoin transactions and investment. So in other word government cannot end bitcoin that easily.
full member
Activity: 308
Merit: 128
Yeah this is the true thing. No goverment can control or manage Bitcoin. Europeans used to try but it didn't work.

That's true, no one can stop Bitcoin invading the whole world. Even the government can't do anything, unless their going to communicate or talk to all internet provider to block all site with regards to Bitcoin matter.
member
Activity: 182
Merit: 10
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 central bank of the Philippines is also against to bitcoin. I think they do not accept bitcoin as a way of income of we are going to open an account to them.
It is not yet the government itself but it is very powerful. So expect more when the government is the one who give decision.
legendary
Activity: 1470
Merit: 1010
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European union is working (or will soon) work on the question. But apparently, they shouldn't stop it, it's more about regularize and tax gain in crypto than stop it. Anyway countries which make it illegal may change their mind depending on how other countries take action.
newbie
Activity: 14
Merit: 0
They can't stop the using but they can stop the growth by regulating it. By this, investors will be upset and their potential profit will be stopped. The government of every country are currently taking actions on making laws on bitcoin.
sr. member
Activity: 742
Merit: 252
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I don't think so. Governments don't have any means to stop bitcoin, knowing that everyone can use the computer as they wish.

It's not known whether the government will succeed in stopping bitcoin, but they can introduce such a law that the use of cryptocurrencies will make it more difficult. Then some people may be discouraged from investing in bitcoins.
newbie
Activity: 3
Merit: 0
I don't think so. Governments don't have any means to stop bitcoin, knowing that everyone can use the computer as they wish.
member
Activity: 182
Merit: 19
Yes it can happen because bitcoin deflating the countries currency, for that country can take strict action. But banning bitcoin after so long is not considered. If they want to ban they can do that in beginning. Many policies, rules, regulation are made. Also determined that they dont want to ban.
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