new possibilities of government crackdown on bitcoin - page 2.

Obito

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Quote from: franklin2058 on October 24, 2019, 08:01:54 AM

Government has cracked down bitcoin before (such as China and India). Do you think what is the possibilities of government crackdown on bitcoin in the next 10 years?

More to come. And as well more to come who will accept it. It was supposed to be an enemy of government so expect it a lot. Perhaps, it would be an endlessly battle between bitcoin and the government.

Quote

This is important to me as I am going to leverage heavily in the coming bull market. I may lose all my money if the government crack bitcoin once again.

Thank you a lot!

Monitor your country state condition towards crypto currency. Do not invest yet. It sounds like you are about to invest a lot of money right there huh. If there is something different between your country and bitcoin probably banning thoughts then it must be a total banning possibly in the next 10 years or may be a lot earlier than that.

ecnalubma

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The pressure won’t stop if the government see irregularities in the space. But I think in the next 10 years Bitcoin will become more established than before and investors will gain more confidence, slowly more institutions will be involved.

mk4

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There's definitely a good chance for that to happen, especially with countries like the United States whereas crackdowns from those kinds of countries can negatively affect the price a lot. And guess what? There's a good chance for another one of those 2018-like prices crashes(or probably bigger) due to a crackdown. Hence why the statement "don't invest what you're willing to lose" is being thrown around a lot, as huge price crashes can occur due to various unforeseeable reasons.

shield132

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At first I want to mention that despite the fact that we may give you valid arguments about whether governments will crack down bitcoin or not, still it means nothing cause no one knows what will come for example in Trump's mind, he loves crazy actions.
On another hand I highly doubt they will crackdown it for some reasons. At first there is a lot of money put in bitcoin, it's like a commercial thing for some companies which include mining companies and etc.
On another hand if they crackdown it for illegal activity reasons, then they must be aware that it doesn't matter, there is supply, there is demand. They will make situation hard and worse for themselves cause if they ban it, there will be new and better way which will be 100x difficult for them to fix.

Shasha80

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I am sure that the government will try to crack down again like China and India. But certainly it will not be in the near future.
Because the crackdown on bitcoin must be well prepared, the government needs proof that bitcoin is problematic. As long as
the government has not yet received evidence of the deterioration of bitcoin, they will be passive in monitoring the development
of bitcoin. So now This is still in a safe condition to do investment, moreover the price of bitcoin is going down again. But don't
use all the capital you have to buy bitcoin, save in a stable coin around 50%. So if bitcoin goes down again we can buy it again
at a lower price.

ChrisPop

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Franklin.. first of all your risk management is not alright. You don't wanna lose all your money no matter what and you shouldn't make all in bets. Like the veteran trader Peter Brandt said - there are 50% chances BTC goes to 0 and 50% that it goes to $100k. Now the risk:reward ratio is very good here isn't it? Like you're risking to around $7500 at the current price to win more or less $100,000. To me that is a pretty good trade setup, but after all it all comes to you.

Slow death

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Quote from: franklin2058 on October 24, 2019, 08:01:54 AM

Government has cracked down bitcoin before (such as China and India). Do you think what is the possibilities of government crackdown on bitcoin in the next 10 years?

look at these two countries you mentioned (india and china), look at your political, religious, tribal system and see what freedoms they give your people, if there is social and cultural justice. it would be hard bitcoin not to have problems in these two countries. you just have to worry about the US government, if the US government is still bitcoin friendly and then countries like japan and other rich countries don't create bitcoin barriers then everything will be fine

Quote from: franklin2058 on October 24, 2019, 08:01:54 AM

This is important to me as I am going to leverage heavily in the coming bull market. I may lose all my money if the government crack bitcoin once again.

Thank you a lot!

do you really want to take high risk?

NathanJB

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Quote from: franklin2058 on October 24, 2019, 08:01:54 AM

Government has cracked down bitcoin before (such as China and India). Do you think what is the possibilities of government crackdown on bitcoin in the next 10 years?

This is important to me as I am going to leverage heavily in the coming bull market. I may lose all my money if the government crack bitcoin once again.

Thank you a lot!

You are worrying too much. If you are too worried about the next ten years, you should not consider it a hindrance to your actions in the next months or years. Do your thing now and worry later or when it is near. You will surely cross the bridge when you get there. And I know you are aware that Bitcoin cannot be seized. Don't worry about the governments, Bitcoin can always go around them and their rules.

carlfebz2

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What you do mean about crackdown? Government still continues how to suppressed bitcoins existence yet they do know on what are the things would be mainly affected
if this would go mainstream.We cant predict the future though to give out precise possibilities that might happen ahead.For now government would just simply fought back
by means of legality or regulation but stopping it completely isnt possible for now.

HeRetiK

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Yes we might see government crackdowns on crypto again in the foreseeable future. I do doubt that they will be very successful though.

Regardless of that, don't invest in a way that may have you lose all your money. Absolutely do not do that.

Crypto is highly volatile even ignoring changes in govermental policies. Unless you have a magic crystal ball that tells you the future you will never know if the next rally is the beginning of a bull market or just a bull trap. And once a bull market has been confirmed you'll never know how long it will last. Don't get burned.

franklin2058

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Government has cracked down bitcoin before (such as China and India). Do you think what is the possibilities of government crackdown on bitcoin in the next 10 years?

This is important to me as I am going to leverage heavily in the coming bull market. I may lose all my money if the government crack bitcoin once again.

Thank you a lot!

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