Topic: The Government Could Shutdown Bitcoin? - page 5. (Read 711 times)
I don't really see how they are going to do that.
I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.
What is your opinion about this? Could the government do this?
https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.
What is your opinion about this? Could the government do this?
https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/
Do you think controlling Bitcoin's price is in goverment's hand, not its not then how come any government can bring Bicoin price to $1000. I do not say that Bitcoin can not have $1000 price in future but that will not be driven by any government. Bitcoin is still strong and driving the whole crypto market, it seems difficult that Bitcoin price will go much lower. The people who really know the benefits of blockchain technology wil not sell Bitcoin at low price.
I don't think it will be possible if only a few governments do that, and certainly to make it requires a lot of funds and devious methods. and it takes a long time, so the conclusion will not be possible because every government in a country has its own idealism
I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.
What is your opinion about this? Could the government do this?
https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/
I think they could do this kind of trick in the market but it is not going to be easy also they cannot control the supply and demand at the same time in the market.Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.
What is your opinion about this? Could the government do this?
https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/
For me the government cannot control the bitcoin even if the bitcoin market price stay in 1000$ for a long time there is no guarantee that bitcoin and investor is not going to be interested at the first place low market price of bitcoin is the one that attracts more investors in the bitcoin, because it is a good opportunity for sure to invest in bitcoin.
I think more of the way this will be possible is if a good quality of Bitcoin are being purchased and manipulated by the government but it will cost them so much. I was thinking the only way governments can shutdown Bitcoin is by banning it and putting a strict threat to anyone who use and purchases it in their country.
Moreover if the price of Bitcoin go down to 1k, a lot of people will panic terribly .
Moreover if the price of Bitcoin go down to 1k, a lot of people will panic terribly .
I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
In other words you are saying the bitcoin will be controlled by a single power?Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
Seriously! What is wrong with you people? When you see a sudden fall then you lot start to panic and forget about this that this kind of things happened thousands times with Bitcoin but still it had 20,000x gains against this shit dollar currency.
You people really do not deserve bitcoins. If you are not okay to hold your coins if the price goes down to $1k (which is highly unlikely) then you people really do not deserve to see bitcoin price to have $100k against this dollar shit.
I guess it's high time we told some folks if their hands are too itchy to hold their bitcoins then can send it over to theymos address is for forum development and other important stuffs.
I don't know why this idea would even be an issue. However, i don't think this idea will work. How come a single government can manipulate and control bitcoin's price? Unless all countries or bigger countries would agree to shutdown bitcoin that I doubt they would even do.
In what sense people will lose interest when BTC stays below $1000?
Didn't you consider the adoption happening here, in the gambling industry alone, we can already see a big demand of bitcoin as most of the gambling sites are accepting BTC and gamblers trust BTC more than altcoins.
Please remember that not all users here are investors, some are just using crypto as a tool for fast and cheap online transaction, and one thing, BTC died many times before we even reach $1,000 and it was good that time, so I don't think price is really an issue here, and lastly, how can the government manipulate the price if they are not the whales?
Didn't you consider the adoption happening here, in the gambling industry alone, we can already see a big demand of bitcoin as most of the gambling sites are accepting BTC and gamblers trust BTC more than altcoins.
Please remember that not all users here are investors, some are just using crypto as a tool for fast and cheap online transaction, and one thing, BTC died many times before we even reach $1,000 and it was good that time, so I don't think price is really an issue here, and lastly, how can the government manipulate the price if they are not the whales?
I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.
What is your opinion about this? Could the government do this?
https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/
Wow I guess that could be one potential way to attack Bitcion and cryptocurrencies a like. Another and more efficient way would be for the all of the Governments and banks to simply go through congress, lobby against Bitcoin heavy, then create new policies that stop the conversion of any cryptographic currency into fiat. How then will one expect to cashout? If you can't trade you digital coins for real fiat, your practically screwed! What could you do if all of your wealth was tied up in crypto and then you could no longer convert it? many would lose the shit off of their backs.Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.
What is your opinion about this? Could the government do this?
https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/
I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.
What is your opinion about this? Could the government do this?
https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.
What is your opinion about this? Could the government do this?
https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/
If the price will be within $1000, then Bitcoin will be easy prey for whales who will buy thousands of coins at the wholesale price, thereby launching the growth of the coin up. The government will not likely be able to control this
Seriously, these type of dumb clickbaity articles are completely unnecesary right now, we get one of these (crackdown on cryptos from X govt) at least twice a week.
Actually that crypto news site mentioned in the OP have a reputation to publish articles that aren't consistent and don't have factual data to support it just like the example below as quoted from that article:
Quote
The observation of direct government influence has already been made regarding the launch of futures markets. Analysts commented that the decision to launch BTC futures on CME and CBOE back in 2017 was a concerted move, which “tamed” BTC market prices.
The statement above don't have credible reference or anything that will support it as to where that writer got that idea that I assume that story was just fabricated or in short, its all "fake news!"
I don't know why this kind of articles suddenly pops up with the price of bitcoin is going down. Coincidence or FUD? Your guess is as good as mine.
If governments such as US and China (mentioned in the article) would love to shutdown bitcoin, they wouldn't let the price goes on $20k in 2017, they would simply stop it at this point and ban everything related to bitcoin. But they didn't, so I doubt that there are plans in place or if even those two governments really wanted to stop bitcoin as this point and crashed the price to $1K.
If governments such as US and China (mentioned in the article) would love to shutdown bitcoin, they wouldn't let the price goes on $20k in 2017, they would simply stop it at this point and ban everything related to bitcoin. But they didn't, so I doubt that there are plans in place or if even those two governments really wanted to stop bitcoin as this point and crashed the price to $1K.
They could probably ban it's use like mining and trading, though i doubt there will be an absolute effect. People will find ways to utilize bitcoin and it may thrive in underground and black markets. At this point, i don't think it can be shut down entirely anymore. Just look at china. Slowly, it's loosening it's stance of crypto after being against it in the past few years.
I don't also really know if the government can shutdown bitcoin for now because as we all know that the government has the power to control everything so maybe there would be some sides of bitcoin that can be controlled by the government or they can really ban bitcoin mining if they want to, but the banning of bitcoin trading? I don't think so because people can always trade anytime they wants as long as they have the internet connection and etc. Maybe the government can shutdown or will make to have restrictions in order to choose who only can access the trading platform and etc. I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.
What is your opinion about this? Could the government do this?
https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.
For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.
What is your opinion about this? Could the government do this?
https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/
WHAT THIS INSTEAD
https://www.reddit.com/r/Bitcoin/comments/dzgb3m/many_people_still_think_that_bitcoin_can_be/
Ok, so how do the governments explain the use of taxpayers money to crush emerging technologies that would create new job opportunities and revolutionize the financial industry? Do you think when this gets exposed, people would run to the voting booth to vote for a government that would use their tax money to crush the "People's Money"?
Also, do you think it would be enough to crush only Bitcoin? What about the 1000's of other Alt coins that are out there? You know it will take a lot of money to crush all of them..right? You also know people can quickly move from one Alt coin to the next, if they get wind of this.
Nah, no government would be stupid enough to do that, it would be like burning money without any good result. We went to $3000 in January and look at where we are now.
Also, do you think it would be enough to crush only Bitcoin? What about the 1000's of other Alt coins that are out there? You know it will take a lot of money to crush all of them..right? You also know people can quickly move from one Alt coin to the next, if they get wind of this.
Nah, no government would be stupid enough to do that, it would be like burning money without any good result. We went to $3000 in January and look at where we are now.
They could probably ban it's use like mining and trading, though i doubt there will be an absolute effect. People will find ways to utilize bitcoin and it may thrive in underground and black markets. At this point, i don't think it can be shut down entirely anymore. Just look at china. Slowly, it's loosening it's stance of crypto after being against it in the past few years.
some countries hate and prohibit bitcoin, maybe even there are some who try to stop bitcoin, as we see now bitcoin is still running, it shows that they can't stop bitcoin, Upward and downward trends are common in trading, maybe if the price of bitcoin becomes 1K many people will buy bitcoin as a long-term deposit.
Bitcoin has been existing for more than a decade, but it is still existing, each government are almost in favor with Bitcoin but they can't do anything to stop it, in fact the word of Bitcoin has risen and the demand for it is continuously rising, so the government can have no power to shutdown it, because if they have, they must have been done it before the mass adoption.
Well said, i'm not underestimating bitcoin's power but it is possible that government is also capable on doing it because of their power and if they want to make it happen then I think it they will have some struggle regarding on shutting bitcoin down because were still here who keeps on supporting and believing in bitcoin and we are not allowing it. There are some governments who have realized the potentialities of bitcoin that is why some of them are not against it because it can be beneficial to them and into their country. Bitcoin adoption is improving day by day and bitcoin had overcome different problems and challenges in the past that is why it won't be easy for them to do it. 
What's with your timing, dude? The article was published 3 days ago yet you decided to share it here right when the market is in panic mode, blood on the street, and the overall sentiment is bleak...You trying to spread more FUD or what?
Seriously, these type of dumb clickbaity articles are completely unnecesary right now, we get one of these (crackdown on cryptos from X govt) at least twice a week.
Seriously, these type of dumb clickbaity articles are completely unnecesary right now, we get one of these (crackdown on cryptos from X govt) at least twice a week.
Calm your nerves
The market is ok.
What's with your timing, dude? The article was published 3 days ago yet you decided to share it here right when the market is in panic mode, blood on the street, and the overall sentiment is bearish...You trying to spread more FUD or what?
Seriously, these type of dumb clickbaity articles are completely unnecesary right now, we get one of these (crackdown on cryptos from X govt) at least twice a week.
Seriously, these type of dumb clickbaity articles are completely unnecesary right now, we get one of these (crackdown on cryptos from X govt) at least twice a week.
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