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Topic: The Government Could Shutdown Bitcoin? - page 6. (Read 705 times)

legendary
Activity: 2576
Merit: 1655
November 22, 2019, 08:44:39 AM
#11
I doubt that people will lost interest on bitcoin. I mean it has survived its first 10 years with a lot of bumps and test along the way. But bitcoin already proven that it is so resilient with this kind of attacks. And remember that the market is open 24x7 so how can you shut it down? And if the price of bitcoin goes <$1k? I'm sure a lot of us here will be a bagholder.
sr. member
Activity: 1638
Merit: 425
Cashback 15%
November 22, 2019, 08:42:05 AM
#10
I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ 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/

No way any government can stop bitcoin because they don't control bitcoin and honestly this does not make any sense because we have come across so many speculations and news like this in the past and I know there will be some more negative posts due to recent market situation.
Agreed, controlling the market price of bitcoin would not be an easy task, depending on supply and demand if the market.
A lot of news in the market and speculation could easily be throw on the internet to affect the bitcoin community and bitcoin investors.
hero member
Activity: 1190
Merit: 511
November 22, 2019, 08:42:00 AM
#9
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.
sr. member
Activity: 1151
Merit: 260
☆Gaget-Pack☆
November 22, 2019, 08:36:15 AM
#8
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.
jr. member
Activity: 109
Merit: 1
November 22, 2019, 08:35:52 AM
#7
No one can shutdown decentralized system. But this can slowdown of development and adoption
sr. member
Activity: 2016
Merit: 281
Seabet.io | Crypto-Casino
November 22, 2019, 08:35:14 AM
#6
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/

no government can stop bitcoin or control prices, if indeed the government can control bitcoin why didn't they do it last year when the price of bitcoin rose so high that it really threatened their fiat finances but why didn't they do it? destroy bitcoin At that time, I thought the person who could do that was Satoshi Nakamoto because he was the creator of bitcoin.
sr. member
Activity: 854
Merit: 267
★777Coin.com★ Fun BTC Casino!
November 22, 2019, 08:31:27 AM
#5
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 the government couldn't do that for the simple reason simply because they should've done it a long time ago if they could but looking to what Bitcoin's price it turns out to the price that we never imagined. The government can do something about the market like they can restrain their people upon using but this can never be stopped since Bitcoin and other cryptocurrencies are anonymous, in other words, it cannot be tracked down.
sr. member
Activity: 1624
Merit: 261
November 22, 2019, 08:01:14 AM
#4
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/

No way any government can stop bitcoin because they don't control bitcoin and honestly this does not make any sense because we have come across so many speculations and news like this in the past and I know there will be some more negative posts due to recent market situation.
hero member
Activity: 1862
Merit: 830
November 22, 2019, 07:28:11 AM
#3
The government cannot do this because we have seen a lot of examples ,
Let's take the example of Korea , they attempted to ban Bitcoins but after a while when they realized that it is going to be there even if they want it or they don't , that was the time they took charge and started regulating Bitcoins instead of banning it.
Because they can't just check and control each and everything it's the people only they are employing and it's the people only who is supporting Bitcoins.
legendary
Activity: 2702
Merit: 2645
Farewell LEO: o_e_l_e_o
November 22, 2019, 07:17:02 AM
#2
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?

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 $100k against this dollar shit.
sr. member
Activity: 1638
Merit: 425
Cashback 15%
November 22, 2019, 06:48:26 AM
#1
I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ 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/
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