will become a bitcoin addict, all that income is good
Topic: WHAT IF the GOVERNMENT wins over BITCOIN? - page 16. (Read 2594 times)
will become a bitcoin addict, all that income is good
If ever the government will win over bitcoin, i have no choice but to follow all the regulations they will imposed even with the tax deduction. I am into bitcoin because of the freedom it gives me, no more approval needed, no more papers to sign just to withdraw or pay money to merchants. But if it is for the betterment of the country then i will just abide.
Bitcoin transaction or. Trading has nothing to do with government, beside government has not create adequate jobs for youth, Base on that government should face they challenges, beside bitcoin transaction on each country federal government has been benefited on transaction charges. With out smart contract, nothing like government. Bitcoin always win.
I definitely think some regulations that will affect the trading/investing aspects of cryptocurrencies will be put into place and they need to be put into place. However, i dont see the U.S government actually regulating the use and capabilities of cryptocurrencies because it would be too hard to track everyone using crypto and those people can virtually make themselves 100% anonymous.
Yes, now bitcoin is not in the best position due to the fact that the government is still in uncertainty. I hope that all the same our rulers will be reasonable and accept bitcoin.
Some government has already banned bitcoin but they never could stop.people from using bitcoin.People investing many ways of earning money.VPN is a popular way of using bitcoin and avoid government rule.Government really can't stop us using bitcoin.Also if we convert it to fiat then withdraw then government won't find us anyhow.So I think it's impossible for government to wins over bitcoin.
They will freeze and seize Bitcoin when they give the "ban order"
How can they freeze or Ban bitcoins ? Bitcoins are available online and anyone can access them. Even if government blocks the trading / online Wallets sites, people can still use VPN and remain connected with bitcoins. This is the main reason why no government has not been able to fully control or stop the bitcoin usage.
Some government has already banned bitcoin but they never could stop.people from using bitcoin.People investing many ways of earning money.VPN is a popular way of using bitcoin and avoid government rule.Government really can't stop us using bitcoin.Also if we convert it to fiat then withdraw then government won't find us anyhow.So I think it's impossible for government to wins over bitcoin.
They will freeze and seize Bitcoin when they give the "ban order"
How can they freeze or Ban bitcoins ? Bitcoins are available online and anyone can access them. Even if government blocks the trading / online Wallets sites, people can still use VPN and remain connected with bitcoins. This is the main reason why no government has not been able to fully control or stop the bitcoin usage.
Of course, the government is more profitable to ban bitcoin, as it is impossible to regulate it. But I do not think that absolutely all States will be able to ban it.
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Government can ban and regulate bitcoin on its country but they can't force its citizen to avoid on having it because bitcoin is an opportunity in a lifetime, but if it is happen i'm sure it is always on the best interest for its people.
You're in deed correct cause such thing happened in China when the Chinese government ban Bitcoin the citizen still find a means to trade and buy bitcoin indoor. However, all the effort of the government to ban bitcoin and the FUD only causes dump in price of bitcoin for awhile. All this shows that the government will never win over bitcoin and the whales won't even allow that to happen.NOTE : Respected people you can't even imagine are involve in Bitcoin.
I do not know if theres a big guy or a group of whale makers at the back of this scenario. They are using governments to make the Bitcoin charts, and altcoin charts repeat themselves. I do not know if the Bitcoin chart is purely moving based from people buy and sell or theres someone who control over this?
Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.
I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).
So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.
This is not an advice. It's simply a shared idea.
How about you? What do you have in mind?
I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).
So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.
This is not an advice. It's simply a shared idea.
How about you? What do you have in mind?
If the government will win over Bitcoin, a lot of people will be disappointed because some people start to have this investment for their future; thus, it will be their lost if Bitcoin will be gone.
That is true that a lot of people will become disappointed to bitcoin because they are all expecting some good things about bitcoin in the future and if the government will just ruin it by stopping bitcoin then it will result for disappointment. Government should not do that and they should just support bitcoin so the progress of having a better and futuristic world will become faster.
If the government wins over bitcoin and they will regulate it, i have no choice but to abide all the laws and regulations. I won't give up my bitcoins, it will become like our local money that could be used as payments to stuffs and services. I think it will give them a hard time because bitcoin is decentralized, maybe they can control the platform exchange and should apply for license before they can operate.
it seems the government will never be able to control the movement and circulation of bitcoin, free-moving bitcoin no one can control it even though the government has worked hard, the government will never be able to control the circulation of bitcoin.
meh, that are going even worse if goverment wins over bitcoin, they know they can control it just for they sake and if that happen, it will going back to centralized wealth in this world
If worst case scenario governments can ban Bitcoin to Fiat and vice-versa transactions, so in that case we won't be able to cash out Bitcoins or purchase Bitcoins with fiat currency. However, even in that case, one can always send his Bitcoin funds in the country where it is legal and sell it online then receiving payment in the form of fiat currency earned outside the country. Such action will definitely create legal complications so it is not a good idea to ban Bitcoin transactions in my honest opinion.
If the government prohibits the crypto currency, the easy earnings will be lost (this is one of the most important), the hope for an anonymous currency will disappear (no one controls the currencies) .. In the end, everything will be bad ..
Government can ban and regulate bitcoin on its country but they can't force its citizen to avoid on having it because bitcoin is an opportunity in a lifetime, but if it is happen i'm sure it is always on the best interest for its people.
I think that many governments would like to control bitcoin and other cryptocurrency.
But to stop the advancement of new technology is impossible even for governments.
We are on the threshold of very big changes in the financial world.
But to stop the advancement of new technology is impossible even for governments.
We are on the threshold of very big changes in the financial world.
The government can not win against the bitcoin because there are a lot of people in power who are dealing with BTC.
Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.
I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).
So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.
This is not an advice. It's simply a shared idea.
How about you? What do you have in mind?
I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).
So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.
This is not an advice. It's simply a shared idea.
How about you? What do you have in mind?
I think if the government succeeded in gaining control over bitcoin, the whole industry off cryptocurrency will be left to ruins. Bitcoin is so special because it is decentralized and that is why bitcoin has been loved by many people in the community. So I hope that nightmare will never happen because bitcoin is a great gift to our economy
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