Topic: WHAT IF the GOVERNMENT wins over BITCOIN? - page 22. (Read 2549 times)
I do not believe that States are able to stop bitcoin. Some countries have already accepted bitcoin, and why should they refuse it?
It will come to a point of agreement; the government being given a place of agreement with the Cryptocurrency markets. Just like I believe these plans will be rolled out soon and I do hope it will be a win-win at the end.
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?
In my own understanding with cryptocurrency, i think the government can't win over crypto. They can only regulate exchange but not the crypto in itself. 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 don't see this as win / lose scenario as such it is a change in the perception of the old money system to an acceptance of cryptocurrency as a viable way forward. The first change was to accept Bitcoin as bonafide money instead of ignoring it, the second stage is to legislate for the use of and taxation, this is where we are at the moment gradually moving through country to country.
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?
Although there is no competition about the government and cryptocurrencies. I think if government will win against bitcoin then definitely bitcoin will continue its activities because although government win they cant stop the activities online. 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 worst case scenario the government can ban Bitcoin for Fiat transactions and vice versa, so in this case we will not be able to dilute Bitcoin or buy Bitcoin with fiat currency.In fact in that case, one can always send Bitcoin funds to law states and sell them online, then receive payment in the form of fiat currency obtained overseas. Many governments want to take advantage of this technology, but given that it is a currency that can not be controlled because its management depends on the whole society, it is difficult for them to take control, what can be seen.
as far as technology goes, they can not stop it. The price drop will also be temporary. Bitcoin will always go into all-time highs, without government approval. It will be a success adopted by the government, or will succeed as an underground asset. And I doubt all governments will have the same opinion about a bitcoin-friendly country and buy your property there with it.
Blocks and restrictions are a favorite effort of the government whenever it can not stop the disruption of technology.
However, I think, the fight against bitcoin is hard to win by the government.
It is impossible for the government to block the Bitcoin ecosystem. What the government can do is simply block the buying and selling sites and prohibit the development of a Bitcoin payment platform for spending. It also is a futile effort, because users will find a way to monetize Bitcoin or use it to transact.
If a government of a country forbids bitcoin, then, the User is at any time to transfer transactions abroad that are not within the authority of that government.
However, I think, the fight against bitcoin is hard to win by the government.
It is impossible for the government to block the Bitcoin ecosystem. What the government can do is simply block the buying and selling sites and prohibit the development of a Bitcoin payment platform for spending. It also is a futile effort, because users will find a way to monetize Bitcoin or use it to transact.
If a government of a country forbids bitcoin, then, the User is at any time to transfer transactions abroad that are not within the authority of that government.
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.
The state will not block bitcoin, it will lead it and will manage it. My opinion
You should always try to reach a point where you get a return on your investment. If the experiment fail or if governments
find a way to stop it, then you have nothing to lose. You would then be playing with profits made on your investment. I am
lucky that I already reached that point last year. Fortunately for us, Bitcoin is a decentralized network and it is very difficult
to take it down.
find a way to stop it, then you have nothing to lose. You would then be playing with profits made on your investment. I am
lucky that I already reached that point last year. Fortunately for us, Bitcoin is a decentralized network and it is very difficult
to take it down.
kprawn, You have given a salient financial advice that should guide everyone earning and investing in cryptocurrency against eventuality.
I think this question is quite relate able to government vs Bitcoin or what if government bans Bitcoin or Bitcoin vs Government or government trying to ban bitcoin and so on the list is quite long. One can easily find of these relate able questions but just some addition or deletion of words to make it appear new. I think if you are genuinely asking then you have poor managing and rand reading skills and if you are just helping to add more pages to the form, kindly add something genuine to the forum.
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.
Well if government can have a full control in cryptocurrencies, then i think all of our action will be limitted.
We cant do what we usually do because the government can see our movement.
We can process our investment and withdrawal without limitations because all of them is from our hard work.
But if a goverment can take control over bitcoin then theres a chance that we can be investigated and questions where did our money come from.
I dont do bad things but i hate questioning how i acquire my resources because its personal.
I hope that it will not go that far.
We cant do what we usually do because the government can see our movement.
We can process our investment and withdrawal without limitations because all of them is from our hard work.
But if a goverment can take control over bitcoin then theres a chance that we can be investigated and questions where did our money come from.
I dont do bad things but i hate questioning how i acquire my resources because its personal.
I hope that it will not go that far.
Just two things to say (as I repeat them all over the forum like a parrot ).
1. Regulations are a positive thing. We need regulations to keep the market healthy.
2. Government cannot take Bitcoin into possession, they can only make another cryptocurrency and force its adoption. However, a society has a say in it too.....
).1. Regulations are a positive thing. We need regulations to keep the market healthy.
2. Government cannot take Bitcoin into possession, they can only make another cryptocurrency and force its adoption. However, a society has a say in it too.....
Today I think this regulations are not the greatest threat to progress..Developed countries make only liberal regulations and restrictions to protect their society,They are trying to create good balance between people's interest and public interest.The main problem is for governments is that they can't control money migration.bitcoin is also a good tool for them to improve their economical conditions and not only bitcoin,Just imagine how many good projects are creating all over the world,its money export too for them.I'm just talking about this to explain that there is no danger.People see the need for such a regulations,Even such as for example KYC or Mandatory reporting rules are.In another case there may be chaos.So I'm Sure that there always will be a bunch of people wanting to buy or sell bitcoins,because of its unique nature,So my advice it to not think about this.I personally see regulation as an inevitable and desirable thing,but this regulations must be concentrated on people's will.Anyway there is no reason for fear.
Just two things to say (as I repeat them all over the forum like a parrot ).
1. Regulations are a positive thing. We need regulations to keep the market healthy.
2. Government cannot take Bitcoin into possession, they can only make another cryptocurrency and force its adoption. However, a society has a say in it too.....
).1. Regulations are a positive thing. We need regulations to keep the market healthy.
2. Government cannot take Bitcoin into possession, they can only make another cryptocurrency and force its adoption. However, a society has a say in it too.....
Do not forbid, but will make obstacles. How good or bad time will tell. It's unavoidable. Believe it there are people who also earn money on this (invest).
I think it's hard enough for a government to make bitcoin dead if people can support and convince the government. We can convince a government not to take over bitcoin by giving positive feedback and samples on the use of bitcoin. And improve the security system and increase the usefulness of bitcoin in a system of government in a country.
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'll be expecting lots and lots of useless taxes going to the government and "regulation fees" that just goes to their pockets. I don't want my cryptocurrency regulated because that's the beauty of cryptocurrency. It doesn't require regulations because it is self-sustaining.
the goverment cant litteraly wins over bitcoin, this blockchain technology is decentralized and anonymously. the only way that they can do is spreading FUD to undermine and weaken the bitcoin market. even if the government is able to win the battle against bitcoin communities, all they can do is give strict regulation in their respective countries but not in the world as a whole. and bitcoin users in the country will not be completely dead, they can still do activities through underground, even if it is illegal.
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?
Well what I could say is, this would make the price of bitcoin be stable forI 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?
feeling comfortable with your money in, but this will also include tax and other regulations.
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