WHAT IF the GOVERNMENT wins over BITCOIN? - page 25.

AVAMONEY

full member

Activity: 406

Merit: 100

Quote from: First77 on March 04, 2018, 11:40:29 AM

It is said now China is a cashless society. US dollar, Euro, UK pound, Chinese Yuan, Japanese Yen, Indian Rupee and others are digital currency when you pay at shops, bills, online shopping by credit cards or debit cards.

Who says Bitcoin is the only digital currency ??

There is Water Filters store (commercial systems also with 10,000 gallons/day pure water capacity) on my Twitter page. See it (below) to know how international payments and buying is done with digital currency.

I like the way you thinking. Of course crypto is not the only one digital currencies in the world. Those governments only made the news about it to push down Bitcoin and other crypto coins to be more widely. But, actually i do agree with regulated of limited ico published, because we have many coins/token in the market already so far, so if there is any new ico that has good project with reliable point offers this should be welcome to the market otherwise i think we not need many new one.

Rinzo

newbie

Activity: 112

Merit: 0

as it is, the government has no control over bitcoin and people are always afraid of what they don't have control over. if they win, lets hope for the best. lets hope they just lay down policies to govern bitcoin just like other currencies and exchange rather than shut it down

Doell

hero member

Activity: 2156

Merit: 531

The government has high funds but they are not strong enough to regulate the cryptocurrencies in which the largest community is bitcoin ,they can degrade the value but it will not go down until it is worthless well besides we have a whale group ready to hold the pain down

Harrisonimo

full member

Activity: 490

Merit: 101

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.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

"wins over"... What does that mean?

Bitcoin is a math algorithm. It treats us all the same. Governments, poor people, "whales", red heads, etc. There is no winning.

patrickreiner

newbie

Activity: 42

Merit: 0

Governments can't "win" over bitcoin as bitcoin isn't owned by any government, it's owned by people. Yes, they can impose regulations, etc, but that doesn't really stop crypto.

DominRx

jr. member

Activity: 238

Merit: 1

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 ..

Sadum

jr. member

Activity: 295

Merit: 1

I am a Junior, sorry if there is a wrong word!

I think the current miner's fear of regulatory issues is a human fear because as miners who have spent a lot of money and heard bad news about Bitcoin, we will be worried, but as smart miners we must follow the news to the end and know what the contents of government regulations. do not let the new we read the title, we immediately panicked and worried without seeing the contents of the news. Wink

Hopefully this Forum can make the relevant government understand what is Bitcoin. Not only make the Regulations A.B and C. in Bitcoin. Cool

HiringYou

sr. member

Activity: 574

Merit: 256

Bitcoin is still decentralized in nature which means that no government is able to control the Bitcoin transactions but if Government wins over Bitcoin all the BTC transactions will be tracked and all the people involved in the transactions will be identified.Government will either declare it as legal or it will declared as illegal.If government will declare it as illegal then BTC transactions in that particular country will be stopped and people will have no way to change BTC into their respective currency.If government declared it as legal then some regulations will be imposed on it. Bitcoin transactions will not be anonymous anymore and they will be taxed also. Not so many fluctuations will be seen in the price and Bitcoin will not be known for it's volatility. Their will be a decrease in the number of Bitcoin users.

flag39

full member

Activity: 364

Merit: 101

Well, The governments control FIAT banks and can effect the price of BTC as long as we need to exchange it for fiat in order to make them useful.
The number of shops accepting BTC directly is insignificant at the moment.

Joushi

newbie

Activity: 80

Merit: 0

Quote from: Jacsnuffles on March 04, 2018, 11:34:15 AM

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? Undecided

I don't think government can stop this as it spread in all over the world and many country people are using it

joykulot

jr. member

Activity: 294

Merit: 1

I wish it won't happen. If the government hold the Bitcoin, I swear the price can be lie. I don't agree to hold the government. There are so many lie processing can government do. If it will happen, we are so sad.

TheGodFather

hero member

Activity: 854

Merit: 500

Quote from: Jacsnuffles on March 04, 2018, 11:34:15 AM

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? Undecided

Technically, and this is coming from only my limited knowledge of the internet and technology the government can only ban some of the networks or hosts and servers that would be comig to them that is why a ban is realistic but I don’t think they can be able to shut down the whole of the cryptocurrency market. I do believe though that with the proper information drive and the correct advertising we can have enough of the community have a voice so that we can also be heard

NoNetwork

sr. member

Activity: 392

Merit: 292

Quote from: Jacsnuffles on March 04, 2018, 11:34:15 AM

~snip~

To be honest mate, you don't have to worry about anything. Yes at first you might will see this as a threat that could affect you as a trader and an investor. You see, in my country, cryptocurrencies have already been regulated. And from my point of view, its not that bad, you might think that they will tax you or anything, but that doesn't the case. Because what they are doing is that, some exchange exclusively here takes some fixed fees, that will depend on the amount you're converting into.

So my point is, regulations are just regulations. They can't prevent them obviously (the entirety I mean, because they also can ban them). Its like, Law, it was created to have order in the country, but still there are people who disobey them. What I mean is, even if there are regulations in cryptocurrencies they will not have the total control over it.

JillClarissa

newbie

Activity: 84

Merit: 0

Quote from: Jacsnuffles on March 04, 2018, 11:34:15 AM

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? Undecided

I don't think the government strictly regulates cryptocurrencies to eliminate them. Encrypt now in the market have a lot of money and have no value, they are liars created to defraud investors' money, the government is to attack the encrypted currency regulation, I think in the long run, it is a good thing for the whole encryption market

anhhung409

full member

Activity: 318

Merit: 100

I think from the present time until the government is in control of Bicoin for a long time. And we can do much to improve it. Or simply can make it better in the eyes of others. Besides, everything will remain secret and safe until the government takes control of it completely. So, I still choose Bitcoin to invest

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: Basmic on March 04, 2018, 11:43:25 AM

We find under a lot of pressure from the States. Governments have no interest in allowing people to freely dispose of their money. All of us are forcibly driven into the banks. Who doesn't have a Bank card now? After the appearance of bitcoin, people get out of control. This is the main reason that governments do not want to legalize cryptocurrencies.

my wife has no bank card so what about that?lol its not about the people may out of control why government throwing everything towards this community,the main reason why theyre doing this is about MONEY because just like real estate and stock exchange,or even casino governments getting lots of money while here they cant because of the privacy and the anonymity weve got here.

eelectrick

jr. member

Activity: 217

Merit: 1

Well if that happens, a new order in cryptocurrency begins. Regulations and prices are least likely the center
of all our concerns and worries. Little by little bitcoin will lose or begin to tarnish it's decentralized feature and
taxes will surely be imposed. But still regulation is where it's headed, it's only a matter of time. More countries
I believe are beginning to take in or accept bitcoins and cryptocurrency, this may be the first baby steps in the
global regulation of bitcoins and cryptocurrency.

JC btc

sr. member

Activity: 770

Merit: 253

Quote from: Rotsor on April 07, 2018, 11:24:50 AM

The governments can never win over Bitcoin. Even if the governments implement KYC requirements on all exchanges, as long as bitcoin is sold for cash they cant trace the transactions. The decentralized nature of Bitcoin is whats its savior.

They cannot win over it because bitcoin can never controlled by someone or a third party what the government can just do is to implement tax on exchanges so that those who are gaining in trading will forced to pay tax on it, but which for me is just a normal.

Rotsor

full member

Activity: 309

Merit: 102

Presale is live!

The governments can never win over Bitcoin. Even if the governments implement KYC requirements on all exchanges, as long as bitcoin is sold for cash they cant trace the transactions. The decentralized nature of Bitcoin is whats its savior.

Topic: WHAT IF the GOVERNMENT wins over BITCOIN? - page 25. (Read 2594 times)