WHAT IF the GOVERNMENT wins over BITCOIN? - page 28.

BCTBF

sr. member

Activity: 560

Merit: 257

Quote from: Jacsnuffles on March 04, 2018, 12:34:15 PM

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

Although the government is winning over bitcoin, I'm sure the government only issues a ban on cryptocurrency, the government can not control the price of crypto, because cryptocurrency prices move on demand rather than the users themselves.

Yes, investing in physical property is the best way to benefit from the profits you have gained from cryptocurrency or opening your own business would be much better.

sicnarfkswiss

jr. member

Activity: 84

Merit: 5

Then that would be the saddest crypto news ever, But I dont think the government will win over btc. The only way for them to win is to unite each country with regards to bitcoin. Unity is far from reality. Im not saying that unity is not good what I am telling is that to unite against crypto is the worst thing ever.

tidus_13

full member

Activity: 290

Merit: 100

now officials are afraid of the "effect of Viagra." Viagra was invented accidentally when developing a formula to strengthen the heart muscle. Similarly, the crypto currency was created for the global market as a means of payment, but received an excellent platform for the financial pyramid. Now this is not a means of payment, but an investment tool, and many do not understand what it is, but they want to earn money. The regulator will not do anything that could contribute to the growth of such a pyramid Cheesy

luluninho

newbie

Activity: 1

Merit: 0

it never will Roll Eyes

1BTC EQUALS 1CAR

full member

Activity: 602

Merit: 100

That is what I'm really worried about. They have the power and authority to do what they want and manipulate people that they are doing the right thing. Our only allies are those countries who are in favor of decentralization so I hope they will dominate those anti-btc countries.

RondoAnyar

full member

Activity: 651

Merit: 101

$CYBERCASH METAVERSE

if the government wins for bitcoin I think the government would have greater authority access to regulate bitcoin use and maybe the government could apply taxes to bitcoin owners and more worries the government could at any time close bitcoin

Faxmate

sr. member

Activity: 1071

Merit: 253

Quote from: betent on March 25, 2018, 01:04:46 AM

now the technology can not be defeated in any way, progress will not be stop, crypto anarchists will not allow the state to control bitocoin Cool

For sure you are right because bitcoin is an independent currency and no system and no government can take the command over bitcoin, today people are investing bitcoin but they are making high investment with time bitcoin is being more independent. I think right now there is no involvement from the side of government but as much as time passing bitcoin will increase and just like some countries bitcoin will be legal but it will not affect the price and the value of bitcoin at any cost.

An0nyMoose

sr. member

Activity: 490

Merit: 255

If you don't know then let me tell you that Bitcoin is a decentralized currency. What this means is that no single party controls bitcoin meaning even if the governments ban bitcoin there are going to be nodes running and miners mining bitcoin all over the world and theres going to be at least one country who will be crypto friendly.

xiaohao111

jr. member

Activity: 126

Merit: 5

Quote from: Jacsnuffles on March 04, 2018, 12:34:15 PM

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 it's possible. It has already accepted bitcoin, and the U.S. government is strictly monitoring cryptocurrencies such as bitcoin, which is not prohibited, which is good for the development of cryptocurrency. I don't think the government will completely ban bitcoin.

Jacsnuffles

jr. member

Activity: 211

Merit: 1

If the government wins over Bitcoin through regulations, things from the usual will probably change. Taxes will be everywhere, so as much as we can, save more money or invest with physical properties. Bitcoin will not end, you just have to make yourself be prepared with something unusual that might happen, like getting insurances. And be alert and updated with the price of BTC. Handle your assets well. Especially this digital asset.

rosepetals

full member

Activity: 650

Merit: 100

Financial aid for users: https://bit.ly/2SMY8gi

Quote from: Jacsnuffles on March 04, 2018, 12:34:15 PM

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

Negative feedbacks from the government would make people choose to believe everything FUDs on cryptocurrencies than spending time to do some research if the news,rumors that they see and hear were true or not.Most people will easily jump into conclusion most especially if they were unknowledgeable about it.In that way i can see that government can take control on different news specifically about bitcoin.If that moment came that government wins over bitcoin,it would loss its purpose on the word "decentralized currency"..in the sense that no one could ever control it.Though its impossible to happen but lets put some consideration,bitcoiners would probably go with their regulations but not all.If they put tax on it in terms of cashing out in an exchanger,then lets just take it as a big help to our economy.

betent

newbie

Activity: 8

Merit: 0

now the technology can not be defeated in any way, progress will not be stop, crypto anarchists will not allow the state to control bitocoin Cool

chengyinoing

newbie

Activity: 252

Merit: 0

They can't stop the Internet, and China is now completely stationary, but people here can still trade their COINS.

So don't worry too much, keep up, and the cryptocurrency will be used in every industry.

Jacsnuffles

jr. member

Activity: 211

Merit: 1

Quote from: RedzoneASE on March 13, 2018, 03:39:20 PM

Quote from: Jacsnuffles on March 04, 2018, 12:34:15 PM

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

If this could really happen then I would also prefer to stay in btc. Though government will really control our freedom in crypt but if we still smell the profit then maybe let's just stick on our current situation.

Yes, that's part of my point.

Stay in crypto even if the government will get their rights to regulate Bitcoin. But as much as possible, invest in physical properties also. For we might not know what will be the tomorrow of cryptocurrency. Mind your present "more" than the future.

BettingTips

full member

Activity: 238

Merit: 102

OPEN GAMING PLATFORM

If one day governments take control of the cryptocurrencies, it will probably not fluctuate due to the negative news again. I think the future if the government agrees to control the cryptos, the future of cryptos will be very potential because Blockchain technology is not only applied in cryptos but can be used in many other industries. The future of the industry will probably be Blockchain along with cryptocurrencies.

bbcolex

full member

Activity: 686

Merit: 100

They can always declare that they won over bitcoin, but I doubt they can totally regulate or make every person forget about bitcoin. This certain individuals wanted to control everything that's why they're afraid of bitcoin as they can't regulate and do much about its existence.

butka

full member

Activity: 434

Merit: 246

There is no way that the government can win over bitcoin. But they won't give up without a fight, that's for sure. The greatest power of bitcoin lies in the decentralized nature of the blockchain. Difficult to deal with that. One way to assume control would is to acquire 51% of hashing power, which currently translates to tremendous investment in terms of hardware, and electricity. Even if they managed to do that, which is very unlikely, bitcoin will probably immediately fight back, for example, by changing the algo. The other line of attack could be preventing internet connectivity in some way. The curious thing is, you can transmit bitcoin transaction via a wireless radio emitter connected to your PC if you absolutely had to. Sounds pretty bulletproof to me.

MakeMoneyBtc

full member

Activity: 1092

Merit: 117

It is impossible for governments to completely stop bitcoin because they have to shut down the whole network. The only thing they can do is close all exchangers, all ICO's and spread bad news on the internet that are going to disturb the price a lot from my opinion. It will take a while until the price is going to rise up again but I am sure the bad news will reappear because that is the only way they can get the price down so that people will start forget about bitcoin. It will take a while and it is not going to be easy for people to stay strong and dont sell their bitcoin at lower price and I am not sure if bitcoin could survive if governments would really try to ban it because governments are controlling the world and obviously they are the most powerful thing,speaking about controlling a country and everything that is going on in it.

just_Alice

hero member

Activity: 1274

Merit: 622

I absolutely agree with you, Bitcoin has a big future, but no one knows if the govs and banks accept it and the price becomes more and more unpredictable. It is still worse a risk, but also, just not to lose the game, it would better to invest in stocks, or real estate.

felipe04

full member

Activity: 308

Merit: 100

Here in my coutry we need to register to have license in crypto business but not in taxes so it's already authorized here

If the effect of crypto not good in their economy of course the government will banned this

Another thing this is for smart person so we have different mind if this crypto not good to you then leave even we have government or none

Topic: WHAT IF the GOVERNMENT wins over BITCOIN? - page 28. (Read 2549 times)