Topic: WHAT IF the GOVERNMENT wins over BITCOIN? - page 29. (Read 2594 times)
Bitcoin, once again, is descending. And will soon rise again. So unpredictable. We really can't tell if Bitcoin can be the same like the previous years where the dips always happen during Q1 and Q2. It was those years where the government has no issues regarding crypto. It really depends with the number of believers. I am a believer but I want to manage my money well. So, like what everybody suggest, only invest what you can afford to lose.
If the government wins over bitcoin then they will become the organization that will take over the control of the market of bitcoin because they can just make a law or regulation that will give them the favor or the control of the whole thing and there is nothing that we can do but to follow to the orders of the government which is a complete against to decentralization.
Government will never wins over bitcoin. They cannot control bitcoin around the world but they can control it in their specific country, that they can regulate using bitcoins through their own platforms or by building their own applications, so in that way they can regulate bitcoin at their own wills.
If we have enough money, then you can completely ignore the national policy. Even if the country strictly controls the cryptocurrency, we will always have a way to trade. All this is just a matter of power and demand.
Then so be it and let them impose what they really want. But there is only one thing that i think will never gonna happen. "They can't stop bitcoin and the cryptos." They can only regulate it and i am also willing to adopt it. At least, i fell safer against scam ICOs.
I think that it is realistic what governments can do, it is taxing the Crypto currency. To prohibit bitcoin is too late, the more people know about the crypto currency and use it, the more difficult it becomes for states to prohibit bitcoin and other crypto currency. Therefore, for the time being, you need to periodically display your income and turn it into a fiat.
Still, the digital currency won't disappear. The technology behind it is far too powerful to be controlled by big government. Bitcoin will return back to its old role: a collectible currency for tech savvy enthusiasts. Bitcoin itself cannot be controlled but government cant regulate the use of it. they can pass a law taxing Bitcoin transactions
lets face it even though im an advocate for privacy, too many people are being taking advantage of because of the anonymity that exist in bitcoins.too many people are scamming the "less educated" bit-coiners ....monitoring and knowing who is who has become necessary as too many dedicated people are being fleeced of their monies.whilst monitoring should not be necessary we cannot stand by and watch honest people who trying to build bitcoins be taken fools of and maybe even become anti bitcoin advocates because they were scammed and had no recourse.
Part of the reality where people would really go that way when they do firstly experience not so good with bitcoin specially when they are being scammed on the very first place.I do believe that "first impression do last" which means if they do experience bad on the very first place then it cant really be avoided or they cant be blamed if they would go negative with bitcoin.We cant really remove those people who do make advantage with bitcoins anonymity and this is one of the flaws. 
lets face it even though im an advocate for privacy, too many people are being taking advantage of because of the anonymity that exist in bitcoins.too many people are scamming the "less educated" bit-coiners ....monitoring and knowing who is who has become necessary as too many dedicated people are being fleeced of their monies.whilst monitoring should not be necessary we cannot stand by and watch honest people who trying to build bitcoins be taken fools of and maybe even become anti bitcoin advocates because they were scammed and had no recourse.
No doubt that the government are not in control of cryptocurrency and as such seem not to be in support of the currency. If the government eventually wins over bitcoin, it will result to the fall of the currency.
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 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.
Having a decentralized way of bitcoin/currency circulation, I simply think that it will take many years for the government take control of it. It really is hard to maintain the supply and demand of money if the investors have control of their stakes whether they want to sell it of keep it.
Then lots of people around the globe become bankrupt because a huge money is invested in botcoin. Lots of people will unable to exist freely in the society as they sell there houses are many important things to get quick rich. They will definitely disappointed with it. So government should not have to ban it.
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?
It's a good idea. Most people keep their asset into property, gold, etc. But, you have to pay some taxes for them. How about if you invest to another business, like manufacturing, coffe shop, etc?? Even it must pay taxes also, but it turns an economic-wheel. 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 some States, the cryptocurrency already has a legal status.In the rest, there is still the problem of regulation and control. This can prevent the increase in crime of fraud with illegal actions and money laundering. This will help prevent the growth of corruption.The rules can stabilize the cryptocurrency market and stabilize the economy of the state.
There are several news about the government taking actions crypto. Not directly to Bitcoin but with the holders and cryptocurrency exchanges. I believe that it is still for security reasons but we can't deny that it has an effect to the market, at least a little, i guess. It is not FUD, it is a mere fact that the government are trying their best to regulate cryptocurrency on their own way. So what I said from the start of this topic, we must be ready and aware with everything that might happen because of this issue. We believe in Bitcoin, but we must know how to handle our money well. Invest in crypto, invest in real properties as well.
This year really should be a year of regulation of the crypto currency. We need to be prepared for the fact that when entering exchanges and exchangers we will be asked to be identified for the tax authorities, or such a tax will be charged automatically upon the exchange without identification. It seems that sooner or later it should happen all the same. However, there are many positive moments in this, since the crypto currency will be legalized, with a clear status and will be protected by the state. In addition, the ICO process will be finally regulated and possibly fraudulent projects will be eliminated.
I think bitcoin today has reached such level of development that it will be almost impossible for the state to win over it. Especially because some governments actively support cryptocurrencies and bitcoin.
Government can't control bitcoin because its spread out around the world and they cannot dictate any country to make this thing illegal. Some government are now embracing this kind of technology, therefore cryptocurrency will sustain its power in the coming years for sure.
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 agree for the regulation about cryptocurrency if this the way for crypto become legal in the whole world, i think the regulation made by the government for bitcoin or cryptos are how to collect taxes in the cryptocurrency. I don't no how to regulate and control crypto using the new technologies of currency becuse hard to monitor the as awhole the IN and OUT founds using cryptocurrency.
Any government can't win over bitcoin because they haven't such possibility!They can try to make some control using buying large quantity of cryptocurrencies
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