The government can not win bitcoin until people didn't use it, we have to use crypto as crypto so there is no tax for it and no need to worry about it.
Recently Germany announced no taxes if you use crypto to buy goods that pair many governments about bitcoin and get ready for the future of bitcoin.
Topic: WHAT IF the GOVERNMENT wins over BITCOIN? - page 3. (Read 2516 times)
First you need to understand what can be called a government victory over bitcoin! I think that the main task of the government is to make anonymous transactions cease to be anonymous, in my opinion this is the most important point. If you disappear anonymity, then there will be speed and cheapness of transactions (in my opinion, nothing terrible)
The government wants to control cryptocurrency all the time. But they fear that its development will be beyond their reach. And they think it will be interrupted for the development of their country's economy. Some governments want to create their own cryptocurrency. I think if the government wins by bitcoin then it will be good for all of us. Bitcoin usage will increase, so its price increases.
Government can either ban or regulate bitcoin. But if government choose to ban btc, it would be at the government's disadvantage while if btc is regulated, government would gain revenue. That is why those who banned btc must reconsider their decision because cryptocurrencies are here to stay and became already part of the financial world. Its technology has been continuously developing and people are beginning to embrace digital currencies as addition to fiat currencies.
It would be more favorable to the government if they wins over bitcoin. The government will have the control over it according to their plans and strategy. They also put restrictions and impose some rules in their favor and for the benefits of the users/investors as well.
bitcoin will banned on goverment days teell.
I can't think to the point of the governments gaining total control over Bitcoin. They can only set some regulations for its transactions especially when integrated with the traditional banking systems. Anyway, if that happens, we will be left with no option than to comply and submit to the tax imposition in order to save the future Bitcoin has for all humanity.
If that happens, we better hope that we already cashed out or have gotten all of the money we have on the internet or all of the Cryptocurrency we have is controlled only by us or the users that can access it. The government is always scared to be put out of place and the governors that govern places that is knowledgeable with Cryptocurrencies will be the ones most affected by it.
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.
I agree we will need to still adopt and learn traditional stocks and real estate properties. Let's face it, it will not be easy for bitcoin to face the government. Bitcoin will need more improvement, adoption, and support. Like Government, it will need time and be built from the ground up.
Government can either ban or regulate bitcoin. But if government choose to ban btc, it would be at the government's disadvantage while if btc is regulated, government would gain revenue. That is why those who banned btc must reconsider their decision because cryptocurrencies are here to stay and became already part of the financial world. Its technology has been continuously developing and people are beginning to embrace digital currencies as addition to fiat currencies.
If this happens I think we should be ready of what happens and we should be ready if cryptocurrency will gone, invest in business or properties so that if bitcoin will totally ban then we still have an investment, because we dont know whats happen in the future. Yes we can say that bitcoin is hard to ban or to destroy what if someday they gonna find a way to totally erase the market? So we all should be ready.
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.
They can't even stop it, because this crypto currency is legal in most of the 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?
Well, if this where going to happen then let's just don't mind it. Although regulation is possible but we could still gain alot if BTC performance will still be the same as of now.
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?
Government cannot win over bitcoin.It is difficult to stop the cryptocurrency and they only can regulate cryptocurrency. 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?
We do not have any real way out of it because if the authorities do decide to control the bitcoin they will do that by any means and if so it may help us to stabilize the value.
The U.S. securities and exchange commission's massive encryption watchdog, ico, is designed to ensure that the ico project does not have a scam! Though there may be some negative implications, embracing bitcoin by the government may also bring forth a development that may enhance its system under the blockchain technology. Who knows, maybe the government has kept some secrets that may soon utilise it for bitcoin's development.
Looking Forward to These in the Future. And i think everyone want it to, For Better Future and To make Life Easier with Bitcoin, But i'm afraid of what banks react about this problem if Bitcoin take over the place.
The U.S. securities and exchange commission's massive encryption watchdog, ico, is designed to ensure that the ico project does not have a scam! Though there may be some negative implications, embracing bitcoin by the government may also bring forth a development that may enhance its system under the blockchain technology. Who knows, maybe the government has kept some secrets that may soon utilise it for bitcoin's development.
Actually with bitcoin banned the government hopes to stop bitcoin, but the opposite is true that bitcoin still exists and it's hard to stop, even though the government is win over bitcoin but I'm sure it will not have an impact.
I really agree with you. I also do something like that. I do not make the world of digital currency to my main business. I still have a major business in the real world. I do it to avoid the risk of unwanted things happening in the world of digital currency so I can still live and have a job. Preferably, for you who make this business as the main job immediately think for investment also in the real world. I do not think negatively about the future of the digital currency world but I just avoid the bad things that will happen. I never know what will happen in the future.
Governments cannot destroy bitcoin itself because of its decentralized nature. However, they can control and restrict its use in their jurisdiction.
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