WHAT IF the GOVERNMENT wins over BITCOIN? - page 6.

Gulayman

member

Activity: 173

Merit: 10

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

It's unlikely that the government will win the bitcoin because it's a lot of fighting and many people do not allow because bitcoin is in the hope of being a few people so much will let the government win the bitcoin.

samiul12

newbie

Activity: 91

Merit: 0

I think government should not bother about bitcoin because either in cryptoworld or in digital business bitcoin is now beyond anyone reach. Government can bann but they can not stop people using it also they can not control the value or process. So I think it won't be a good thinking by the government to take control of bitcoin.

GeniusAko

full member

Activity: 434

Merit: 117

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

It is not possible! There is no government, companies or person who can defeat bitcoin. The life of the bitcoin depends on its users and I am sure that the users will not let bitcoin die.

fluctuations

newbie

Activity: 183

Merit: 0

If the Government wins over bitcoin: I think the government will issue strict regulations on the use, ownership and sale of bitcoin. It is possible that the government will suppress the development of bitcoin as much as possible.

MudahDanHemat

newbie

Activity: 231

Merit: 0

It depends on the attitude of the government in your country before. If previously the government is very firm and strictly prohibit bitcoin, then the end is user history. it seems the user can not do anything else. If the previous government was very supportive, it would be good news for bitcoin users and enthusiasts. At least the government can impose sanctions and penalties on the fraudsters and invest more safely with government regulations.

fire rab1

member

Activity: 179

Merit: 10

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. 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.

upisdown

member

Activity: 322

Merit: 10

It seems the government will never be able to control the movement and circulation of bitcoin, free-moving bitcoin no one can control it even though the government has worked hard, the government will never be able to control the circulation of bitcoin.

cryptomite

full member

Activity: 304

Merit: 100

I believe winning the fight against the bitcoin can be really hard for the authorities but they try to do everything to destroy the bitcoin like limit its use etc.

lyks15

full member

Activity: 546

Merit: 100

I think government cannot kill bitcoin in one blink on our eye. Because all we know that the people behind bitcoin is very smart specially in technology. And specially here in Philippines it is a free country so government cannot easily ban or kill bitcoin. The more possible thing to happen is government will put an tax or we can say government will put a higher tax to bitcoin to stay it alive and to become legal. So in that case we can say that government is already win against bitcoin because they will earn from us and from bitcoin without doing anhthing.

Chamaplal123

newbie

Activity: 35

Merit: 0

It's not possible whatever happens Bitcoin never loose it's use in black market or dark web. So the price of Bitcoin may decrease but transaction or use will never be stop.

jchav010101

newbie

Activity: 84

Merit: 0

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.I believe that we begin to take in or accept bitcoins and cryptocurrency.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.

Xester

hero member

Activity: 994

Merit: 544

Quote from: Keyboard PC on May 17, 2018, 08:10:08 AM

if the government succeeds in controlling the bitcoin circulation and succeeds in bitcoin it seems like bitcoin will be a place to play the price game to make the people will fall poor again, I hope the government will not be able to master bitcoin.

The only thing that the government can control is the banning or accepting of bitcoin in a certain country. They may even limit the use of bitcoin and sets strict regulations to it. But even so the government can only limit on the use of bitcoin but they cannot have any control with regards to the circulation of bitcoin and its value.

Mr.John19

full member

Activity: 350

Merit: 109

It is normal for the general population to stress if they heard a word investment mostly if they don’t recognize what it is. If the government prevails upon bitcoin, it normal to those individuals don't accept and comprehend the bitcoin. We wish that could not happen to prevail upon the government the bitcoin. This will be an enormous impact on us. Bitcoin has a major future, but nobody knows whether the administration and banks acknowledge it. The last nobody can stop the bitcoin.

troglobait

member

Activity: 154

Merit: 12

if the government wins bitcoin, it will be a worldwide disaster. mozht nuclear wines or something like that. And even in this case, I think that part of the bitcoin will survive. \ because somewhere it is still the Internet of communication

cryptomite

full member

Activity: 304

Merit: 100

The initial problem comes from the new users who start their way from joinging the market without proper knowledge and understanding of how bitcoin actually works.So the government feels the need to interfere because of that and the scam accusations that had place in the market.

Jerson

member

Activity: 154

Merit: 10

For me government won't win over bitcoin. Maybe they will add more taxes on the process of converting bitcoin to fiat but they can't replace it or totally ban it. If possible bitcoin ban in our country I will still earn and work bitcoin where the country legalized it.

badwin8883

newbie

Activity: 30

Merit: 0

Government get tax advantages and bitcoin users get convenience in shopping and so forth.

phelanceter

newbie

Activity: 70

Merit: 0

How good or bad time will tell. It's unavoidable. Believe it there are people who also earn money on this (invest). Grin

Hua cuong

newbie

Activity: 70

Merit: 0

It is difficult for the government to control the digital encrypted currency. The government can only regulate digital cryptography.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: Keyboard PC on May 17, 2018, 08:10:08 AM

if the government succeeds in controlling the bitcoin circulation and succeeds in bitcoin it seems like bitcoin will be a place to play the price game to make the people will fall poor again, I hope the government will not be able to master bitcoin.

There is no chance for them to be in control of bitcoin because if that thing will happen in the future then there is no decentralization thing at the first place because we all believed that bitcoin is decentralized, so if bitcoin is decentralized then government cannot touch it or even dictate it on what it should do to people or what it should act in the market.

Topic: WHAT IF the GOVERNMENT wins over BITCOIN? - page 6. (Read 2516 times)