Topic: Will Bitcoin collapse by a global government crackdown? (Read 1610 times)
Government is the people and the people are government. The obvious truth is that Bitcoin will crumble if the government decides to cramp down on it. But I don't see this happening anytime soon. Bitcoin is being approved by some governments and gaining more relevance. Bitcoin is gaining more adoption daily and has come to stay
For me, I don't think that Bitcoin will collapse by global government crackdown, as of the bitcoin crypto currencues came into existence when there was a global financial breakdown, because as we can see, the Bitcoin brings a huge impact not only in the crypto world but also in the world we are living. Moreover helps a lots of investors to conquer the financial downfall of the community. But I really don't think they will make the Bitcoin collapse.
Government is the people and the people are government. The obvious truth is that Bitcoin will crumble if the government decides to cramp down on it. But I don't see this happening anytime soon. Bitcoin is being approved by some governments and gaining more relevance. Bitcoin is gaining more adoption daily and has come to stay
I think all countries will not impose a bitcoin ban, so thinking that bitcoin will collapse is an excessive assumption, bitcoin will survive and I believe it will happen.
I think it is impossible to prohibit the use of bitcoin as it is our right to use it , and if we do not like it, we will not use it , I think it is unlikely that countries will affect bitcoin , as there are many people who like cryptocurrency and they will develop it It is one of the largest organizations and is considered legal in all regulations. But this does not mean that it can destroy anything it wants. I believe the government cannot do what they wish to with Bitcoin and Crypto. We live in a world with anonymity, they can't control us, and this is great.
Unless you use mixing service to still anonymity, if you still use an exchange who need KYC or anything else related to it then government still have a way to track your assets, your transactions and more. I guess that is a misconceptions that should be change from now.
It would end so easily if all the goverment will ban it. But I think you are not actually looking at the progress being made to cryptocurrency. Yes there might be some sort of a crackdown but this doesn't effect bitcoin. So far what I have known are those cryptocurrency that could have been doing scams are the ones which I think are being investigated and will be banned. There are so many positive updates on cryptocurrency as of this month and I think you just missed some good news.
It is one of the largest organizations and is considered legal in all regulations. But this does not mean that it can destroy anything it wants. I believe the government cannot do what they wish to with Bitcoin and Crypto. We live in a world with anonymity, they can't control us, and this is great.
Yes the other reason even the government ban bitcoin will not make bitcoin collapse is the internet, the government must ban internet if they really want make bitcoin collapse but i am they can not do that it will make the government collapse too because no internet on there. Bitcoin can not be stoped right now and it is good chance to us because soon or later bitcoin will be addopted by mass in the future. 
It is one of the largest organizations and is considered legal in all regulations. But this does not mean that it can destroy anything it wants. I believe the government cannot do what they wish to with Bitcoin and Crypto. We live in a world with anonymity, they can't control us, and this is great.
With all the buzz lately of governments cracking down on cryptocurrencies, there has been fear among people with regards to Bitcoin and altcoins. This is one of the many reasons why 2018 experienced a sharp decline in the value of the whole crypto market, leaving many wonder the outcome of a complete government crackdown towards Bitcoin and other cryptos in the future.
As such, what do you think will happen with Bitcoin if all the governments of the world ban it? Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive?
As such, what do you think will happen with Bitcoin if all the governments of the world ban it? Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive?
No matter how hard, actions taken by the government, but their strength cannot defeat the power of their people, especially the world community. Therefore I assume, as long as bitcoin's still widely used by the wider community, it seems that the collapse of bitcoin's unlikely to be realized, I think this's what makes bitcoin still exist and can survive until now, IMO.
I doubt. If the government makes bitcoin illegal, there surely will be repercussions when using it. And not many people would be willing to risk getting reprimanded over that. A collapse is highly possible. Though a strict crackdown is unlikely. Most governments don't see why such an innovation should be suppressed.
Most probably but it will not be a sudden effect but a slow decline I believe. Since there are still countries that have not yet been penetrated by cryptocurrencies so as other countries start banning bitcoin and other cryptocurrencies, other countries that are not yet into it will just be starting to try so will not really be a sudden fall. But talking about all countries banning it, it will surely die I think.
We already know that the prohibition rules adopted by several countries some time ago successfully made the prices in the market shook and fell very deep. I can't imagine what will happen to bitcoin and crypto if all countries forbid it, it might collapse to crypto ?
With all the buzz lately of governments cracking down on cryptocurrencies, there has been fear among people with regards to Bitcoin and altcoins. This is one of the many reasons why 2018 experienced a sharp decline in the value of the whole crypto market, leaving many wonder the outcome of a complete government crackdown towards Bitcoin and other cryptos in the future.
As such, what do you think will happen with Bitcoin if all the governments of the world ban it? Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive?
As such, what do you think will happen with Bitcoin if all the governments of the world ban it? Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive?
No matter how hard, actions taken by the government, but their strength cannot defeat the power of their people, especially the world community. Therefore I assume, as long as bitcoin's still widely used by the wider community, it seems that the collapse of bitcoin's unlikely to be realized, I think this's what makes bitcoin still exist and can survive until now, IMO.
in my opinion bitcoin won't collapse. because bitcoin has grown rapidly. Bitcoin developers are everywhere. so it will be difficult to tear down bitcoin. and even though some countries reject bitcoin but there are still many people in the country who trade, mine or invest. so I think bitcoin will not collapse because of a strict ban from the government. precisely in the future I think bitcoin will grow further.
Well yes because there are loopholes with bitcoin and one of it is the crowdfunding activities where it was being design and copy from the bitcoin system.
It's not a copy, they have their different platform but they use the blockchain but it's not copying. Quote
In fact these coins can be brought using BTC and even traded it once it wi be listed in an exchange.
Most coins are bought with ETH, it's the king of ICO as most project are build in ETH platform. Quote
At first crowdfunding was good but later on it went so bad that the number of ICO projects related to scam reaches to almost 80-90% basing on report posted in a blog. Thid could be the reason why government will go down and close bitcoin.
But you can't blame BTC for that, BTC is just a platform, to minimize the risk of scams the government has to come in with their regulation, or improve the current crowdfunding system and I see Exchanges are facilitating ICO and that's an improvement. 
Cryptocurrency network is functional through internet connectivity, some form of offline access is possible, but the same is limited. The internet too gets advanced with time, and the next important thing is the mining process which is the backbone to the cryptocurrency network. So, global government crackdown cannot collapse bitcoin.
That's certainly true, mate. Bitcoin is largely flexible as a cryptocurrency providing the means to run it either online or offline. Thanks to its open and decentralized design, anyone can support the Bitcoin blockchain in many ways. Considering all the time that has passed since Bitcoin's inception, it has become harder for governments to act against it. As such, the least they could do is to tax and try to regulate Bitcoin for mainstream use.
Still, if a global government crackdown takes place, people will figure out a way to continue using Bitcoin secretly. Nowadays, all of this is possible with the inception of Tor and i2p. Anonymous and private networks, will serve as the basis for cryptocurrencies if something like this happens.
Nonetheless, everything depends whenever governments are deeply interested in letting Bitcoin grow or all the way around it. Just my opinion
Well yes because there are loopholes with bitcoin and one of it is the crowdfunding activities where it was being design and copy from the bitcoin system. In fact these coins can be brought using BTC and even traded it once it wi be listed in an exchange. At first crowdfunding was good but later on it went so bad that the number of ICO projects related to scam reaches to almost 80-90% basing on report posted in a blog. Thid could be the reason why government will go down and close bitcoin.
As such, what do you think will happen with Bitcoin if all the governments of the world ban it?
Then, bitcoin and other cryptocurrencies will only be used in the black market and for dark web people. Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive?
It will collapse really hard. Surviving of it might be on a low percentage. AFAIK, Bitcoin is largely dependent on nodes distributed geographically. The Internet is controlled by ISPs which are subject to government demands. If a global government crackdown happens, then the growth of Bitcoin and other cryptos might stale for sure.
Wait stale? Is that an adjective for food? If you're not a high profile then nobody in the government will try to supervise you. But, of course, they will eventually control the blockchain in which transaction happens. And they will find out who holds the address of a transaction in blockchain. 
No, bitcoin will not collapse by a global government crackdown. Bitcoin can collapse if the internet would collapse.
The bitcoin network would become unusable if one day the internet will be shut down. I guess there is no person on this planet that could want to do this. His money in the online banks will be lost, his friends would hate him, if the internet will be shut down.
Cryptocurrency network is functional through internet connectivity, some form of offline access is possible, but the same is limited. The internet too gets advanced with time, and the next important thing is the mining process which is the backbone to the cryptocurrency network. So, global government crackdown cannot collapse bitcoin. The bitcoin network would become unusable if one day the internet will be shut down. I guess there is no person on this planet that could want to do this. His money in the online banks will be lost, his friends would hate him, if the internet will be shut down.
No, bitcoin will not collapse by a global government crackdown. Bitcoin can collapse if the internet would collapse.
The bitcoin network would become unusable if one day the internet will be shut down. I guess there is no person on this planet that could want to do this. His money in the online banks will be lost, his friends would hate him, if the internet will be shut down.
The bitcoin network would become unusable if one day the internet will be shut down. I guess there is no person on this planet that could want to do this. His money in the online banks will be lost, his friends would hate him, if the internet will be shut down.
Most probably but it will not be a sudden effect but a slow decline I believe. Since there are still countries that have not yet been penetrated by cryptocurrencies so as other countries start banning bitcoin and other cryptocurrencies, other countries that are not yet into it will just be starting to try so will not really be a sudden fall. But talking about all countries banning it, it will surely die I think.
We already know that the prohibition rules adopted by several countries some time ago successfully made the prices in the market shook and fell very deep. I can't imagine what will happen to bitcoin and crypto if all countries forbid it, it might collapse to crypto ?
Most probably but it will not be a sudden effect but a slow decline I believe. Since there are still countries that have not yet been penetrated by cryptocurrencies so as other countries start banning bitcoin and other cryptocurrencies, other countries that are not yet into it will just be starting to try so will not really be a sudden fall. But talking about all countries banning it, it will surely die I think.
We already know that the prohibition rules adopted by several countries some time ago successfully made the prices in the market shook and fell very deep. I can't imagine what will happen to bitcoin and crypto if all countries forbid it, it might collapse to crypto ? Jump to: