The latest buzz that hanging around and affecting in cryptocurrencies communities in wholesome indicates that Cryptocurrency, in general, isn't matured yet technically, and in term of user knowledge.
Personally, It might sound contradicted with my first statement but it actually isn't. The reason Bitcoin could survive until today and beyond is because the community has a pillar. A foundation of awareness that Bitcoin has a potential to free us from a financial matrix. furthermore, the underlying technologies of BItcoin that support it.
It is indeed governments has an immense effect on the whole world ISP regulations, but the only way to shut down completely BItcoin is to erase Internet from the whole world and burn all the storage that contain Bitcoin blockchain.
Topic: Will Bitcoin collapse by a global government crackdown? - page 9. (Read 1610 times)
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? 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.
Nonetheless, what are your thoughts about this?
Ban by all governments can destroy the price. How do you think mining will be done? So much electrical current will certainly attract attention. In my opinion if the governments wanted to ban, they would. I hope they realize that digital money system is more innovative and useful, and they have been expecting the right time. 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? 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.
Nonetheless, what are your thoughts about this?
Imagine if ancient authorities had crack down on gold/precious metal ownership. they would have been seen as evil tyrants, right? If everyone is lukewarm global crackdown of anything will become a norm in the future.
Well ,I think they will eventually control this things , not ban them totally. It is just matter of time.
Well ,I think they will eventually control this things , not ban them totally. It is just matter of time.
Surely if every government of the world crack down on bitcoin and get it banned it would definitely collapse.
But I don't think it's possible for every country in the world to come together and collectively place a ban on bitcoin
Yes, crackdowns from governments all over the world will make crypto and bitcoin worlds collapse but as you said, this situation is not possible when there are still some governments supporting bitcoin, some governments are always neutral in this event, and when governments are not interlinked, the collapse will not come. In addition, bitcoin and crypto still offer certain benefits to the economy, even useful about technological improvements, and with these values, it can also explain why bitcoin does not collapse, governments do not really want to crackdown it But I don't think it's possible for every country in the world to come together and collectively place a ban on bitcoin
Surely if every government of the world crack down on bitcoin and get it banned it would definitely collapse.
But I don't think it's possible for every country in the world to come together and collectively place a ban on bitcoin
But I don't think it's possible for every country in the world to come together and collectively place a ban on bitcoin
Crackdown means every branch of bitcoin, from individual users to large, registered services are being hunted. There aren't any of those happening, so idk how would that be an issue for bitcoin, especially on the collapse that you're referring to. If anything, regulators and governments are pushing for the legislative bodies to create a regulatory framework to which bitcoin and crypto would fall under, greatly enhancing the protection for citizzens who are using the said currencies.
I'm not sure all the countries in the world are united to crush bitcoin, but what I believe is they are making rumors in the media to weaken the temporary bitcoin so that they can set it in their rules and when they are under surveillance, they will lift up to get the advantage of bitcoin, this is very easy for the government because the media is in their hands
I don't think that Bitcoin will collapse when there is global Government crackdown of cryptocurrencies as the idea of bitcoins came into existence when there was a global financial breakdown, infact Bitcoins has helped the early investors to be millionaires which means Bitcoins has the potential to bring the world out from the financial breakdown and it is common in all the financial markets for rise and fall in the markets, likewise there are more chances for the global Governments to accept and adopt bitcoins and blockchain technology.
I think that the price of Bitcoin would go down, if the all countries started to ban crypto, but I don’t think Bitcoin would be worthless, people would find new way to use Bitcoins.
OP, what it might become is find its own niche among enthusiasts, criminals, and money launderers just like what Bittorrent has become in the age of Netflix. It will be like 2011 again, and from there it can grow one more time. It's an "unscratchable itch". 
I believe some people overestimate what the government can do, and underestimate what Bitcoin can achieve.
I believe some people overestimate what the government can do, and underestimate what Bitcoin can achieve.
The government does have an important role in the development of the crypto world. It can even be stated that when the government makes a decision, this will directly affect the price of crypto. A negative decision will certainly produce a negative thing and when the government makes a supportive decision it will make a positive development towards the direction of crypto development.
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? 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.
Nonetheless, what are your thoughts about this?
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? 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.
Nonetheless, what are your thoughts about this?
First of all it is impossible for states to go to such a ban. How far can you prohibit something that is decentralized and done via a computer?
I think we should focus on solving the energy problem and scalability instead of thinking about such situations.
in my opinion bitcoin collapsed as many governments did not agree to the existence of bitcoin because it ruined the country's economy even though for me if bitcoin underwent that state and its government even though it would be good in its government
The internet is too important for the global economy. As long as there is an internet pipe there will be bitcoin. Governments cannot agree to denuclearisation, they wonlt agree to remove bitcoin
Why would they want to crackdown on crypto when they are and could
earn revenue by taxation? Most countries at the moment treat crypto
the same as any other commodities or shares they get taxes when
it goes back to FIAT.
earn revenue by taxation? Most countries at the moment treat crypto
the same as any other commodities or shares they get taxes when
it goes back to FIAT.
Too far if we think that all governments will ban cryptocurrency because the development of bitcoin and altcoin is too large so that it is difficult to prohibit. For example, we can hear that there are some countries that have banned the use of bitcoin but people in that country still can use bitcoin. The right solution at this time is the government provides regulations for the use of bitcoin so that bitcoin can be much more controlled in its use.
With all the buzz lately of governments cracking down on cryptocurrencies,
90% of this "buzz" has been FUD from people trying to scare newbies into selling their bitcoins so that they could buy it cheaper.Quote
there has been fear among people with regards to Bitcoin and altcoins.
if someone has a fear about a decentralized currency such as bitcoin when it comes to government and their "crackdown" then they didn't understand what decentralized means. they need to go back and renew their basic knowledge which they skipped when they were starting with bitcoin.Quote
As such, what do you think will happen with Bitcoin if all the governments of the world ban it?
same thing that has happened whenever some government in a couple of countries have banned bitcoin= an initial drama with a small dip then back to normal again. 
I think Bitcoin now is too big to ban, but it will come under regulations when it is being used and traded as currency and also as an asset or investment instrument. I think some regulation is needed and some protection for the investors and consumers is good because it means more and more mainstream people will come and have a look at what Bitcoin has to offer. As for the price, it is being suppressed by the whales and big shots, we all know this how markets work. I wish I had known it through last January, then I would not be in the predicament I am in right now. I hope a miracle happens and the tide turns for the better and we see Bitcoin and Altcoins rise again like they did at the end of 2017 but I think we are in for a long Bitcoin bear winter.
On the issue of regulations, my believe is the government intentions are not real as they intend to have a total control over the world of cryptocurrencies were by taken sole aim of tracking/cracking down individuals with huge amount of BTC in their wallet. Government will give rigid and strict regulations on cryptos in order to be in charge, so, Bitcoin regulation will bring freedom to crypto-industry but crack down on HOLDERS. Bitcoin will collapse by a global Government crackdown.
Depends on what you mean by "collapse"; and this is assuming that the governments would actually totally ban it, which I think it's a bit unlikely. Will it drop in price if ever majority of the world governments would ban it? I surely bet it would, mainly due to the panic selling from the people. But would it die? Hell no. If bitcoin were to really die someday, I really doubt that the reason would be due to a worldwide government ban.
Also, I don't think a "crackdown" necessarily mean a ban. It could just mean tighter/stricter regulations.
Also, I don't think a "crackdown" necessarily mean a ban. It could just mean tighter/stricter regulations.
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