Bitcoin as we all know will attract more users in the coming years even if government plans to go against it. Someday though I really do hope that government will accept bitcoin and make it a legal way to pay someone , like what credit card serves to many now. Many more users will be attracted to it if government accepted it I think and if they go against it, it's price might rise but there will be lesser people that will be attracted to it.
Any time government mentions bitcoin they indirectly get to inform the citizen. Actually I dont care if the govt gets that involve but how she plan to engage it. Starting with payment as salary to workers and encourage stores to accept it but every transaction fee and delay in delivery will discourage people. Except a reliable altcoin can be used. 
Topic: Will bitcoin trap more new user in coming years (Read 3054 times)
As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
I do not see government and agencies coming against Bitcoin because if they do, they had trackdown all nodes and shutdown any possible bitcoin operation like mining farm or store that accept bitcoin.
Governments will become the biggest holders of bitcoin, and manipulate it like they do with gold. A central bank can buy bitcoin or gold at ANY price: they print the money for it, buy it, and consider that they have printed only that amount of money they have an underlying asset against: the coins themselves. Exactly as they do with gold. Bitcoin will become the central banker's pump of value from "bitcoin investors" into their hands, exactly as they do with gold.
Moreover, with bitcoin, they know exactly where the coins are and can follow all transactions.
I wouldn't be surprised if the Chinese government is actually taking in most of the chinese exchange's wallets. That's a big amount of bitcoin they'd offer themselves.
As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
I do not see government and agencies coming against Bitcoin because if they do, they had trackdown all nodes and shutdown any possible bitcoin operation like mining farm or store that accept bitcoin. Government might be trying to regulate Bitcoin exchanges but there is no way this government is preventing people from mining or doing transaction with Bitcoin. As for the adopters, it will always have new comers especially governments all over the world are starting to recognize Bitcoin as legal tender or payment one by one.
That's a good question!
Logic would say that yes because there is no reason for the number of btc users to decrease: no one using btc will stop using it as it's freaking special and useful
But I'd say there will be a real decrease on adoption rate!
Simply because btc first touched the most "geeky" part of the population which is also the easiest to convince about cryptos!
Logic would say that yes because there is no reason for the number of btc users to decrease: no one using btc will stop using it as it's freaking special and useful
But I'd say there will be a real decrease on adoption rate!
Simply because btc first touched the most "geeky" part of the population which is also the easiest to convince about cryptos!
As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
Yes definitely it will if you see the main direct rival of bitcoin is china. I don't about the Chinese as most of them seem so scared when they invest so when they hear so weird thing that it is risky they sell it. But around the world many countries are supporting bitcoins as I saw a news that dubai is investing in blockchain technology and more and more online businesses are adding bitcoin as payment method because of this more people can will be aware od bitcoins and slowly it will keep increasing.
Bitcoin as we all know will attract more users in the coming years even if government plans to go against it. Someday though I really do hope that government will accept bitcoin and make it a legal way to pay someone , like what credit card serves to many now. Many more users will be attracted to it if government accepted it I think and if they go against it, it's price might rise but there will be lesser people that will be attracted to it.
As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
Yes definitely it will if you see the main direct rival of bitcoin is china. I don't about the Chinese as most of them seem so scared when they invest so when they hear so weird thing that it is risky they sell it. But around the world many countries are supporting bitcoins as I saw a news that dubai is investing in blockchain technology and more and more online businesses are adding bitcoin as payment method because of this more people can will be aware od bitcoins and slowly it will keep increasing. 
As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
Yup, definitely it will attract more and more people, investors and organizations into it regardless the price of 1 bitcoin. what do you mean by organization?
things are all about adoption, and it is increasing every day. so it means more individuals are investing in bitcoin and becoming (share) holders of this very limited supply currency.
then there will be services and big businesses coming in offering their services in exchange for bitcoin. like what steam did.
As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
Yup, definitely it will attract more and more people, investors and organizations into it regardless the price of 1 bitcoin. They hate (or dislike) it because they don't have control.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
They can't ban it, and they know it. Because they aware of that, they are going to live with it, but don't know exactly how to deal with it.
They have laws about taxing/money laundring/etc. but it's very difficult for them to control it as they want it.
What do you mean they 'can't ban it'?
All any government needs to do, is to make it illegal for any of it's citizens to transact in Bitcoin, and prohibit their financial system from servicing organisations who are involved in the exchange of Bitcoin to fiat currency. Sure, as with illegal drugs, the population will still be able to get access to Bitcoin should they really want it, but why would they want it if they are living in an economy in which Bitcoin was total taboo?
What I meant (as others pointed out) was that they surely can make it illegal locally. But you can still invest in bitcoin - for illegal and/or international purposes.
Bangladesh banned bitcoin - will they ban goods send through Amazon bought with bitcoin?
Just an example. Ofcourse can they make it difficult for local people, but that's not going to happen globally.
Why did you use trap in the title, and after I saw your post, it doest not mean trap, you should use attract instead.
Actually I am fully believing that bitcoin will surge in the future, we need to promote more bitcoin news and features to our friends and family, it is a kind of investment. Digital gold.
The word "trap" is not really suitable for this one since bitcoin doesnt have any plans regarding on new users. Actually I am fully believing that bitcoin will surge in the future, we need to promote more bitcoin news and features to our friends and family, it is a kind of investment. Digital gold.
Trap means theres a plan on something but seeing on bitcoin i could say that adoption for new users wouldnt be gone because people would really saw bitcoin as a good thing to engage and not to be avoided. 
bitcoin has a very nice adoption growth so far, and it is still growing too. we can clearly see the increase in the adoption in the full blocks, and the number of transactions that are made every day with bitcoin, that shows there are lots more users using bitcoin for transferring money.
and this will continue since there is nothing stopping the adoption and growth of this decentralized money.
p.s. i still don't get why OP has not changed that stupid subject saying "Trap"
and this will continue since there is nothing stopping the adoption and growth of this decentralized money.
p.s. i still don't get why OP has not changed that stupid subject saying "Trap"
development of bitcoin users will certainly evolve at any time. Now even many users use bitcoin as its main means of payment. of course, the government still can not accept bitcoin, they are still frightened by fluctuations the price of bitcoin. but it all does not deter new users, bitcoin continues to grow very well.
The government disapproval is the main reason why the user of bitcoin is only limited. Some countries didn't recognize bitcoin and some is banned it. This is the most factor that people are being discourage to use bitcoin as currency. I hope that the government will adapt so that it will be open to public
development of bitcoin users will certainly evolve at any time. Now even many users use bitcoin as its main means of payment. of course, the government still can not accept bitcoin, they are still frightened by fluctuations the price of bitcoin. but it all does not deter new users, bitcoin continues to grow very well.
Yeah we all know that day by day the number of bitcoin users increase and it is why the price of bitcoin keeps on growing,
And I think it is a good news for all of the bitcoin users cause the more the people accept it the more the other country and other store would accept bitcoin as mode of their payment.
And I think it is a good news for all of the bitcoin users cause the more the people accept it the more the other country and other store would accept bitcoin as mode of their payment.
Saying it that way makes it sound more like a curse if they want to try and use it.
A trap. Sort of like a bear trap?
That is what came to mind as soon I clicked on this thread expecting it to be talking about it.
A trap. Sort of like a bear trap?
That is what came to mind as soon I clicked on this thread expecting it to be talking about it.
As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
I dont think so because most of the news right now that ive read and heard is lot of countries accepting the bitcoin as a payment sort of they recognize bitcoin as a money in their country and i havent heard it yet but we all know that there are one or more that is against with bitcoin but we cant control it well that is a challenge for the new user if they will proceed or not in using bitcoin
As I had encountered that day by day more people are joining bitcoin inspite of its sky rocketing price and day by day more and more government and other agencies are coming against bitcoin so will bitcoin stay alive and will it be able to invite new user in the network?
Yes, there will no surprises that the system which is capable of easing life will definitely attract more people to embrace it. In this digital world, bitcoin must be a right solution for our financial freedom, so like how mobile technology and internet had conquered the world, we can expect bitcoin as the next thing to be part of human life in very near future.
Will bitcoin trap more new user in coming years.
I don't like your choice of word Trap.
No matter what these governments do more people will come into Bitcoin, the world economy is weak and traditional economy can guarantee the usual profit, Gold price is manipulated by government and the only place sure of growth now especially for guys on the mainstreet is crypto where Bitcoin dominate 80% of the market
I know right bitcoin isn't trapping anyone it can be people greed that is making that invest in it if you call it a trap. And also government can't do anything all they can do is ban sites like coinbase , xapo , etc or even block bitcoin exchangers like china is trying to do but they can't do anything unless they use other methods which are against human rights. I don't like your choice of word Trap.
No matter what these governments do more people will come into Bitcoin, the world economy is weak and traditional economy can guarantee the usual profit, Gold price is manipulated by government and the only place sure of growth now especially for guys on the mainstreet is crypto where Bitcoin dominate 80% of the market
Will bitcoin trap more new user in coming years.
I don't like your choice of word Trap.
No matter what these governments do more people will come into Bitcoin, the world economy is weak and traditional economy can guarantee the usual profit, Gold price is manipulated by government and the only place sure of growth now especially for guys on the mainstreet is crypto where Bitcoin dominate 80% of the market
I don't like your choice of word Trap.
No matter what these governments do more people will come into Bitcoin, the world economy is weak and traditional economy can guarantee the usual profit, Gold price is manipulated by government and the only place sure of growth now especially for guys on the mainstreet is crypto where Bitcoin dominate 80% of the market
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