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Topic: Will the government ban bitcoin? - page 12. (Read 2138 times)

newbie
Activity: 116
Merit: 0
April 26, 2018, 09:07:12 AM
It could be because it depends on the government will banned bitcoin or not. Because the government thinks bitcoin could have disrupted the country's economy. And the government did not want to take that risk, it's the main factor why the government ban bitcoin.
hero member
Activity: 2030
Merit: 402
April 26, 2018, 08:57:38 AM
I don't think governments will ban Bitcoin in the future on the contrary i believe they will make Bitcoin the only currency. I don't think they will ignore Bitcoin's potential.
full member
Activity: 442
Merit: 101
April 26, 2018, 08:56:45 AM
In my opinion, governments will not forbid bitcoin as it is growing day by day and is spreading in positive direction. I think governments will not try to ban it, but the government will promulgate regulations and tax policies so that bitcoin can be applied to the people of their country. People can exploit and use bitcoin. from that helping to develop their country's economy.
full member
Activity: 354
Merit: 100
April 26, 2018, 08:53:52 AM
Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

Itvis possible that the fovernment will ban the bitcoin because we all know that they are powerful. There aee many coubtries that they ban bitcoin because of the laws that they have. But as I see they are not become successful because even they banned it there's still a lot o f people are in bitcoin.
jr. member
Activity: 165
Merit: 2
April 26, 2018, 08:50:15 AM
Governments all over the world do not want their own currency lose its importance/value against cryptos and they will always try to ban any such system.China and many countries have already declared bitcoin/cryptos as illegal.But still cryptos are surviving .
newbie
Activity: 12
Merit: 0
April 26, 2018, 08:49:43 AM
Bitcoin yet to decentralised cryptocurrency, if any government think that this type of currency threatened their economical activity and can used for crime then they can ban bitcoin for exchange officially not any government can ban bitcoin for privately used.

I also think that if the bad guys take advantage of bitconin to commit crimes, then in those countries the government is going to have a reasonable solution for this electronic money.
newbie
Activity: 19
Merit: 0
April 26, 2018, 08:46:33 AM
no govt can ever ban bitcoin we cant see in near future govt banning and members can access through vpn all bitcoin-based sites

If there are more than 10 governments governing more than 10% of the population do not ban bitcoin, the bitcoin can also be used by other nations. People will use special methods to use it.
sr. member
Activity: 415
Merit: 250
April 26, 2018, 08:44:14 AM
Although there is nothing that can stop a government or central bank from banning Bitcoin.Most would not go that far for two reasons.Bitcoin has no centre to attack. There is no single organisation or person that controls Bitcoin and transactions don't go through a central clearing house there is really no way a regulator can stop people from downloading Bitcoin.
member
Activity: 574
Merit: 12
April 26, 2018, 08:41:54 AM
Governments aren't going to ban Bitcoin now. It has become too big to fail now. Billions of dollars have been invested into Bitcoins. Government isn't going to straight out ban a thing with such a big market cap.
full member
Activity: 730
Merit: 102
Trphy.io
April 26, 2018, 08:39:27 AM
Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

As of now i do not think the government will ban bitcoin as it is also a means for the government to make money. And in the long run they will benefit from bitcoin by regulating it and trying to lokk out for criminals trying t launder money
member
Activity: 280
Merit: 15
April 26, 2018, 08:33:30 AM
no govt can ever ban bitcoin we cant see in near future govt banning and members can access through vpn all bitcoin-based sites
full member
Activity: 1302
Merit: 129
Vaccinized.. immunity level is full.
April 26, 2018, 08:26:31 AM
most likely yes, but it will happen if criminals are already using Bitcoin as their crime

It's possible to be happen to use bitcoin in their crime,  I heard there some people use bitcoin to their bad doing. And there's possibility to government will ban bitcoin.

Use of BTC for crime purpose is just one one reason to ban BTC. The other reason why governments dont like BTC is because it will take the financial control away from governments, as BTC is decentralized and distributed. Many governments have already banned BTC along with other crypto in there country.
member
Activity: 266
Merit: 10
April 26, 2018, 08:09:01 AM
That's that is fully possible, but problem are illegal as any and allow at the following events, each country is another. Grin Grin Grin
member
Activity: 182
Merit: 10
April 26, 2018, 08:04:29 AM
Government should not ban bitcoin because bitcoin price increase day by bay.Its helps the government grow quickly so government can't ban bitcoin
newbie
Activity: 4
Merit: 0
April 26, 2018, 08:03:44 AM
Yes govt has started banning bitcoins and other cryptocurrency. Few Country are also banning the cryptocurrency. If you want to buy any coins from blockchain technology. then buy blockchain assets. it is safe and secure.
full member
Activity: 462
Merit: 100
April 26, 2018, 08:03:10 AM
Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

I hope not because bitcoin does nothing but to help other people who uses or invests in it. Maybe someday tye government would realize that bitcoin is a very helpful platform to solve poverty and unemployment which is one of the major problems in the world.
member
Activity: 308
Merit: 10
April 26, 2018, 08:01:28 AM
Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
I think the governments are aiming to build a country with modern technology that meets the needs of the people. Bitcoin is the most modern technology in the financial industry. The government is seeking to improve its management so that Bitcoin is recognized and used extensively throughout the world. On the other hand Bitcoin itself has many improvements to be trusted by people and no longer worry about the use of Bitcoin to do illegal.
full member
Activity: 462
Merit: 100
April 26, 2018, 08:00:45 AM
Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

With ideas like these, they'll probably follow these kinds of methods in banning bitcoins totally in their governments. Countries would shut off the bitcoin exchanges to prevent trades and movement. The government can even punish banks that allow bitcoin transactions.
hero member
Activity: 700
Merit: 500
April 26, 2018, 07:59:20 AM
Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

What do you mean by "government"? There are already some governments who ban the Bitcoins and other coins now. But in other countries, Bitcoin are welcomed.
member
Activity: 182
Merit: 10
April 26, 2018, 07:54:58 AM
The government will not prohibit bitcoin because it is a transparent system and bitcoin is a free currency that is not responsible for the people
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