Bitcoin Forum

I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.

For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.

What is your opinion about this? Could the government do this?

https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/ (https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/)

In other words you are saying the bitcoin will be controlled by a single power?

Seriously! What is wrong with you people? When you see a sudden fall then you lot start to panic and forget about this that this kind of things happened thousands times with Bitcoin but still it had 20,000x gains against this shit dollar currency.

You people really do not deserve bitcoins. If you are not okay to hold your coins if the price goes down to $1k (which is highly unlikely) then you people really do not deserve to see bitcoin price to have $100k against this dollar shit.

The government cannot do this because we have seen a lot of examples ,
Let's take the example of Korea , they attempted to ban Bitcoins but after a while when they realized that it is going to be there even if they want it or they don't , that was the time they took charge and started regulating Bitcoins instead of banning it.
Because they can't just check and control each and everything it's the people only they are employing and it's the people only who is supporting Bitcoins.

No way any government can stop bitcoin because they don't control bitcoin and honestly this does not make any sense because we have come across so many speculations and news like this in the past and I know there will be some more negative posts due to recent market situation.

I think the government couldn't do that for the simple reason simply because they should've done it a long time ago if they could but looking to what Bitcoin's price it turns out to the price that we never imagined. The government can do something about the market like they can restrain their people upon using but this can never be stopped since Bitcoin and other cryptocurrencies are anonymous, in other words, it cannot be tracked down.

no government can stop bitcoin or control prices, if indeed the government can control bitcoin why didn't they do it last year when the price of bitcoin rose so high that it really threatened their fiat finances but why didn't they do it? destroy bitcoin At that time, I thought the person who could do that was Satoshi Nakamoto because he was the creator of bitcoin.

No one can shutdown decentralized system. But this can slowdown of development and adoption

Wow I guess that could be one potential way to attack Bitcion and cryptocurrencies a like. Another and more efficient way would be for the all of the Governments and banks to simply go through congress, lobby against Bitcoin heavy, then create new policies that stop the conversion of any cryptographic currency into fiat. How then will one expect to cashout? If you can't trade you digital coins for real fiat, your practically screwed! What could you do if all of your wealth was tied up in crypto and then you could no longer convert it? many would lose the shit off of their backs.

Bitcoin has been existing for more than a decade, but it is still existing, each government are almost in favor with Bitcoin but they can't do anything to stop it, in fact the word of Bitcoin has risen and the demand for it is continuously rising, so the government can have no power to shutdown it, because if they have, they must have been done it before the mass adoption.

Agreed, controlling the market price of bitcoin would not be an easy task, depending on supply and demand if the market.
A lot of news in the market and speculation could easily be throw on the internet to affect the bitcoin community and bitcoin investors.

I doubt that people will lost interest on bitcoin. I mean it has survived its first 10 years with a lot of bumps and test along the way. But bitcoin already proven that it is so resilient with this kind of attacks. And remember that the market is open 24x7 so how can you shut it down? And if the price of bitcoin goes <$1k? I'm sure a lot of us here will be a bagholder.

What's with your timing, dude? The article was published 3 days ago yet you decided to share it here right when the market is in panic mode, blood on the street, and the overall sentiment is bearish...You trying to spread more FUD or what?

Seriously, these type of dumb clickbaity articles are completely unnecesary right now, we get one of these (crackdown on cryptos from X govt) at least twice a week.

Calm your nerves  :D

The market is ok.

Well said, i'm not underestimating bitcoin's power but it is possible that government is also capable on doing it because of their power and if they want to make it happen then I think it they will have some struggle regarding on shutting bitcoin down because were still here who keeps on supporting and believing in bitcoin and we are not allowing it. There are some governments who have realized the potentialities of bitcoin that is why some of them are not against it because it can be beneficial to them and into their country. Bitcoin adoption is improving day by day and bitcoin had overcome different problems and challenges in the past that is why it won't be easy for them to do it.

some countries hate and prohibit bitcoin, maybe even there are some who try to stop bitcoin, as we see now bitcoin is still running, it shows that they can't stop bitcoin, Upward and downward trends are common in trading, maybe if the price of bitcoin becomes 1K many people will buy bitcoin as a long-term deposit.

They could probably ban it's use like mining and trading, though i doubt there will be an absolute effect. People will find ways to utilize bitcoin and it may thrive in underground and black markets. At this point, i don't think it can be shut down entirely anymore. Just look at china. Slowly, it's loosening it's stance of crypto after being against it in the past few years.

Ok, so how do the governments explain the use of taxpayers money to crush emerging technologies that would create new job opportunities and revolutionize the financial industry? Do you think when this gets exposed, people would run to the voting booth to vote for a government that would use their tax money to crush the "People's Money"?

Also, do you think it would be enough to crush only Bitcoin? What about the 1000's of other Alt coins that are out there? You know it will take a lot of money to crush all of them..right? You also know people can quickly move from one Alt coin to the next, if they get wind of this.  ;)

Nah, no government would be stupid enough to do that, it would be like burning money without any good result. We went to $3000 in January and look at where we are now.  :P

WHAT THIS INSTEAD

https://www.reddit.com/r/Bitcoin/comments/dzgb3m/many_people_still_think_that_bitcoin_can_be/

I don't also really know if the government can shutdown bitcoin for now because as we all know that the government has the power to control everything so maybe there would be some sides of bitcoin that can be controlled by the government or they can really ban bitcoin mining if they want to, but the banning of bitcoin trading? I don't think so because people can always trade anytime they wants as long as they have the internet connection and etc. Maybe the government can shutdown or will make to have restrictions in order to choose who only can access the trading platform and etc.

I don't know why this kind of articles suddenly pops up with the price of bitcoin is going down. Coincidence or FUD? Your guess is as good as mine.

If governments such as US and China (mentioned in the article) would love to shutdown bitcoin, they wouldn't let the price goes on $20k in 2017, they would simply stop it at this point and ban everything related to bitcoin. But they didn't, so I doubt that there are plans in place or if even those two governments really wanted to stop bitcoin as this point and crashed the price to $1K.

Actually that crypto news site mentioned in the OP have a reputation to publish articles that aren't consistent and don't have factual data to support it just like the example below as quoted from that article:


The statement above don't have credible reference or anything that will support it as to where that writer got that idea that I assume that story was just fabricated or in short, its all "fake news!" ;D

If the price will be within $1000, then Bitcoin will be easy prey for whales who will buy thousands of coins at the wholesale price, thereby launching the growth of the coin up. The government will not likely be able to control this

All they can do is buy person to person, so we can still sell our bitcoins and keep using them. And I think governments will find it difficult to keep the bitcoin price at $ 1,000 and even if they print more money it's still useless because bitcoin holders will not allow the government to destroy what Satoshi has already started.

In what sense people will lose interest when BTC stays below $1000?
Didn't you consider the adoption happening here, in the gambling industry alone, we can already see a big demand of bitcoin as most of the gambling sites are accepting BTC and gamblers trust BTC more than altcoins.

Please remember that not all users here are investors, some are just using crypto as a tool for fast and cheap online transaction, and one thing, BTC died many times before we even reach $1,000 and it was good that time, so I don't think price is really an issue here, and lastly, how can the government manipulate the price if they are not the whales?

I don't know why this idea would even be an issue. However, i don't think this idea will work. How come a single government can manipulate and control bitcoin's price? Unless all countries or bigger countries would agree to shutdown bitcoin that I doubt they would even do.

The funny thing that really puts me off is that they think upon all the debts that these developed countries owe each other you think they would worry their heads on spending their scanty dollars on trying to keep bitcoin down? Oh then they have a big amount of money to do that lmao. They would rather use it to pay off their huge debts.

I guess it's high time we told some folks if their hands are too itchy to hold their bitcoins then can send it over to theymos address is for forum development and other important stuffs.

I think more of the way this will be possible is if a good quality of Bitcoin are being purchased and manipulated by the government but it will cost them so much. I was thinking the only way governments can shutdown Bitcoin is by banning it and putting a strict threat to anyone who use and purchases it in their country.
Moreover if the price of Bitcoin go down to 1k, a lot of people will panic terribly .

I think they could do this kind of trick in the market but it is not going to be easy also they cannot control the supply and demand at the same time in the market.
For me the government cannot control the bitcoin even if the bitcoin market price stay in 1000$ for a long time there is no guarantee that bitcoin and investor is not going to be interested at the first place low market price of bitcoin is the one that attracts more investors in the bitcoin, because it is a good opportunity for sure to invest in bitcoin.

I don't think it will be possible if only a few governments do that, and certainly to make it requires a lot of funds and devious methods. and it takes a long time, so the conclusion will not be possible because every government in a country has its own idealism

Do you think controlling Bitcoin's price is in goverment's hand, not its not then how come any government can bring Bicoin price to $1000. I do not say that Bitcoin can not have $1000 price in future but that will not be driven by any government. Bitcoin is still strong and driving the whole crypto market, it seems difficult that Bitcoin price will go much lower. The people who really know the benefits of blockchain technology wil not sell Bitcoin at low price.

I don't really see how they are going to do that.

I thought it was completely pointless. When one person sells a bitcoin, another will buy it. Through the timeline of bitcoin we can see that there were two large price drops that were at $ 1200 in 2013 and $ 20,000 in 2017, but then bitcoin continued to increase. Currently, bitcoin has been accepted in major countries around the world, the education program of major countries has put bitcoin and blockchain technology into the curriculum, a number of television channels showing movies on bitcoin and blockcahin. That means it is impossible to kill Bitcoin.

They will not be able to do this because bitcoin does not depend on any particular country.

The government cannot regulate the price of bitcoin because the crypto market price cannot be regulated by anyone, I just assume the government only gives FUD news so that many investors no longer trust it and it is reported that bitcoin will be closed.
Remember the development of technology continues to grow so that in the future bitcoin will always be used in any transaction, including the government will use it.

The answer to this is simple: Can the government shutdown internet? See them try.

They can become annoying and block access to it, but they cannot truly shut it down.

To manipulate bitcoin's price, you'd need an ever increasing amount of money, you would be effectively burning your reserves, and no government could sustain this, not even a coalition of governments (or all of them), and they know, therefore they won't ever attempt this. Its suicidal, the only result of this would be: collapsed economies, and Bitcoin happily running alone.

Btw bitcoin doesn't care how much fiat is exchanged for it, its an "out of code" thing. To bitcoin it matters not what price it has, it still works perfectly fine. The value is given by the free market. Rich people (even sovereign States) can try but they would be overwhelmed.

The sole goal of "keep it at 1000" is unfeasible. Go ahead, see them try, let them dump all coins they have, that fluctuation would correct itself faster than their whole effort sacrifices their entire economy. This is why socialist style "command economy" mindset in the end always fail, you just cannot govern the market by executive decree. Its exactly like when Mugabe made inflation illegal in Zimbabwe, i don't need to tell you what happened to their national coin after that. They tried the same thing in Venezuela with identical results.

In fact, here is a nice book you can read for free: Forty Centuries of Wage and Price Controls: How Not to Fight Inflation (https://mises.org/library/forty-centuries-wage-and-price-controls-how-not-fight-inflation) The common denominator in all the history of humankind rulers is, when they try to govern the market it always results in the same: failure.

One would think humans learn from their own mistakes, but alas...

 They can manipulate the price of the bitcoin to the $1000 price and it will only encourage experienced investors into buying more when dip but I don't see them gaining anything from such act and the last time they have many important issue to handle rather than focus on bitcoin which will also cost them billions of $.

I think government cannot shut down bitcoin why because bitcoin runs in internet and also in computer so no one person can stop bitcoin. Maybe if internet all over the world will shut down bitcoin can stop. And the price of bitcoin cannot manipulate because its base on how many investing in bitcoin and also how many can used it.

The problem is the government has no control on bitcoin, so they can't dictate its price, if bitcoin will stay below $1,000, that would be bad for investors who both during its peak and until now but people will still be interested since we have been seeing adoption on crypto.

Personally, I use crypto to pay bills and of course use it in gambling regularly, so there are still demand from people like me, and that is regardless of the price.

The governments wouldn't give that much time and attention towards bitcoin since they have to focus on more serious problems their country is experiencing. As you can see, most countries still don't see cryptocurrency as a big deal and an issue. So how can they'll be going to shutdown bitcoin? Maybe in the future if bitcoin becomes a major threat to the government and banks.

If the scenario above, then the way the government must also hold a huge amount of bitcoin, then will have to sell off. I wonder which government in the world wants to lose billions of dollars to stop BTC, and what is the benefit of that. Moreover if the government holds BTC will make investors more interested in btc.

Government want to shut down bitcoin as legal currency transaction because to keep many people not invest with bitcoin and altcoin, they afraid when many people move money from bank to bitcoin assets, although bitcoin can increase people assets investment but government looks not agree bitcoin become legal currency payment in their country and try how to make their people dislike with bitcoin.

In my own opinion, government could really shutdown bitcoin if they really wanted to stop bitcoin and other cryptocurrencies because they are powerful enough to control the world of internet and shutdown everything related to crypto. But for now, there is a low chance that bitcoin will be shutdown or be banned all over the world because there are a lot fo countries such as US, UK, Switzerland, Australia and so on who legalized crypto transactions.

Let's start by saying that even if the govs succeed with keeping the price below $1k, it would not mean the shutdown on Bitcoin. The community would shrink, sure, but Bitcoin would still be alive. Shutting down Bitcoin is impossible because it's decentralized. That's one of the reasons people value it. Now, let's turn to the article. It's basically based on a tweet, and it does not make much sense to me. First, to dump the price so low, a lot of money would need to be used. Is it worth it for governments? And I am not even sure someone would succeed anyway, because if they try dumping the price, there will be people buying it as well. It's a free market, it's not that easy to manipulate it. Finally, there was a thing about miners it's the article. I think it's nonsense. Some miners will leave the business if the price goes down, surely, with the difficulty rate will simply adjust and the rest of miners will be fine.

They could do that but it would take a lot of resources, the way i see it is that they could impose some huge taxes on the people who are investing on crypto and the exchange company, so that it becomes unprofitable with how the market and the price change, but as i said that requires a lot of resources and a lot of effort, and how governments already tried to shutdown bitcoin when it went to the moon is by setting regulation and influencing the media to give a bad reputation for bitcoin.

its really simple to said than done. in my opinion, the government can only ban bitcoin in their country by not using it but stoping bitcoin is nearly impossible even they ban it in their country. bitcoin transactions will continue as long as there are some miners and some people using it in another country.

Governments always have a close look over the change in the market of bitcoin. Every government isn't against cryptocurrency or bitcoin which means just those countries can't join together and ban the usage. Maybe this will get banned on those specific countries and not on the entire world or rest of the countries where governments support the usage of bitcoin.

because every government in the country has different thoughts, maybe those who accept it because they see the potential of existing technology or other things. bitcoin does receive a lot of opposition but I'm sure there will be a place for bitcoin to develop its technology

Exactly, people are really fooling to panic when bitcoin like loosing 1k or 2k$ in just a few days, I meant I bet that there's a lot of people who didn't deserve to be here and they're just dumb who only invest in bitcoin and then they're just starting to panic and even exchange their bitcoin to fiat again when they're seeing that bitcoin's price falling again. I meant that's should be expectable because we know that bitcoin always fluctuating during the years.

I just laughed ;D

Since when government has the possibility to do that. Only if they would sell every satoshi.
And government doesn't even have those kind of big amounts....

It's funny that people continue to make these type of topics just because of a price drop, you serious? :D
Stop the panic attack already it's and will always be like this.

Also Bitcoin a.k.a. crypto is decentralized meaning it's not controlled by a single entity.

The price is such a stupid metric, we had Bitcoin markets when the price was below $100, why someone things that going below $1,000 would somehow "stop" Bitcoin? People who use Bitcoin to get full control over their money don't really care that much about the price. And it's impossible to make Bitcoin go to zero, it has inherent value, so no matter how hard you try to crash it, someone will pick it back up.
Governments can disrupt Bitcoin by banning it, and it would quite annoying if they do, but they can't stop it, everyone knew it from day one.

I also read this article fully but some point was very ridiculous in my point of view. How government able to stop the BTC or Cryptocurrency industry? My answer in a word it's just not possible never and ever. Because in any single people can not control this crypto space. Government can banned Bitcoin for in the specific country it's the highest power adopt by government.

You guys should listen to Andreas Antonopoulos more often. He explained well why governments can't shutdown Bitcoin. You can't stop it at this point only the market that is made of its users and holders can stop it by losing interest and moving to something else.

Many new inventions were abandoned after some time and governments had nothing to do with their fate.

The proposition of Just short it. Keep it under $1000 for a long while is not even a trick and it can be performed only in dreams, how about the millions of funds to short those market and how long they will be exhausting their economy when majority of the countries around the world has huge debts, if shorting was a real thing to destroy a market, then you could have seen in the stock market already where US will short the Chinese stock exchange rather than implementing trade restrictions  :P :D. The author of the article does not have any idea what she is talking about, she found a tweet and compiled an article without thinking :D.

If the government could be able to shutdown the entire bitcoin ecosystem, they would have done that in the early stage of Bitcoin's life in the financial space. The Bitcoin ecosystem is made up of all individuals in the crypto space and people who own Bitcoins. Bitcoin does not have one particular source being the central brain of the entire blockchain network. Once you join the bitcoin space, you automatically become part of the entire universe of Bitcoin. Due to this nature, it will be very hard for the government to shutdown bitcoin. The only way will be the shutdown of the internet.

In the first place, how could Government could bring the market price of bitcoin lower down to 1000 dollars? Are they gonna buy the most volume of Bitcoin? I guess not. They cannot bing Bitcoin down, as Bitcoins support comes all over the world and it needs majority of the country's government to shut down bitcoin disallowing people to utilize Bitcoin would be the key, but people will surely find their way to utilize Bitcoin. Thus, making it invulnerable to be shut down.

They don't want people to have their own banks because government don't have benefits from it. In a past years they still attacking bitcoin even they saying it in positive way. that's their propaganda to attack it back and make people believe and lost its interest when time passes. so we should expect this will happen soon and we need to be ready on what move they can do to fight bitcoin.

As long a out of control government greed and corruption continues to print fake money the demand for real truth in currency and p2p commerce will incease..As will the price increase correspondingly.

Price of bitcoin goes down and all investors will be coming in again to buy a cheap coin where they could hide their money for tax evasion.
Simple as that.
They should just let it be with a high price so that those rich people who want to buy bitcoin will be scared off since the price is volatile.
It will give them the chills if the price suddenly breaks down.

So why kill bitcoin, let it have a larger price.  8)

Very easy for government want to banned bitcoin although nothing fault make by bitcoin investor, look what happen in China when they have banned using bitcoin as legal currency and not available for their people have investment in bitcoin, the same problem happen with India have banned using bitcoin and close all exchange bitcoin market available there.

It's just a lame query, You are a full member of this forum so you have to know at least who can control this Bitcoin platform or not, It's sad but true that when the price started falling then a group of people started talking about the potentiality of Bitcoin, it's not a good practice at all, You should know that Bitcoin is not controlled by any single person or organization, No one country or government could handle this price or this platform, So how can a government pushed the price under 1000$, That's a ridiculous thinking, You people creating a panic situation but it would not be harmful to this platform because most of the people know the actual facts and finding of this platform.

As long as bitcoin have value , there can be no one that can disrupt bitcoin, or even shutdown bitcoin, if the value goes under 1000$
still bitcoin wins why because bitcoin price since 2009 versus today is still a win, situation, and it will only make bitcoin enthusiast to buy more
the lower the price the better, since the price is lower there is a possibility to go up, because the government  can't stop the trading for the crypto currency
since they allow trading, remember this trading company pay taxe's and when the government get taxe's its good for them there is no way for them to stop it

in market expectations, someone creates a fud because they know the real conditions, after they buy at a lower price, then they will give the opposite news, the government only wants to control the supply when they take assets dominantly. If bitcoin is pressed below $ 1K suddenly, many people will become increasingly aware of the benefits of bitcoin through news that is spread from active holders outside the government.

As bitcoin is decentralized no government can ban it. Until and unless people stop using it government can't do anything with this.Yes there are pumps and dumps in bitcoin go check bitcoin chart how much it is increased and decrease.

So price control is what you are saying in order for the government in order to shut down bitcoin? Let users lose interest and hope in it by dumping its price to below $1000. That will cost the government a lot of money and time in order to do that, not wise for the government.

And after people lose interest on it, they will sell right? :D.

Investors like these are the stupid investors who didn't know when to wait when prices are going down. Fuck the government if they will do things like this. Many governments are either neutral or supporting cryptocurrencies. If price of Bitcoin goes to 1k again (if it will but I don't think so), then more and more investors will invest their money making the price of Bitcoin rise again.


4 words for this. IT WILL NOT HAPPEN.

I'm not saying that Bitcoin will not go back to $1000 again but I don't think that there is a chance that it will go to that price again and if it will happen like I said, more and more investors will invest in Bitcoin making the price to go up again.

People need to understand that the only metric that matters long term speaking, is the bottom to bottom development. Thus far we have consistently had a higher bottom, so purely based on that, we will not even see $3000 back. Focusing on the peaks is just retarded because that's indicative of extreme fomo and hype. No market has ever sustained prices reached during such cycles.

It took a while for people to finally give up on $100 to ever be reached again, and now we have to wait for people to give up on $1000 to ever be reached again.

I don't even think an implosion of tether can get the price to sink that low. We have had nearly two years to shake off sellers between $20,000 and $3000 and most of them have been shaken off. Wherever we end up bottoming in the forthcoming months, it will be well above the previous bottom.

I think this won't happen because market have natural ways to handle this.
If there is demand to buy/sell market reacts in a way it stops too sudden price movements.
Then people would realise what is happening, who is buying/shorting and why, they should act in opposite way to balance things.

Thinking the same, because bitcoin is just like the internet the government cannot just shut it down.

If you think about it a large transaction in the market could easily affect the market which the government could possibly do to affect the market.
But they cannot increase the supply of bitcoin in the market.

They could always sell it if they want to. I see nothing that surprises me because I don’t really find it unusual. Bitcoin and any other cryptocurrency do have high volatility because it is very unlike in the stock market especially when compared to gold which the prices are a lot stable because of the volume of the market and the cryptomarket had not yet achieved that kind of massive volume in the market for the prices to be stabilized. There are a lot of pumps and dumps lately but in the long run we are sure to profit and the cryptoworld.

The government body was only specific on their rule of law on a certain country, and with bitcoin's issue, there's no binds between them. Government is only focused on centralized banking system, that's why with bitcoin's independent character; the banning idea only affects for their citizen. But the whole world still remain solid and vocal that cryptocurreny will always be their preferred asset that can sustain for such a long time, which can be more potential than any physical asset like gold.

So basically the way government if they want to shutdown bitcoin is they manipulated the market by controlling the price steady at $1000 but i think it's not simple such as that because if bitcoin can shutdown easilly then it's already done from several years ago and bitcoin already died because i'm sure some of countries in the world attempts to shutdown bitcoin and failed and government indeed can minimize access to the people to used bitcoin but to shuttingdown it i think it's cannot be done

I don't think it's that easy. Are you sure, the government can hold the price of bitcoin at $ 1000? no, because the price of bitcoin is free. it is determined by the users, it depends on demand and supply. not the price set by the government. maybe the government can ban bitcoin, but can't stop it.

I do agree with OP. Shutting down Bitcoin isn't an easy task, it has already grown and is resilient to such manipulation. One man cannot put negative pressure on the prices constantly to keep it under a thousand. Several holders are there ready to buy in because they know in themselves that Bitcoin is worth something. Total censorship by the government isn't also gonna affect Bitcoin and transactions would continue pretty much like an underground trading, since Bitcoin surpasses banking traditional regulations, privacy, and fees.

They could especially USA. governments can do anything they want within their territory if they want to ban bitcoin they will ban it if won't they won't ban it it's just how the way us ordinary citizen wouldn't do anything about it. But still bitcoin will go on it will just it's price and it will turn back to normal and of course people will have to VPN to just buy and sell  bitcoin.

Considering the fact that bitcoin is a decentralized currency, manipulating its value could be quite impossible I think which means the government will surely have a hard time on controlling its value into 1000$. Another thing, bitcoin's system is well organized and breaching in would be impossible because if it is, then lots of IT experts could have hacked it in to gain lots of money so that could be another struggle for the goal of shutting down bitcoin I guess. Bitcoin is a powerful coin, you can never underestimate its capability and system so it would be best if we would just avoid thinking about the feasibility of having bitcoin shutdown by the government.

That is ridiculous. A government can't do this, because they will be wasting a lot of national financial resources to dump a digital currency that can be pumped on the next second by any other person or group at any random place in the world.
Governments can only shutdown bitcoin through regulations, although you are right, as there is the vpn option, people can continue using it at their own risk.

Its a very cheap trick and it has very low of success rate, if I were the government's the best way to shutdown crypto currencies are to make it illegal and anyone who are still in it will be punished or put into jail.

Some countries are doing it but this scenario will not happen to all the government's as not everyone has the same reasoning as other government's are legalizing also bitcoin which is opposite in banning it.

If any biggest riot rise against government means they might be shut down but none can stop the the operation of blockchain and cryptocurrency. If you think that Bitcoin value can rise or fall!
It is reasonable and we can understand that volatile nature made you that but shutting Bitcoin not happening even in the dream.

There is no goverment that has power to control the price of Bitcoin and lets say that even if they did lower the price under $1000 for a long time, how sure they are that people will lose interest in Bitcoin? and what if some people take this as an opportunity to buy large amount of Bitcoin then the demand increase as well as the price so that kind of thinking will not work.

You're absolutely right. If the price really falls, then we will run to buy more and more bitcoin. We are a huge community that is getting bigger every day. They simply cannot control the price.

They could ban Bitcoin in their country but they could never shutdown Bitcoin.
And it isn't simple and easy how do you think they would make the price drop below $1,000 again?
And if it ever reach that low again do you really think that they could maintain it that way?
People would grab their chance to buy it back for sure.

Lol these decided it's too easy? If the price will be about 1000k, I will be the happiest human in this world. I just go buy more btc and more! And then, it will up to the sky coz there re so many people like me.

Exactly it. Do they think stabilizing it will kill it? Why would that kill it? More people will invest. It is a much better way to pay and these fools are losing the point entirely.
They should all just sell their bitcoin and be over with it. They do not use it for what it is meant for and always cry when the price goes up. They think everything will be 100% all the time. Impossible.

I don't think that governments could take down Bitcoin. To do that they would have to shut the internet. Even if the governments criminalize using and mining Bitcoin the price would skyrocket and Bitcoin would become more desirable than ever. Even if the government tries to control Bitcoin price I don't think they would succeed.

The point is because the Government is powered by people, and cryptocurrency and Bitcoin is also powered by people. If Government will try to ban or shut down bitcoin, people will lose trust to cryptocurrency. Why should a government stop an asset or technology when it provides allot of benefits to their people? Soon they will support it and implement its security once they figure out how crypto could contribute to their country. But will never ever have the capability to shut down crypto especially Bitcoin.

The government actually will undertand that it would be better to give in to their greed, and be miners, and HODLERS. 8)

Why don't you think governments can easily shut down bitcoin but they simply think this is unnecessary and has no benefit to them? Banning or disabling bitcoin are all jobs within the power of the government when they own a series of genius brains, even smarter than the person who created bitcoin. However, governments are still more interested in their interests, the benefits of the economy with bitcoin, a lot of mysterious relationships and tacit cooperation between the government and people involved in bitcoin, the shutdown of bitcoin will destroy the hidden benefits and promote many economic problems

If they really want it, they will do it, very quickly.

lol if the government can control Bitcoin then surely they have done this the very moment,but its not the thing no single entity that can control bitcoin.
lol  in your dreams  ;D

The government can't do that, and to be worth $ 1,000 worth of bitcoin the government needs to buy all the bitcoin 15, million BTC or 10,821,750,000 USD is actually not all. Do you think the government will waste that much money for bitcoin?

Unfortunately I have not completely understood what you actually mean and what you imply saying that the government might prohibit bitcoin or other cryptocurrencies. I never used to participate in the similar discussions because I did not consider them quite useful and sensible. Why so? I do not know. Anyway, at least I will endeavor. So, let us return to your question. If really, I cannot understand why the government ought to be worried about the bitcoin existing. What are the reasons? Why the government did not prohibit cryptocurrencies until cryptocurrencies became popular and quite wide usable, at lest it would be much easier to eliminate bitcoin earlier than now. I meant the government might dispose the whole crypto market  but probably the government would not wanna do it. May be the government understands the cryptocurrencies are vital for the further evolving high tech. I consider that prohibiting bitcoin is something like prohibiting "freedom". And I repeat, the government would have prohibited cryptocurrencies if the government had wanted to do that. As we can see the government actually do not care of it.

Making the bitcoin market price below $ 1,000 is much more difficult than bringing it back to the $ 20,000 level that it was in 2017.
And the price of BTC depends only on the market, it is affected, not controlled by the state, so what will the state do to achieve their goals?

This is an absurd plan, poorly thought out. How can it be successful when they cannot control everyone else? If they are willing enough to spend billions just to convert the price down to $1,000, they can do so. But they will also have to spend another billions to counter the rising demand of Bitcoin by the time it came down on that very cheap price. They should brace themselves for stronger demand while the price is falling down. Investors are interpreting it as an opportunity.

Bad planning from government want to banned bitcoin as legal currency transaction, I think if usually moment with bitcoin as digital payment now allowed for legal transaction payment way but if using bitcoin as investment assets and have try banned by government is look scare with bitcoin become best investment assets, how ever people need to increase their asset not only saving with the bank.

bullshit by the government that says being able to kill Bitcoin slowly has often been said by the media.. in fact, they (the government) only continue to say nonsense on an ongoing basis!!  Bitcoin will not be abandoned even if it drops to $1,000, but the opposite will happen..  Bitcoin will be increasingly hunted if it returns to the price of $1000.  to be honest, I will sell one of my houses to buy Bitcoin if the price of Bitcoin drops to $1000.

bitcoin already drops below 10k usd at the moment of this writing  , so are you ready to sell your house ? i bet your only kidding when you say that . house is important and selling it only for btc is i think not worth it not unless if you are a filthy rich millionaire that owns alot of houses  but if that is the case then sell your house whenever you like and no one will stop you  . anyway no government can stop btc because if its true then btc did already died a long time ago  .

The price of bitcoin is unstable and the government will find it difficult to set the price of bitcoin to 1,000 $. I'm sure that if they did this might still be a chance for big whales to buy those bitcoins at a cheap price and result in a bitcoin price rise again.

Blockchain latest news: a state-owned quantum computer could break blockchains in as little as three years  https://www.computing.co.uk/ctg/news/3033006/state-owned-quantum-computer-break-blockchains-three-years (https://www.computing.co.uk/ctg/news/3033006/state-owned-quantum-computer-break-blockchains-three-years) 'A commercially viable quantum computer is still probably a decade away but the first rudimentary, state-owned device capable of breaking common one-way encryption algorithms like AES and elliptic curve cryptography could be with us much sooner.'
'Whoever achieves it first - and it could be within as little as three years according to Cheng - don't expect to learn about it in the news.'

I know for sure you guys don't know a media manipulation it's all happening already before since there's no bitcoin yet. The only real source that i found most legit was those funding their own business just to share some important matters and not some media outlets who's being under control of the government. Bitcoin will not get affected no matter what the government do it all just depends on us.

"The government "?  Which one?

"mak[e] the price lower than 1000$". How?


Whomever proposed this seems to not have thought it through.

the government turns off bitcoin? Do you think bitcoin is made by the government?
no one can turn off bitcoin except die internet connections around the world. I see this as a joke.
bitcoin is owned in many countries by many people, so it is impossible if bitcoin is turned off by the government in a country. the government can only make policies to ban bitcoin transactions in their countries

I think that governments will not be able to ban cryptocurrency and especially Bitcoin, because they understand that people will still use cryptocurrency no matter what.  But a lot of money has been invested in the cryptocurrency market, and any government has a desire to control these funds.  In order to control the cryptocurrency market, you must first legalize the cryptocurrency.  And another important fact is the information that is often voiced by officials when cryptocurrencies are used to trade prohibited things.  Law enforcement authorities report statistics that show that in recent years, the abuse of cryptocurrencies is much higher than it was in 2013-2016.  Based on this, in any case, the authorities will look for ways to legalize cryptocurrency all over the world and control users' activities and their financial condition.

The majority of all replies was stated that the government can't shut down Bitcoin and that is the fact. There's no people or admin behind on bitcoin because that is created with open source code and anyone can access an improve if you are a dev. But the government has the power to manipulate and control people who are using Bitcoin but when you say totally shut down, no, that is not. Only few countries forbade Bitcoin but the rest are friendly on this digital currency and embracing the blockchain that the technology behind the bitcoin.

Of course government may influence on financial processes in the country, on your level of life, on your abilities to change some amounts, they can limit the transactions, may influence on your taxes and so on. But they can not influence on Bitcoin..may be partially on some processes dealing with crypto..but not on the Bitcoin itself....that is why it is so attractive for lots of people)))) what about the price, it is an ordinary thing on such type of markets where the prices fall up and down...

that is the same as bitcoin which can be controlled by the government. and in fact up to now there is not a single government that can control bitcoin. bitcoin remains decentralized. Large countries such as the United States and China also cannot stop or kill bitcoin. we know that every effort has been made by the government to stop bitcoin. but in fact it failed. bitcoin is still growing rapidly and becoming the most popular crypto in the world today.

Indeed mate, because if they can shut down bitcoin, they could have shut it down when it was widely used in the dark market for drugs trading.

Big country such as China ban crypto but there are still some countries who are using it, maybe the government of China can shut down BTC in their area but bitcoin is not only limited in China, therefore they cannot stop it and bitcoin will continue to leave.

So, for investors, we should look at that reality, and be smart to invest in this early stage.

Maybe he was referring that what if bitcoin is being regulated by goverment and they will shutdown it. There is no possibility that it could be shutdown because it not yet legal nor government is already taking it. I dont think that it could be happen now. There is no possibility but who knows in  the future.

i'm sure the method is just an empty theory without any real activities happening, even though they do it i'm sure that method won't work, because as we know, even the price of bitcoin starts from a very low price that doesn't even reach $500 before it finally surges. crypto and bitcoin itself already have a large interest in the world so it is very unlikely the government can shutdown bitcoin

however the government will never be able to regulate the circulation and price of bitcoin, bitcoin will always be free and move from demand alone, the government can only use bitcoin and its technology and will not be able to be more than that, in the future nobody knows what it will be like but at least a little the picture in the future there will be more who do digital transactions and I'm sure bitcoin is one of the future.

1000% agree with you mate.many newbie and week holders are in panic mode. they are only looking for minus points and there source of news is social media university  :D

@ OP I dont understand how govt can shutdown which is out of there control more imp who the hell have lots of freee time and money for getting the shutdown  something which out of there hands.  ::)

for example drugs see many drugs have been banned but still a good amount of people enjoying them and doing buy n sell.so the bottom line is that no one can get crypto shutdown its impossible for anyone to get it.

I just don't know why som Bitcoin users are so obsessesd with governments and theories about ban of Bitcoin. That is not going to happen and don't bother so much with different conspiracy theories.
Yes, some governments are trying to regulate Bitcoin which is natural and sooner or later will happen in most countries but that is not a ban or"shut down", the expression that is used here.