So are a lot of things. Some governments are incredibly short sighted. But then again, you can't blame them for being horrified of the potential of Bitcoin.
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At this point, Bitcoin has become a monstrous force. I believe that only Bitcoin itself, could destroy it. Which I don't see happening.
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I obviously don't ever expect this to happen. But yes, Altcoins would be decimated. The only other reason, would be that an Altcoin replaces Bitcoin, for some reason.
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This is a real effect, that affects the markets. Hence why stocks split. I believe this will lead to massive flows of funds into alternative cryptos.
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A tremendous amount have been lost and more will be lost. This only adds to the value of those that remain however.
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100% it is, and in a good way. No matter what becomes of cryptos at this point, they are going to always be remembered back upon as a competing currency, that exposed fiat money for the fraud that it is. Pandora's box has been opened and can never be shut again.
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Arguable, I would say that Bitcoin is far, far from the shadows at this point. It may never be used by the everyday man on the street. It will continue to grow however from this point.
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There is no proof of this, at all. So we should be careful when putting someones name out there like this. But, as I have learned. Anything is possible.
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Oh man, that is horrible. Would be totally depressing and sickening.
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Alot of "conspiracy" theories have in fact been proven correct. A lot of tin foil hats have been discarded in the last few years and I expect many more to join that growing, shining heap.
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I'm a strong believer that it is real. Just not for the stated reasons.
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China WILL continue to crack down on Bitcoins and Cryptos in general, as they are a great means of getting your money out of the country easily. This is something that the Chinese government have been cracking down on and having issues with, so expect scrutiny to increase further.
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This is not going to happen, without a complete and utter collapse of society as we know it, which honestly, at that point I would be heavily leaning towards precious metals, at least in the short term, as governments greatest power comes from its ability to endless print fiat money out of thin air. They are not going to allow this scenario to unfold.
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Government is in direct competition with BTC and Cryptos and vice versa via their fiat creation.
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Dollar cost averaging is always the safest and least stressful way to go. Ride the highs and lows, with advantages to both. Long term accumulation is your friend.
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They really do control have the say at this point. It could get ugly, but remember, they are invested in the long term health of BTC.
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If the goverment put tax to bitcoin transaction, what will the consequences?
The profit will decrease and attraction also decrease in my opinion. How about yours
I highly doubt this will happen. Currently, you are supposed to be paying taxes on bitcoin when you sell for a profit, similar to how you would if you made a profit for selling a stock.
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Of course not. Just more MSM fake news.
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Expect ever increasing scrutiny from central banks. Cryptos are a direct threat to fiat money and are therefore a direct threat to them.
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Roger Ver has not been silent about this fact. He has been pushing HARD for BCH. He is the main driver of it.
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