The Government Must be Winning!

[cellard]

Cryptocurrency is representing a dream...a dream when we can get away from the control, power and influence of the government most especially with finance and economy. This includes minimizing the control of central banking on matter on matters of policies and economic direction.

However, correct me if I am wrong, the battle has not yet started and it looks we the many Bitcoin or crypto enthusiasts are on the losing side. We have just witnessed how a single pronouncement or a news can drastically affect the value of the Bitcoin market.

Now, what would happen if many of the big governments would one day declare Bitcoin to be illegal? Will it mean that realistically it is the government who is winning in this battle? Or is there really a battle in the first place?

Tell me your convictions and dreams regarding Bitcoin.

Governments can't make Bitcoin illegal, because they know in the long term Bitcoin would survive that too. So think about it, you are the government, declare Bitcoin illegal, the price crashes, but a year or two later it's going back up. What can you do or say anymore after that? Nothing, you already dealt your final card. This is why governments can't go all in against BTC, because if it survives (and it would) after that move, they can't no longer scare investors away.

They will keep regulating exchanges, ICOs and all that, but they can't do nothing against Bitcoin itself.

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[Emworks]

However, correct me if I am wrong, the battle has not yet started and it looks we the many Bitcoin or crypto enthusiasts are on the losing side. We have just witnessed how a single pronouncement or a news can drastically affect the value of the Bitcoin market.

Now, what would happen if many of the big governments would one day declare Bitcoin to be illegal? Will it mean that realistically it is the government who is winning in this battle? Or is there really a battle in the first place?

Tell me your convictions and dreams regarding Bitcoin.

It appears that the goverment  really has the power shake the movement of the market price and create panic on everyone. this may affect the market to slowdown but it doesnt mean it will massively tear it apart.

I dont think the goverment of china,are trying to kill it.they just want to prevent pruedelent activity and bubble burst that may cause a huge effect on there people and economy, i think this time a lot of bad/fake characters behind ico project will sweap away soon.

[Rahar02]

If a big country ban bitcoin, yes it's a problem and may cause panic sell and the price will crash again.
I agree that we're not in the war, most government does not have detailed policies of regulating or banning bitcoins usage.
In that case, we still be able to use and trade bitcoin, as long as we do not use it for legal activities such as money laundering.
Some countries started to consider regulate bitcoin, intrigued by Japan that has legalized bitcoin as legal payment and it's going so well in their country. The best way about bitcoin is, it's decentralized which can not be controlled by government, they could ban bitcoin and exchanges, but people will always find some way to deal with the regulations.

[iram1011]

Do you think that now China won't be participating in ICO or nobody in USA is doing so?

The answer is no. Government definitely can make rules. But just like darkweb, such markets can also thrive without the acknowledgement of government. It isn't easy to ban anything on internet. There are thousands of ways to escape. Indeed if found it would be against law. But how many are caught using darkweb everyday?

[nrvasquez]

actually this has happened in China. their government considers that bitcoin will be uncontrolled or untraceable (because of its anonymous system). the Chinese government tries to prevent it by limiting and even prohibiting all ICO activities.

[dreamer81]

I really think that governments have gave up fighting Bitcoin. Maybe they are not embracing it and introducing it fully into system but modern governments in civilized countries will not declare Bitcoin illegal, not anymore. Believe me, this whole negative relation between government and Bitcoin will change soon.

Governments have not given up. They have not even started their war against the crypto community. Governments still thinks that crypto will never be big, so they neglect the impact it will have.
Once bitcoin and altcoin becomes mainstream in 2020, the governments will invest massively in fighting crypto, that is when the real war against us begins. So be prepared. Secure your coins. Prepare for raids and cops knocking on your door wanting your keys. Its gonna get crazy!

[zarados]

I really think that governments have gave up fighting Bitcoin. Maybe they are not embracing it and introducing it fully into system but modern governments in civilized countries will not declare Bitcoin illegal, not anymore. Believe me, this whole negative relation between government and Bitcoin will change soon.

than say the goverments gave up of fighting bitcoin, I think that goverments don't want to fight bitcoin. what I know, there are two kind of government, those who think of people welfare, and those who think of himself. The first camp, is always find a good way for the good of the people in term of economic or other term. And they know that crypto is a future where there will be no cheating in it, that's why they supported it. The second camp are know that bitcoin is a threat. Thats why this both camp are always compete eachother, So the bitcoin still exist. and sometimes pump and dump happen.

[Dhaaaw]

All of that could be avoided if current bitcoin or any other cryptocurrency users would just spread the word and make bitcoin understadable to the wide public, awareness is what will keep a good and clean name to bitcoin, if people are aware the media and the governament will follow.
But let's face it we're not doing our jobs, In real life whenever someone wants me to explain what bitcoin is all about i usually try avoiding cause it's a pain in the ass to explain while i know that's the wrong thing to do...

[nor9854]

The whole concept of bitcoin is to break the shackle and achieve the financial freedom. For that we need no government approval.What we need is freedom from government control.If government ban bitcoin, it will only strengthen the cause of bitcoin.
Bitcoin can survive any ban because it is people's money

[stompix]

Now, what would happen if many of the big governments would one day declare Bitcoin to be illegal? Will it mean that realistically it is the government who is winning in this battle? Or is there really a battle in the first place?

Tell me your convictions and dreams regarding Bitcoin.

If they would really want to declare a war is not going to be a war is going to be a massacre.
First no business will be able to say we accept bitcoins.

Then all websites accepting coins will be forced to flee to god knows what .tld domains and servers.
People dealing with localbitcoins will have to run in the woods.
Banks will be forced to stop transactions from and to exchanges.

Price will go to 10$ in a matter of days.
All major projects cancelled , back to silkroad...oh wait

[aoihs00]

Do you think that now China won't be participating in ICO or nobody in USA is doing so?

The answer is no. Government definitely can make rules. But just like darkweb, such markets can also thrive without the acknowledgement of government. It isn't easy to ban anything on internet. There are thousands of ways to escape. Indeed if found it would be against law. But how many are caught using darkweb everyday?

Yes that's really need an attention. Government will always have their limitations and they can not start banning everything over the internet. I don't believe that China will stay away from the ICO and crypto related projects. They know it very that china is amongst top most list where mining is at peak level. Don't forget most of the mining hardware is also manufactured at china location only. There has to be something fishy going on internally and who knows these people might just re open the portal and rules with flood of investment coming from the China.

[hatshepsut93]

Cryptocurrency is representing a dream...a dream when we can get away from the control, power and influence of the government most especially with finance and economy. This includes minimizing the control of central banking on matter on matters of policies and economic direction.

However, correct me if I am wrong, the battle has not yet started and it looks we the many Bitcoin or crypto enthusiasts are on the losing side. We have just witnessed how a single pronouncement or a news can drastically affect the value of the Bitcoin market.

Now, what would happen if many of the big governments would one day declare Bitcoin to be illegal? Will it mean that realistically it is the government who is winning in this battle? Or is there really a battle in the first place?

Tell me your convictions and dreams regarding Bitcoin.

There will be no battle - if governments wanted, they'd banned cryptocurrencies right from the beggining when the first exchanges emerged. Even now there's no sign that they are under a threat - China is just an authoritarian communist government, they hate freedom and always try to ban everything that expands it. And yet they haven't banned cryptocurrencies themselves - only ICO's, because so many of them are just scams. Soon Bitcoin will continue to grow just like before.

[SvenBomvolen]

In the case if the government will admit bitcoin as illegal there will not be a winner. All sides will loose. Firstly the government will loose a good part of income and the whole economy inside of the country will fall down. And bitcoin users also will be in minus. Many people will loose their jobs and incomes based on bitcoin and crypto, for many people it is the only source of money, so they will have to take loans and debs to survive. I hope the government understands that clearly and they will never ban bitcoin.

[grermezter]

Cryptocurrency is representing a dream...a dream when we can get away from the control, power and influence of the government most especially with finance and economy. This includes minimizing the control of central banking on matter on matters of policies and economic direction.

However, correct me if I am wrong, the battle has not yet started and it looks we the many Bitcoin or crypto enthusiasts are on the losing side. We have just witnessed how a single pronouncement or a news can drastically affect the value of the Bitcoin market.

Now, what would happen if many of the big governments would one day declare Bitcoin to be illegal? Will it mean that realistically it is the government who is winning in this battle? Or is there really a battle in the first place?

Tell me your convictions and dreams regarding Bitcoin.

We all know that cryptocurrency market is a very volatile one since its not based on any economy of the world just like Gold and other precious metals its value is based on factors concerning most economies of the world and also on the one's who invest in the currency, the more other countries accept bitcoins, the more it gives investors hope which in turn rises the value of bitcoins.

[Cloud27]

The Government of China is winning not from digital currency investors, but from scammers and illegal fund-raising platform. Good for the Chinese investors, they are now protected from scammer of ICO scheme. Most ICO investors don't have expertise on investing and these worries Government. The Government obligation is to protect the interest of its people.

[Delicat]

In the long term, regulations will bring confidence and stability as long as there is no global ban on the crypto. So right now, it seems that it is the people that will benefits the most. Although if there is no ICO, it will certainly means slower development albeit stable in China environment.

[hyrum]

The irony. This essentially what distributed currencies are supposed to circumvent, or even eliminate, but it shows the long arm of the Chinese government's influence (and governments in general) can still give you a very bad day. (Currency, investment, or otherwise.)

Personally though, though there is likely going to be more of these, they're temporary, and occurring only as people are going wildly crazy over the concept as it starts hitting the mainstream the way it's doing now. It'll be an interesting roller coaster ride for the next many months.

But overall, while governments can inflict a lot of pain, the upward trend is all but inevitable. And the dream of the underlying technology, once widespread and common, ultimately cannot be stopped, and its many promises coming true will be laid bare.

[novhitadaloma]

but it can not be denied, the government can intervene (in certain countries) bitcoin and altcoin more broadly. for example China forbids its citizens to follow ICO.

[Sir Cross]

No, sorry but I want to disagree with you because the government is the voice of the people and its sovereign power lies on the decisions of the people. There is no government if not for its people, so despite the regulations, I still think that crypto can still flourish because the people want and need it. The government just wants to make money so they impose taxes so that they can generate revenue

[shimbark123]

The government might not win because of many people that already put a lot of efforts, money and etc for cryptocurrency. "In cryptocurrency, we trust." Do that and probably you can erase from your mind that bitcoin will lose and government will win.