If Bitcoin not recognized by any government

[udayantha11]

If bitcoin coin / blockchain tech not recognized by any government in the future, even-though this BTC will survive on the internet. i got the assumption because this cryptocurrency also same as share market.

people come and take at lowest price and sell at the higher price. this is the basic and groud level of the crypto market. so i think this will be a share market forever if not recognized.

how about your opinion ?

BTCBTCBTC

[mk4]

I'm sorry. I really couldn't understand your first two sentences. Please explain it clearly.

Buying at a low price and selling at a higher price isn't just the basic ground level of cryptocurrency markets, but with ALL market trading. Bitcoin and other cryptocurrencies doesn't need to be recognized by the government. Bitcoin was made for us to have a currency that doesn't need government involvement.

[Manc89]

As we know, now it is not many government recognize bitcoin but bitcoin can survive and go further.
If we talk about buy low sell high than we do it to get profit, it does not has relation with recognized by government.

[giveen]

Crypto currency can't be a part of share market all these listing on cme and nasdaq in future isn't actually giving people btc but instead it is just betting on the price of it. Getting listed will have impact on price but it will be indirectly. And currently i feel it has enough recognition we don't need it on share market any time soon.

people come and take at lowest price and sell at the higher price. this is the basic and groud level of the crypto market. so i think this will be a share market forever if not recognized.

Not everyone does that but yeah it is kind of like this for maybe 50% of the traders.

The reason for not getting listed on any share market is also because of it's volatility share market have a limit of daily increase and pump and dump isn't permitted as well i'm pretty sure there isn't or going to be any coin which will comply with these terms.

[bitfools]

If bitcoin coin / blockchain tech not recognized by any government in the future, even-though this BTC will survive on the internet. i got the assumption because this cryptocurrency also same as share market.

people come and take at lowest price and sell at the higher price. this is the basic and groud level of the crypto market. so i think this will be a share market forever if not recognized.

how about your opinion ?

BTCBTCBTC

PLEEEEEEEEEEEEEZE stop the BS, the GOV created BTC

BIS the bank that runs the world in Switzerland, sells SNR ( train tickets ) for BTC, if BIS wasn't involved in BTC, then they wouldn't be selling commuters train passes sold in BTC from BIS-BTC vending machines in Switzerland.

GOV created the myth of anarchy & liberatarianism, the reality is the MIL system of world DEATH created BTC so that people could be controlled like cattle.

But keep telling yourselves that BTC didn't come from the prison guards who own the world.

[squatz1]

Just starting off, it's not that Bitcoin isn't recognized by Governments it's that governments aren't too keen on accepting Bitcoin transactions happening in their countries. As it feels to them (and it is) as they're losing control to a group of decentralized people, which is not something that a huge power mongerer wants to see happen.

As we know, now it is not many government recognize bitcoin but bitcoin can survive and go further.
If we talk about buy low sell high than we do it to get profit, it does not has relation with recognized by government.

Bitcoin has a large relation with the government though, as government can play  LARGE part in fucking Bitcoin and the trading with bitcoin (+ other altcoins) if people in government would like, they could levy massive amounts of taxes on stuff that is Bitcoin related and that would cripple the market. Regulations can screw people, and it's the way government can fuck us all.

[kudosoblique]

Even though your government doesn't recognize Bitcoin, it can survive to itself because it is an independent sector used by people worldwide, which is also categorized as private.

[immunitychilly]

Even though government doesn't recognize Bitcoin, I'm sure that they are still going to survive since they are decentralized and independent. They survived a few years without it, so why stop,right?

[bitart]

Governments know bitcoin, they are about to tax the incomes from bitcoin, so there's no need to worry about banning bitcoin. Governments wants money from bitcoin, if they ban it, there will be no income from it. They just can't make it illegal because in that case they can't trace the route of the money because it will go thru localbitcoins and on similar sites. Sooner or later governments develop the way they can tax the incomes but they can't rule bitcoin itself.

[Twinkledoe]

Even though your government doesn't recognize Bitcoin, it can survive to itself because it is an independent sector used by people worldwide, which is also categorized as private.

Even though government doesn't recognize Bitcoin, I'm sure that they are still going to survive since they are decentralized and independent. They survived a few years without it, so why stop,right?

Same person? Just kidding...  . Anyway, both of you are right. Bitcoin is a stand alone cryptocurrency. A user can benefit from this once he exchanges it to his fiat money or utilizes it by paying merchants that accept bitcoin.

[cherryganda]

Even though government doesn't recognize Bitcoin, I'm sure that they are still going to survive since they are decentralized and independent. They survived a few years without it, so why stop,right?

If bitcoin didn't recognize the government and having this popularity! well, bitcoin is all the way to hundred thousand  USD then!
but of course, this will never possible as bitcoin is the wall of China in BANKING aND INVESTMENT! they will, of course, go wild as bitcoin is a very simple currency to go trade and invest and earn!

[rjefferson]

Whether governments accept it or not, it will be boughten and circulated. It is in governments' interest to regulate and/or accept it.

[White32]

If the bitcoin didn't recognize by any governments its not a problem we can still use it and continue growing day by day. In fact bitcoin will getting acceptable in some countries so it is a sign that bitcoin will be famous in the coming century.

[cmacwiz]

If bitcoin coin / blockchain tech not recognized by any government in the future, even-though this BTC will survive on the internet. i got the assumption because this cryptocurrency also same as share market.

people come and take at lowest price and sell at the higher price. this is the basic and groud level of the crypto market. so i think this will be a share market forever if not recognized.

how about your opinion ?

BTCBTCBTC

Now a days, BTC has been in great rumors and everyone one is talking about BTC whether is it a reliable cryptocurrency to invest or not and even government has completely denied to invest into BTC . So the present scenario simply suggest that BTC would never be recognized by government but no one could predict the future. Conditions could be different and it could be legalised in the future and I guess legalization could make the things better for bitcoin.

[South Park]

Even though your government doesn't recognize Bitcoin, it can survive to itself because it is an independent sector used by people worldwide, which is also categorized as private.

This is the point of bitcoin, people complaining that bitcoin is not accepted by governments are looking this in the wrong way, bitcoin was not supposed to be approved by anyone, we do not need the permission of any government to hold and to use bitcoin they cannot interfere with it since bitcoin is a closed system.

[Mrsun78]

absolutely. bitcoin does not need any government to support anymore. and if other currencies disappear, bitcoin will get all the investment from them

[Dudeperfect]

It's not as same as share market but we are making it more speculative instead of focusing on the utility part of the same. The principle of Bitcoin is focusing on the decentralization part if we can somehow build the economy based on the decentralization then there will be no requirement of the government approval or the legal grounds in my opinion. However, that is a theoretical case I might not happen at all at least in next 10 to 20 years.

[wladsem555]

Regulation of bitcoin by the government of different countries is of great importance for its development and functioning, as restrictive measures can both stop its leadership among other crypto-currencies and completely destroy bitcoin (although there is also the opinion that it is impossible to exterminate bitcoin separately from other crypto-currencies.