WHAT IF the GOVERNMENT wins over BITCOIN?

[bankbytecode5]

The regulaions have some good points like many dark ponzis and some ICOs will be baned and some will be restricted too

[1715423185]

1715423185

[nilstairs2]

still havent decided what to do. lets see what happens. as soon as i get some sense i will start clearing

[crzy]

still havent decided what to do. lets see what happens. as soon as i get some sense i will start clearing

If all the governent agreed to regulate or ban this thing then that’s the time i will make action but for now I will focus on having more good coins because right now its too cheap and the future are still bright for cryptocurrecy.

[C. Bergmann]

Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

This is not an advice. It's simply a shared idea.

How about you? What do you have in mind?

I like what you're saying. You are trying to say that we need to diversify which is a much a better safer approach than putting all eggs in one basket. The future is quiet unpredictable no matter how we predict it there are still these changes that might sprout out so accuracy of predictions aren't that certain though there are these things that we can be sure about. By acknowledging every possibilities that might arise someday, it is a good idea to split your wealth in multiple forms.

[Doge dealer]

if they are going to be doing the regulation at the exchanges then it might be possible other than that it would be a very difficult task ....unless they will build a blockchain program to do this forcing us eventually to do KYC documentation , other than that governments cant participate because at the end of the day transactions are anonymous and i think its important to the governing structure for you to know exactly who your doing business with ,  its part of the accountability process.

[kudryas]

Many countries are taking harsh decisions against bitcoins. For instance, India has recently announced that banks will end relations with bitcoin exchnages in India. And they are plannign to launch their own coins.

[SokaBlue]

I have in my mind that if the government starts generating profits with bitcoin, then it would soon become a regulated currency, they would find a way to intervene the system and establish an order as established with the pocket currency of the stock exchange: Dollar,euro ... But I do not think this will benefit any of the current bitcoin users, otherwise it would ruin us.

[Rotsor]

The governments can never win over Bitcoin. Even if the governments implement KYC requirements on all exchanges, as long as bitcoin is sold for cash they cant trace the transactions. The decentralized nature of Bitcoin is whats its savior.

[JC btc]

The governments can never win over Bitcoin. Even if the governments implement KYC requirements on all exchanges, as long as bitcoin is sold for cash they cant trace the transactions. The decentralized nature of Bitcoin is whats its savior.

They cannot win over it because bitcoin can never controlled by someone or a third party what the government can just do is to implement tax on exchanges so that those who are gaining in trading will forced to pay tax on it, but which for me is just a normal.

[eelectrick]

Well if that happens, a new order in cryptocurrency begins. Regulations and prices are least likely the center
of all our concerns and worries. Little by little  bitcoin will lose or begin to tarnish it's decentralized feature and
taxes will surely be imposed.  But still regulation is where it's headed, it's only a matter of time. More countries
I believe are beginning to take in or accept bitcoins and cryptocurrency, this may be the first baby steps in the
global regulation of bitcoins and cryptocurrency.

[carlisle1]

We find under a lot of pressure from the States. Governments have no interest in allowing people to freely dispose of their money. All of us are forcibly driven into the banks. Who doesn't have a Bank card now? After the appearance of bitcoin, people get out of control. This is the main reason that governments do not want to legalize cryptocurrencies.

my wife has no bank card so what about that?lol its not about the people may out of control why government throwing everything towards this community,the main reason why theyre doing this is about MONEY because just like real estate and stock exchange,or even casino governments getting lots of money while here they cant because of the privacy and the anonymity weve got here.

[anhhung409]

I think from the present time until the government is in control of Bicoin for a long time. And we can do much to improve it. Or simply can make it better in the eyes of others. Besides, everything will remain secret and safe until the government takes control of it completely. So, I still choose Bitcoin to invest

[JillClarissa]

Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

This is not an advice. It's simply a shared idea.

How about you? What do you have in mind?

I don't think the government strictly regulates cryptocurrencies to eliminate them. Encrypt now in the market have a lot of money and have no value, they are liars created to defraud investors' money, the government is to attack the encrypted currency regulation, I think in the long run, it is a good thing for the whole encryption market

[NoNetwork]

~snip~

To be honest mate, you don't have to worry about anything. Yes at first you might will see this as a threat that could affect you as a trader and an investor. You see, in my country, cryptocurrencies have already been regulated. And from my point of view, its not that bad, you might think that they will tax you or anything, but that doesn't the case. Because what they are doing is that, some exchange exclusively here takes some fixed fees, that will depend on the amount you're converting into.

So my point is, regulations are just regulations. They can't prevent them obviously (the entirety I mean, because they also can ban them). Its like, Law, it was created to have order in the country, but still there are people who disobey them. What I mean is, even if there are regulations in cryptocurrencies they will not have the total control over it.

[TheGodFather]

Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

This is not an advice. It's simply a shared idea.

How about you? What do you have in mind?

Technically, and this is coming from only my limited knowledge of the internet and technology the government can only ban some of the networks or hosts and servers that would be comig to them that is why a ban is realistic but I don’t think they can be able to shut down the whole of the cryptocurrency market. I do believe though that with the proper information drive and the correct advertising we can have enough of the community have a voice so that we can also be heard

[joykulot]

I wish it won't happen. If the government hold the Bitcoin, I swear the price can be lie. I don't agree to hold the government. There are so many lie processing can government do. If it will happen, we are so sad.

[Joushi]

Be ready and aware that 2018 is the year of regulatory reckoning. Countries around the world are trying to determine how they are going to treat cryptocurrencies. Securities and Exchanges Commission (SEC) has halted several ICOs and hinted at the need for greater crypto regulation.

I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue. And as an investor, I really have no choice but to stay with crypto once the governments around the world have control to cryptocurrencies (if that became possible).

So as much as we can, also invest with physical properties with what you've earned. For we don't know what will happen next with our money in the digital world.

This is not an advice. It's simply a shared idea.

How about you? What do you have in mind?

I don't think government can stop this as it spread in all over the world and many country people are using it

[flag39]

Well, The governments control FIAT banks and can effect the price of BTC as long as we need to exchange it for fiat in order to make them useful.
The number of shops accepting BTC directly is insignificant at the moment.

[HiringYou]

Bitcoin is still decentralized in nature which means that no government is able to control the Bitcoin transactions but if Government wins over Bitcoin all the BTC transactions will be tracked and all the people involved in the transactions will be identified.Government will either declare it as legal or it will declared as illegal.If government will declare it as illegal then BTC transactions in that particular country will be stopped and people will have no way to change BTC into their respective currency.If government declared it as legal then some regulations will be imposed on it. Bitcoin transactions will not be anonymous anymore and they will be taxed also. Not so many fluctuations will be seen in the price and Bitcoin will not be known for it's volatility. Their will be a decrease in the number of Bitcoin users.

[Sadum]

I am a Junior, sorry if there is a wrong word!

I think the current miner's fear of regulatory issues is a human fear because as miners who have spent a lot of money and heard bad news about Bitcoin, we will be worried, but as smart miners we must follow the news to the end and know what the contents of government regulations. do not let the new we read the title, we immediately panicked and worried without seeing the contents of the news.

Hopefully this Forum can make the relevant government understand what is Bitcoin. Not only make the Regulations A.B and C. in Bitcoin.