WHAT IF the GOVERNMENT wins over BITCOIN?

[Jacsnuffles]

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?

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[BillyBobZorton]

They can't stop the network, but they can FUD the price around that's for sure. If the SEC, Trump or anyone else with power made a tweet that was pro-bitcoin it would pump, but it they made a negative tweet it would dump... who can't really deny this?

But as far as the technology goes, they can't stop it. The price drop would also be temporary. Bitcoin will always go to all time highs long term, without without government's approval. It will be a success that's embraced by governments, or it will be a success as an underground asset. And I doubt all governments will have the same opinion about bitcoin so you will always be able to move to a bitcoin-friendly country and buy your properties on there with it. Just be sure to be able to explain how you obtained your bitcoin. If you can't explain how you obtained them (with proof) then no government will allow you to buy anything with it other than small purchases able to go under the radar.

[First77]

It is said now China is a cashless society. US dollar, Euro, UK pound, Chinese Yuan, Japanese Yen, Indian Rupee and others are digital currency when you pay at shops, bills, online shopping by credit cards or debit cards.

Who says Bitcoin is the only digital currency ??

There is Water Filters store (commercial systems also with 10,000 gallons/day pure water capacity) on my Twitter page. See it (below) to know how international payments and buying is done with digital currency.

[krishnaverma]

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).

These regulations also have a lot of advantages. Since they are putting restrictions on those suspicious ICOs the money of a lot of investors will be saved. Also, these fraud coins also hamper the image of bitcoins. Some of the people label whole crypto as scam because of these coins.

[Basmic]

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.

[Jacsnuffles]

They can't stop the network, but they can FUD the price around that's for sure. If the SEC, Trump or anyone else with power made a tweet that was pro-bitcoin it would pump, but it they made a negative tweet it would dump... who can't really deny this?

But as far as the technology goes, they can't stop it. The price drop would also be temporary. Bitcoin will always go to all time highs long term, without without government's approval. It will be a success that's embraced by governments, or it will be a success as an underground asset. And I doubt all governments will have the same opinion about bitcoin so you will always be able to move to a bitcoin-friendly country and buy your properties on there with it. Just be sure to be able to explain how you obtained your bitcoin. If you can't explain how you obtained them (with proof) then no government will allow you to buy anything with it other than small purchases able to go under the radar.

I totally agree with you. Thank you. It lessened my worries.

I am a believer of Bitcoin and I acquired physical investments because of it. I'm not saying that the government will win, but if someone play dirty with this regulatory issue, and do whatever they can over this, I will stay an investor. And keeping my family secured is still an objective.

[Jacsnuffles]

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.

You're right about that. Freedom is the main reason why many are into cryptocurrency. They have their own decisions over their money. Except with --uhm-- fees from exchanges.

[Dudeperfect]

If worst case scenario governments can ban Bitcoin to Fiat and vice-versa transactions, so in that case we won't be able to cash out Bitcoins or purchase Bitcoins with fiat currency. However, even in that case, one can always send his Bitcoin funds in the country where it is legal and sell it online then receiving payment in the form of fiat currency earned outside the country. Such action will definitely create legal complications so it is not a good idea to ban Bitcoin transactions in my honest opinion.

[Zackgeno96]

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.

There is no doubt about that and government will continue to increase their control on the cryptocurrencies by implementing the regulations.

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).

Government can not have total control on the cryptos so there is nothing to worry.

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.

Obviously, its always advisable to invest into the diverse portfolio. Its very risky to put all the money into the single asset.

[Kprawn]

You should always try to reach a point where you get a return on your investment. If the experiment fail or if governments

find a way to stop it, then you have nothing to lose. You would then be playing with profits made on your investment. I am

lucky that I already reached that point last year. Fortunately for us, Bitcoin is a decentralized network and it is very difficult

to take it down. 

[playboy654]

Government can't win over bitcoin until people using it,we have to use crypto as crypto so there is no taxes for that and no need to worry about it.
Recently Germany announced there is no tax if you use crypto for buying goods which memas many governments understand about bitcoin and getting ready for the future ear of bitcoin.

[Alex9813]

Some government has already banned bitcoin but they never could stop.people from using bitcoin.People investing many ways of earning money.VPN is a popular way of using bitcoin and avoid government rule.Government really can't stop us using bitcoin.Also if we convert it to fiat then withdraw then government won't find us anyhow.So I think it's impossible for government to wins over bitcoin.

[First77]

Some government has already banned bitcoin but they never could stop.people from using bitcoin.People investing many ways of earning money.VPN is a popular way of using bitcoin and avoid government rule.Government really can't stop us using bitcoin.Also if we convert it to fiat then withdraw then government won't find us anyhow.So I think it's impossible for government to wins over bitcoin.

They will freeze and seize Bitcoin when they give the "ban order"

[sensei stupid]

Just like you feel, I also experienced the same thing when there are already some large-volume countries in the world crypto forbid the use of crypto. And what you convey is a good idea, I also little by little put aside my income to invest with physical properties. Because as you say, no one knows what will happen in the future. We expect the best, for others also do not ignore about what our friends say above. We can earn only from the world of crypto, but do not get too fixated, we still have a real world that we must live.

[mrcash02]

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.

To invest in properties is always a great idea. A safe investment that doesn't lose price within time, the fiat's opposite.
And better than this would be to find someone selling properties for Bitcoins. It would be much easier to finish the deal, with maybe some discount, as BTC increases its price on long term and the seller could take this in consideration... However, I don't know if it would cause trouble with the government.

Once you have your property you are safe from government's mistakes regarding fiat (as your money isn't in fiat anymore) and in a hypothetical scenario, even regarding Crypto-Currency...

[anavir]

i don't think it will happen...maybe they can controll some network but not all...bitcoiner will find ways so as not to be controlled because,in my own opinion there will be a big drop of the value if ever it will happen

[ldah94]

It is possible that many governments want to take advantage of this technology, but considering that it is a currency that can not be controlled because its management depends on the whole community, it is difficult for them to take control, what could be seen is that they take control of exchanges creating restrictions on trade.

[Procopiogamscrypto]

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 think government is not against crypto,  what they after is how to collect taxes and assurance that is really use in a good  purpose, so there is no war or any competition  on both parties,  hopefully a soon as possible they will unite and meet with one objective for the benefits of everybody.

[BrewMaster]

I am into cryptocurrency because of freedom, I can't deny to myself that I have worries regarding this issue.

it is understandable to be worried about what the government is going to do about bitcoin and what kind of regulations they are going to put in place, but at the same time i believe that it doesn't have to be against the "freedom" either. regulations can be good too, they can help the growth, they can prevent a lot of crimes and besides we are living in a world of regulations already. it is not such a bad thing to have it for bitcoin too as long as they are not ridiculous ones.

[xbiv2]

GOVERNMENT

Now we have weekest GOVERNMENT, after 73 years if peace.