WHAT IF the GOVERNMENT wins over BITCOIN?

[tanxingwo1215]

The U.S. securities and exchange commission's massive encryption watchdog, ico, is designed to ensure that the ico project does not have a scam!

This is a good thing for the digital currency world, which requires the ico project to come up with relevant things to prove that this project is feasible and to ensure the interests of investors!

[VeeraS]

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?

everyone has a different perspective with you, I think if you are afraid of what you think, you should leave the crypto world.
I think upside down with you, crypto will get bigger and more famous in the future. because the digital era is currently growing rapidly. I know, maybe some governments will make rules to prevent bad things happen, like ico scams, exchanges that hurt investors and traders. yes, I think it is

[SPOILER]

If Government will win against bitcoin. There might be a sudden change in the amount of bitcoin. For sure government will control or manipulate it.

[Kakmakr]

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"

Oh please. You know it is almost impossible to find a small piece of paper with a Private key {Paper wallet} stored in a different location, right? They can raid my house any day they want to and they will never find my hoard with all my coins.

You only need a piece of paper or a email with a scrambled message to leave your country and to take all your money with you. I have many friends and family in other countries and I already send them a email that only I can decipher as a backup plan. ^smile^

[GreatArkansas]

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.

Agree to this. No one can stop cryptocurrency, even government. Cryptocurrencies are decentralized, no owned it. We should practice that, government should also be lesson that they should not BAN cryptocurrencies on every countries, cryptocurrencies are  really big help for everyone.

[sherwinaze]

if the government win  and they hand over the bitcoin all bitcoin user start to  pay tax in the government and government maybe control the price of bitcoin. they always monitor the outgoing and incoming bitcoin sad to say i think the price of bitcoin is going to down if they control  crypto currency..

[check_it_out]

I think the most likely case is the government will use the bitcoin technology instead of fighting it forever.
in this case, the price of the bitcoin will fall, and the gov-coin will rise

[qwertyup23]

If Government will win against bitcoin. There might be a sudden change in the amount of bitcoin. For sure government will control or manipulate it.

True enough. With the intervention of the government on bitcoin (considering that it is the reigning cryptocurrency at the moment), they will try to regulate and control the number of bitcoins in the market, thus manipulating the price. This also may lead its price being less-volatile than before and relatively more controlled. Though there may be some negative implications, embracing bitcoin by the government may also bring forth a development that may enhance its system under the blockchain technology. Who knows, maybe the government has kept some secrets that may soon utilise it for bitcoin's development.

[GoodLuck2]

Actually, I am looking forward to the day cryptocurrency IRR (Implementing Rules and Regulations) will be released. Can’t wait to see the faces of those who still insists that bitcoin is illegal. 

Same here! It would be a big slap on their faces who are working hard day and night to spread false news about bitcoin and make people stop using it. There is not even a single solid and valid reason for declaring bitcoin illegal in any state. This currency has been continuously helping common people in earning breads for themselves and their families. It is legal in developed states and there are maximum chances that developing will follow them in this regard.

[weston4mills]

If governments do this than they will fight against their citizens and they would limit the rights of the people

[AnnaGeraMsk]

It seems to me that it is unlikely that the maximum will temporarily block in this or that country, but in the end it will lag behind the Trend and then it will be a vosal of those who started cooperating from the very beginning!

[cmaxwell]

the best that can happen is for the government around the world to adopt digital currencies which will invariably take over the economy of the world.it is going to be a wonderful experience.

[zarados]

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.

Correct, the government better have to support cryptocurrency for a economic development in their own country. That's why regulation needed to protect cryptocurrency when used to support negative actions such as money laundering, illegal purchases of goods, and even terrorist financing. Therefore, regulation is also important for the development of cryptocurrency in all parts of the world.

[onemoretime8520]

they can make anything when money is in question. So personally I am opened and ready for anything possible but until the end plan to stay into crypto world but not 100% on it.

[Jacsnuffles]

The governments are taking actions in a way of security, (I guess). They targeted the Bitcoin holders who have fake identities and the confiscated Bitcoins are being auctioned. That is just a sample of how they will treat cryptocurrency. You can search crimes that involved Bitcoin. I think that it is okay if the government has to regulate cryptocurrency but I hope that their objective is about security. And like what I said, I am still in crypto but as much as I can, I am going to invest in physical properties so once changes happen or whatever, I still have physical investments that I can share with my family.

"The revolution is not an apple that falls when it is ripe. You have to make it fall."

[Cryptomaniac13]

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?

The only thing they can do is regulate securities which are altcoins but not bitcoin... It is not a security at any level

[xuan87]

Yes 2018 will be the new era of crypto where every single exchanges will be regulated, and all ICO will be on heavy surveillance, nothing much can be done, because the crypto has been grow too big and it worry the government, as you can see the combination of crypto currencies transactions volume is very big, somehow the big number of transactions can decrease the tax income

[colvis]

if the government suicide in getting control over bitcoin, the crypto-currency market will fall to the ground because their will be alot of policy which they will implement which will be of their own benefit and not to the interest of the people. and the market being control by an individual or government agent can hiding the investors/traders, their will be alot of taxation in the business which no one will like to pay  

[1Referee]

If governments do this than they will fight against their citizens and they would limit the rights of the people

How can governments further limit people's rights? People are basically operating at full mercy of their government already, and regardless of the governmental actions against or in advantage of crypto, that won't change anything. Bitcoin itself will always be an availability for you to use, and that's the best feeling in the world. In that regard, you could even say that Bitcoin is regulating the government, and thus has booked an instant win over them already. Governments can only win over the centralized part of this market, which isn't that big of a deal for me, because at the end of the day, we can choose to avoid that centralized part. If you want, no one will be able to stand between you and your freedom with Bitcoin, never forget that.

[mOgliE]

Hi,

That's a real issue, indeed. I think the fact that there is no authority is one of the most important characteristics of cryptos.
Over the short term, I think there is no threat. Governments and laws are slow.

But indeed, over the long term, they can invest and become whales. They can finally be powerful enough to control prices. Which would be even worse than the current situation.

Investing in real, tangible thing is a solution. Travelling can be another.