WHAT IF the GOVERNMENT wins over BITCOIN?

[okissabam]

That's what came into my mind too and that's a real issue some people are scared of because if ever the governments win over Bitcoin and starts to legalize them then I'm pretty sure it would be the start of Bitcoins downfall. But we'll never know what could happen if it will be legalized and regulated, it could even be a good thing in the future.

[trickyriky]

I think bitcoin today has reached such level of development that it will be almost impossible for the state to win over it. Especially because some governments actively support cryptocurrencies and bitcoin.

[ofelia25]

I think bitcoin today has reached such level of development that it will be almost impossible for the state to win over it. Especially because some governments actively support cryptocurrencies and bitcoin.

You are right, there is no way that the government will gonna win over bitcoin since bitcoin has been widely adapted nowadays, and the demand is increasing rapidly despite that fact that some countries already banned it still they tend to do it well.

[Washball]

Cryptocurrencies will be regulated worldwide and it won't take so long for that to happen. Decisions will be made with the G20 discussion on cryptocurrencies this month. Governments want to stop money laundering and other criminal activities, but the main reason is that they want to tax cryptocurrencies and keep control. They are afraid bank accounts will be emptied and tenders will be in danger. With the regulations Bitcoin will be centralized and the price will no longer increase. Investors will stay away from centralized cryptocurrencies.

[Olega252]

How can the government win, it's like opening the crypto currency pool in 51%, all countries in the world need to connect to how to start regulating, they do not know which side to approach, because we are one step ahead of them. They also need to do something that will pound the impasse of all investors in the crypto industry

[YzzyGo]

Upside with these kinds of regulations is better protection from scam ICO's that have multiplied a lot since last year. Wuuldn't you be safer knowing that the government approved an ICO? Downside is, taxes. Bigger taxes.

[coinmgnet]

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?

It is the lack of regulations that actually keep people away from Bitcoin. Because they fear the uncertainities.
If the government will have some regulations on crypto, people will know what to expect from it and this way more and more people will get confident about investing into crypto.

[Veterock]

Any government can't win over bitcoin because they haven't such possibility!They can try to make some control using buying large quantity of cryptocurrencies

[kotajikikox]

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 agree for the regulation about cryptocurrency if this the way for crypto become legal in the whole world, i think the regulation made by the government for bitcoin or cryptos are how to collect taxes in the cryptocurrency. I don't no how to regulate and control crypto using the new technologies of currency becuse hard to monitor the as awhole the IN and OUT founds using cryptocurrency.

[samcrypto]

I think bitcoin today has reached such level of development that it will be almost impossible for the state to win over it. Especially because some governments actively support cryptocurrencies and bitcoin.

Government can't control bitcoin because its spread out around the world and they cannot dictate any country to make this thing illegal. Some government are now embracing this kind of technology, therefore cryptocurrency will sustain its power in the coming years for sure.

[Ozero]

This year really should be a year of regulation of the crypto currency. We need to be prepared for the fact that when entering exchanges and exchangers we will be asked to be identified for the tax authorities, or such a tax will be charged automatically upon the exchange without identification. It seems that sooner or later it should happen all the same. However, there are many positive moments in this, since the crypto currency will be legalized, with a clear status and will be protected by the state. In addition, the ICO process will be finally regulated and possibly fraudulent projects will be eliminated.

[Jacsnuffles]

There are several news about the government taking actions crypto. Not directly to Bitcoin but with the holders and cryptocurrency exchanges. I believe that it is still for security reasons but we can't deny that it has an effect to the market, at least a little, i guess. It is not FUD, it is a mere fact that the government are trying their best to regulate cryptocurrency on their own way. So what I said from the start of this topic, we must be ready and aware with everything that might happen because of this issue. We believe in Bitcoin, but we must know how to handle our money well. Invest in crypto, invest in real properties as well.

[JerryJam]

In some States, the cryptocurrency already has a legal status.In the rest, there is still the problem of regulation and control. This can prevent the increase in crime of fraud with illegal actions and money laundering. This will help prevent the growth of corruption.The rules can stabilize the cryptocurrency market and stabilize the economy of the state.

[om_iyo]

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?

It's a good idea. Most people keep their asset into property, gold, etc. But, you have to pay some taxes for them. How about if you invest to another business, like manufacturing, coffe shop, etc?? Even it must pay taxes also, but it turns an economic-wheel.

[cryptohacker29@]

Then lots of people around the globe become bankrupt because a huge money is invested in botcoin. Lots of people will unable to exist freely in the society as they sell there houses are many important things to get quick rich. They will definitely disappointed with it. So government should not have to ban it.

[kache2018]

Having a decentralized way of bitcoin/currency circulation, I simply think that it will take many years for the government take control of it. It really is hard to maintain the supply and demand of money if the investors have control of their stakes whether they want to sell it of keep it.

[RedzoneASE]

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?

If this could really happen then I would also prefer to stay in btc. Though government will really control our freedom in crypt but if we still smell the profit then maybe let's just stick on our current situation.

[proTECH77]

No doubt that the government are not in control of cryptocurrency and as such seem not to be in support of the currency. If the government eventually wins over bitcoin, it will result to the fall of the currency.

[Doge dealer]

lets face it even though im an advocate for privacy, too many people are being taking advantage of because of the   anonymity that exist in bitcoins.too many people are  scamming the "less educated" bit-coiners ....monitoring and knowing who is who has become necessary as too many dedicated people are being fleeced of their monies.whilst monitoring should not be necessary we cannot stand by and watch honest people who trying to build bitcoins be taken fools of and maybe even become anti bitcoin advocates because they were scammed and had no recourse.

[carlfebz2]

lets face it even though im an advocate for privacy, too many people are being taking advantage of because of the   anonymity that exist in bitcoins.too many people are  scamming the "less educated" bit-coiners ....monitoring and knowing who is who has become necessary as too many dedicated people are being fleeced of their monies.whilst monitoring should not be necessary we cannot stand by and watch honest people who trying to build bitcoins be taken fools of and maybe even become anti bitcoin advocates because they were scammed and had no recourse.

Part of the reality where people would really go that way when they do firstly experience not so good with bitcoin specially when they are being scammed on the very first place.I do believe that "first impression do last" which means if they do experience bad on the very first place then it cant really be avoided or they cant be blamed if they would go negative with bitcoin.We cant really remove those people who do make advantage with bitcoins anonymity and this is one of the flaws.