WHAT IF the GOVERNMENT wins over BITCOIN?

[DominRx]

If the government prohibits the crypto currency, the easy earnings will be lost (this is one of the most important), the hope for an anonymous currency will disappear (no one controls the currencies) .. In the end, everything will be bad ..

[patrickreiner]

Governments can't "win" over bitcoin as bitcoin isn't owned by any government, it's owned by people. Yes, they can impose regulations, etc, but that doesn't really stop crypto.

[RodeoX]

"wins over"... What does that mean?

Bitcoin is a math algorithm. It treats us all the same. Governments, poor people, "whales", red heads, etc.  There is no winning.

[Harrisonimo]

It will come to a point of agreement; the government being given a place of agreement with the Cryptocurrency markets. Just like I believe these plans will be rolled out soon and I do hope it will be a win-win at the end.

[Doell]

The government has high funds but they are not strong enough to regulate the cryptocurrencies in which the largest community is bitcoin ,they can degrade the value but it will not go down until it is worthless well besides we have a whale group ready to hold the pain down

[Rinzo]

as it is, the government has no control over bitcoin and people are always afraid of what they don't have control over. if they win, lets hope for the best. lets hope they just lay down policies to govern bitcoin just like other currencies and exchange rather than shut it down

[AVAMONEY]

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.

I like the way you thinking. Of course crypto is not the only one digital currencies in the world. Those governments only made the news about it to push down Bitcoin and other crypto coins to be more widely. But, actually i do agree with regulated of limited ico published, because we have many coins/token in the market already so far, so if there is any new ico that has good project with reliable point offers this should be welcome to the market otherwise i think we not need many new one.

[jpespa]

If government wins over bitcoin I think the essence of bitcoin may change or actually be gone. Of course the government will set rules that will definitely favor their side more than the people who use bitcoin. Liberty maybe gone because the government have now the control of bitcoin. Just the news of bitcoin having tax has already big impact on the community how much more if they make another rules that will definitely destroy the bitcoin.

[marjil]

if the government wins for bitcoin I think the government would have greater authority access to regulate bitcoin use and maybe the government could apply taxes to bitcoin owners and more worries the government could at any time close bitcoin

This is what they are already trying to do. If the governments can govern the bitcoin system, even if they don't control it, they can still get taxes from it. This is why China is having second thoughts about the whole crypto system because they know they can use bitcoin to their benefit and that's why they are acting the way they are.

[Yarsk]

You have said it all we are all here because of the freedom cryptocurrency offer us and that is the major point the government is concern with. The government want to control the freedom of the people and at that will always drive majors to regulate and control that freedom

[LexYoong]

The government fears that bitcoin will become a new power with which they can not fight. There are cryptocurrency books that speak and tell much more about this topic.

[GreenPowerRanger]

Which gouverment and how should they win over bitcoin? You see the biggest countrys like china are against bitcoin. But it looks like they people of china doenst care what their gouverment say. They just still keep trading with cryptocurrencies. Even when they censor the internet, the people got always news ways to bypass these bans and censor. So if any gouverment starts a war against crpytoworld, they can just loose. So dont worry about bannings from countrys, they just FUD news to lower the price for the whales.

[MIZANUR5033]

It’s not possible government wins over Bitcoin. It has multi uses and its not a country based currency.
It’s now a community and popular all over the world even some of the country also understand It’s another opportunity to increase the county economy though some of the country don’t agree with us they seem it’s the illegal or destructive currency for the general currency that’s why some of the country also ban the coin.
So It can say that The government can only ban the coin not to over it. If the investor use it as virtual transaction how the gov.t block this. Either govt. allow it and imposed on tax in every transaction than the economy will increase soon. So it’s not possible to win Over Bitcoin.

[NotAtOld]

If the government wins over Bitcoin through regulations, things from the usual will probably change. Taxes will be everywhere, so as much as we can, save more money or invest with physical properties. Bitcoin will not end, you just have to make yourself be prepared with something unusual that might happen, like getting insurances. And be alert and updated with the price of BTC. Handle your assets well. Especially this digital asset.

[pumbum]

you just need to remember to withdraw profits. and you can not fan that cryptocurrencies or any other solution is a panacea. That's all she wrote. of course, any investor is trying to secure their funds and this is the main thing

[boddy.dy]

If government wins over bitcoin I think there will be a big changes to the process flow of bitcoin. Maybe this will be a good advantage to those people who are pro sided with the legalization of bitcoin with their country. Just imagine that if the bitcoin will be full recognize with the government of your country. This is just like saying that bitcoin will be fully operated and will be embrace of all the people in the country. Somehow the disadvantage that this might give to bitcoin is its price or value. Surely if this will be over the control of the government the price or value of this will be regulated for sure by the government. 

[celcoid]

Hahaha,  we would back our bags and lodges and go into the push to cultivate the soil in other to grow rice and fruits.  After all,  life still continues as it used to be before the existence of bitcoin and the blockchain as a whole.  But I doubt if the government And Central Bank can win  over a whole community of people around the world who are into cryptography.  So they should mind their business.

[CASTIEL05]

What we are expecting in cryptocurrency? Do you think the government will just let the people to become decentralize?
The purpose of the government is to regulate things in their state. Imposing of laws and regulation is the job of the government. We, as a citizen of our beloved nation, must follow the rules and obey the law in accordance to our rights. Bitcoin is an income sources and many criminalities will make because of the greediness of the people and not in bitcoin.

[burakdat]

Yeah you are probably right investing in tangible things might be the best thing to do. However, balance it also with cryptocurrency. Since there are still many investors or crypto believers that give hope on it. For now current market for crypto is not that good then if ever government will interfere then this will scare off to some other members here. Yet believing in bitcoin or any other crypto is still the best thing to do. We may not get for what we want now and seems crypto has lay down low but for sure that there is a bright future ahead for the cryptocurrency.

[Jay Jay crypto]

the cryptocurrency bitcoin the biggest bubble in the world today, or a great investment bet on the cutting edge of new-age financial technology? My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse.

If you haven’t been following the bitcoin story, its price is up 600% over the past 12 months, and 1,600% in the past 24 months. At over $4,200 (as of 5 October), a single unit of the virtual currency is now worth more than three times an ounce of gold. Some bitcoin evangelists see it going far higher in the next few years.

What happens from here will depend a lot on how governments react. Will they tolerate anonymous payment systems that facilitate tax evasion and crime? Will they create digital currencies of their own? Another key question is how successfully bitcoin’s numerous “alt-coin” competitors can penetrate the market.