Bitcoin Forum
January 22, 2020, 05:34:12 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [21] 22 23 24 25 26 27 28 29 30 31 32 »
  Print  
Author Topic: Will the government ban bitcoin?  (Read 1837 times)
Coinky
Jr. Member
*
Offline Offline

Activity: 166
Merit: 2


View Profile
April 26, 2018, 01:50:15 PM
 #401

Governments all over the world do not want their own currency lose its importance/value against cryptos and they will always try to ban any such system.China and many countries have already declared bitcoin/cryptos as illegal.But still cryptos are surviving .

::::I DON'T WEAR ANY SIGNATURE:::
1579714452
Hero Member
*
Offline Offline

Posts: 1579714452

View Profile Personal Message (Offline)

Ignore
1579714452
Reply with quote  #2

1579714452
Report to moderator
Visit and contribute to reddit.com/r/Bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1579714452
Hero Member
*
Offline Offline

Posts: 1579714452

View Profile Personal Message (Offline)

Ignore
1579714452
Reply with quote  #2

1579714452
Report to moderator
1579714452
Hero Member
*
Offline Offline

Posts: 1579714452

View Profile Personal Message (Offline)

Ignore
1579714452
Reply with quote  #2

1579714452
Report to moderator
Gondwanaland
Full Member
***
Offline Offline

Activity: 354
Merit: 100



View Profile
April 26, 2018, 01:53:52 PM
 #402

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

Itvis possible that the fovernment will ban the bitcoin because we all know that they are powerful. There aee many coubtries that they ban bitcoin because of the laws that they have. But as I see they are not become successful because even they banned it there's still a lot o f people are in bitcoin.

RATEONIUM              Twitter       Telegram     Reddit   
GLOBAL BLOCKCHAIN BASED PRODUCT
██  ██ SERVICE RATING PLATFORM Gothic ██  ██
bitcoinVPSD
Full Member
***
Offline Offline

Activity: 420
Merit: 101


View Profile
April 26, 2018, 01:56:45 PM
 #403

In my opinion, governments will not forbid bitcoin as it is growing day by day and is spreading in positive direction. I think governments will not try to ban it, but the government will promulgate regulations and tax policies so that bitcoin can be applied to the people of their country. People can exploit and use bitcoin. from that helping to develop their country's economy.
ILuckyGuyI
Member
**
Offline Offline

Activity: 686
Merit: 10


View Profile
April 26, 2018, 01:57:38 PM
 #404

I don't think governments will ban Bitcoin in the future on the contrary i believe they will make Bitcoin the only currency. I don't think they will ignore Bitcoin's potential.

schatzi
Newbie
*
Offline Offline

Activity: 116
Merit: 0


View Profile
April 26, 2018, 02:07:12 PM
 #405

It could be because it depends on the government will banned bitcoin or not. Because the government thinks bitcoin could have disrupted the country's economy. And the government did not want to take that risk, it's the main factor why the government ban bitcoin.
Froloff92
Member
**
Offline Offline

Activity: 238
Merit: 10


View Profile
April 26, 2018, 02:12:31 PM
 #406

Most of the country are accept this. Bitcoin is a digital currency. Some county are ban bitcoin, because they think people use bitcoin for illgel activities.
ArkiCrypto
Member
**
Offline Offline

Activity: 224
Merit: 33


View Profile
April 26, 2018, 02:14:17 PM
 #407

One of the possible reasons for a country to make a law in order to prohibit the use of Bitcoin and other cryptocurrency is that transactions made by the use of Bitcoin and other cryptocurrency can’t be traced by the government. Consequently this transactions can’t be taxed by the government, leaving a big impact unto the income of government.

Also, the government view Bitcoin and other cryptocurrency as threats to the their local currency, economy, and as a possible platform in committing of different types of crimes by anonymous law offenders taking advantage of the their identities being unknown by the public except the informations that they have chose to input into their profiles.

However, the possibility of banning the Bitcoin depends to the government of a particular country.
trk
Full Member
***
Offline Offline

Activity: 230
Merit: 100



View Profile
April 26, 2018, 02:19:50 PM
 #408

Governments aren't going to ban Bitcoin now. It has become too big to fail now. Billions of dollars have been invested into Bitcoins. Government isn't going to straight out ban a thing with such a big market cap.

Unfortunately, government doesnt care about marketcap.
They have power to create regulations for their own country as they see fit.
So, yes it is possible and some countries will like we can see now.
But bitcoin, again, is to big to fail. They can ban it, but they surely cannot kill it

S_tring
Full Member
***
Offline Offline

Activity: 252
Merit: 102


OPEN Platform - Powering Blockchain Acceptance


View Profile
April 26, 2018, 02:25:05 PM
 #409

I think not.is that even technically possible?I think that even if banned it's all for a while and everything will be as it was usually

OPEN Platform | Powering Blockchain Acceptance [ICO]
❱❱❱❱❱❱❱❱❱❱❱❱❱❱❱Blockchain's First Payment API❱❱❱❱❱❱❱❱❱❱❱❱❱❱❱❱
Whitepaper  ●  Slack  ●  Facebook  ●  Twitter  ●  Reddit  ●  Telegram
ajoygb
Newbie
*
Offline Offline

Activity: 182
Merit: 0


View Profile
April 26, 2018, 02:47:40 PM
 #410

Why government ban bitcoin if it is a big help for them especially the application where bitcoin used.  We all know  that government is about transparency and good governance so bitcoin is big help for them.  For a cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.
evichi
Jr. Member
*
Offline Offline

Activity: 308
Merit: 2


View Profile
April 26, 2018, 02:48:49 PM
 #411

Government decision regarding Bitcoin is discretional. It all depends on the government's opinion regarding cryptocurrency. Switzerland, Japan are cryptocurrency friendly. Other countries like Australia,  etc. are coming up with regulations on the use of Bitcoin. Certain hotels in Russia have plans to accept Bitcoin as method of payment for the upcoming World Cup. In my opinion,  the future of Bitcoin bright despite certain stringent regulations.

-ANON-ANONYMOUS BITCOIN- https://twitter.com/ANON_WeAreANON
-TECHNOLOGY OF BITCOIN AND ZCLASSIC-http://anonymousbitcoin.io
Bet9ja111
Newbie
*
Offline Offline

Activity: 154
Merit: 0


View Profile
April 26, 2018, 02:50:41 PM
 #412

At my opinion would be very difficult for any government to ban bitcoin. Internet nowadays have many possiblilties and can't be controled that easily like newspapers for example
MetalGear
Sr. Member
****
Offline Offline

Activity: 714
Merit: 250


View Profile
April 26, 2018, 02:58:11 PM
 #413

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

The decision of government's banning of bitcoin is subjective. They all have their own reasons why they bitcoin among their citizens. This is an unfortunate event because we all not see the same things. Some think it is bad for their economy. But fortunately, not every government is like this. My country is one of these countries that are open to innovations and new opportunities from cryptocurrency.
Lalafell
Sr. Member
****
Offline Offline

Activity: 784
Merit: 250

CryptoTalk.Org - Get Paid for every Post!


View Profile
April 26, 2018, 03:02:07 PM
 #414

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

Bitcoin is great because even though some government has limit its citizens from using cryptocurrency, bitcoin is still popular and on demand. I think the reason behind this is because the are freaking out or paranoid that bitcoin is decentralized and they will be powerless to use it for their own good. Bitcoin doesn't kill the economy, it encourages the people to be part of it.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
CryptoTalk.org| 
MAKE POSTS AND EARN BTC!
🏆
ADEMNL
Member
**
Offline Offline

Activity: 159
Merit: 10

einc.io


View Profile
April 26, 2018, 03:04:47 PM
 #415

I think that they will not do anything with bitcoin. If they wanted, long time ago they destroyed bitcoin. They understood that it is useless to struggle with it, it is easier to legitimize and impose taxes on trade in crypto-currencies

          EINC   ■■■■■   ETHERINC - an ETHEREUM FORK   ■■■■■   EINC         
DAO 2.0 is LIVE - Register your DAO Now ▐||   ETHEREUM HOLDERS ((   CLAIM ETI    ))
Whitepaper   ▲   Telegram   ▲   Twitter   ▲   Medium   ▲   Reddit   ▲   ANN Thread
Core.BUSTER
Sr. Member
****
Offline Offline

Activity: 570
Merit: 250



View Profile
April 26, 2018, 03:05:40 PM
 #416

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

Bitcoin only aims to help the people by providing more payment method and also a source of income for aspiring investors. If the government bans bitcoin, people will have hard time because they already invested on it. Bitcoin gives us hope and taught us how waiting patiently can take us to our dreams so I hope that the government will wait patiently too to see that.
elvera
Jr. Member
*
Offline Offline

Activity: 109
Merit: 4


View Profile
April 26, 2018, 03:07:39 PM
Merited by maxxdxx (4)
 #417

There are few countries that restricted Bitcoin trades and in addition different Cryptos. Banning bitcoin in other countries will be possible to be happen because there is no control over them. If the advantages brought by Bitcoin are sufficiently huge, the administration will definitely permit it. The greatest downside of Bitcoin is that it won't control any administration, and they won’t have the capacity to control Bitcoin, which will greatly affect the economies of different nations.
marcuslong
Legendary
*
Offline Offline

Activity: 1036
Merit: 1002


View Profile
April 26, 2018, 03:09:06 PM
 #418

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
If he government are corrupt maybe they will create another blockchain which they will get more fees whenever withdraws happens , why government should not ban bitcoin there are some reasons first bitcoin can be the reason to grow the economy it depends on how they use it. More people are satisfied to use bitcoin because they can get what they deserve for hard working. The development of coins are making more which it makes more faster than other. Also government here in my country are supported by senadors/government and its already legalize by the bank.
bellator66
Newbie
*
Offline Offline

Activity: 196
Merit: 0


View Profile
April 26, 2018, 03:15:03 PM
 #419

Yes, the government forbids free circulation of bitcoin.
Bitcoin is not a currency, but an asset.
There are several reasons why bitcoin is prohibited to circulate freely. One of them is the government feels it can not add value from its circulation.
neerajmittaljii
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
April 26, 2018, 03:17:21 PM
 #420

Governments will definitely not ban cryptocurrencies.They all see the advantages of cryptocurrencies and they want to profit also.So they will have regulations in order to keep control and to tax the transactions.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [21] 22 23 24 25 26 27 28 29 30 31 32 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!