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Author Topic: Will the government ban bitcoin?  (Read 1837 times)
dear53
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March 10, 2018, 04:50:39 PM
 #61

Government should not ban bitcoin because bitcoin price increase day by bay.Its helps the government grow quickly.Bitcoin is one of the best coin ever but some country ban bitcoin recent year for its price ups and down Angry Angry Angry
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Angletim
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March 10, 2018, 05:02:46 PM
 #62

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?
Yes, there are a lot of countries around the world that ban bitcoin, and they still think bitcoin is a scam, and the government is trying to persuade people not to invest in bitcoins. But now that countries accept bitcoin and recognize the legitimacy of bitcoin, I believe more countries will choose to accept it in the future.
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March 10, 2018, 05:18:12 PM
 #63

Government already has banned the Bitcoin. Almost all the country has give red color to Bitcoin as it has no authority to control. Any one can use it and can do anything with it. Anyone can make his black money to white money by using this. So government banned it.

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brooklynian
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March 10, 2018, 05:29:18 PM
 #64

Government will not ban bitcoin or other cryptocurrencies. What the government may do is to regulate the cryptocurrency market as they now feel that cryptocurrencies can be used to finance terrorism. On the other hand, don't forget that the government will move to wage war against anything that is poised to eradicate or replace money. Government is selfish!
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March 10, 2018, 05:34:36 PM
 #65

The possible for the government to ban bitcoin is this, if they sought that bitcoin has no good effects in their country. Or bitcoin might be an instrument for some crime. That is the downside of bitcoin. Some opportunist might use this cryptocurrency for their own wrong doings.
Yassin
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March 10, 2018, 05:38:37 PM
 #66

Over time we can not deny that all societies have many people who know and use bitcoin as a source of income but on the other hand there are few problems in some countries because bitcoin is not legally acceptable and must follow legal compliance.
and it happens in my country but all is still running and the government can not sanction because the state has never been harmed and needs to be underlined that the presence of bitcoin actually brings many positive impacts to the country's economy.
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March 10, 2018, 05:41:59 PM
 #67

Now governments in my country are trying to follow blockchain technology, so it's possible the government will try to accept bitcoin so as not to ban it and this is a very good development of Bitcoin in my country.
Marrionbitcoin
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March 10, 2018, 05:53:50 PM
 #68

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?

Actually, Bitcoin should not be banned because it helps so many people to earn extra income and saves for the future by trading or others like Bitcointalk wherein you can earn Bitcoin.
Bitcoin can also helps us to saves time and effort by paying our bills thru online using Bitcoin as mode of payment that has no fees and hassle free. And it can reduce the poverty rate because Bitcoin can help others on how to earn income by trading Bitcoin and Altcoins and also it helps them to become aware and have a mindset on ways how to earn and save money.
MiningBattalion
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March 10, 2018, 06:01:05 PM
 #69

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?

You no need to worry about it buddy. Because it's not possible to ban the bitcoin by the government. China government announced bitcoin as a illegal one.But still now lot of Chinese traders involved in bitcoin trading. By using the VPN,they doing such things.
tikaka
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March 10, 2018, 06:02:33 PM
 #70

I do not think the government will do this,. Because bitcoin is growing and contributing a lot to our lives. Bitcoin is helping the economy of many countries. I think the governments should not ban bitcoin. Make use of it to develop your country's economy

krayzie32
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March 10, 2018, 07:36:42 PM
 #71

i think that we shoud stop talking about the banning of governments. all of them are fake news. no one wanna ban btc, they just wanna find out the way to control and collect tax from it

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joblessminer
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March 10, 2018, 07:43:02 PM
 #72

They can try, but the tech will always be here for those who live on the bold side. Like PinkDate.is for example. It's completely illegal to give out unregulated securities, let alone make an anonymous escorting platform on the blockchain, but they're still doing it.
lamcouz
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March 10, 2018, 07:44:21 PM
 #73

 From banks and governments I already know that nothing will change, but when it comes to people, it all comes down to education. If they understand what Bitcoin is, what decentralization means, and the freedom that comes with it, they eventually will change their way of thinking, I am sure of that.I think in a small country it will be coming rich because they are only few on their using bitcoin and only of few them are doing business using bitcoin maybe it was started for them to going in high profit for that. And that's true we know bitcoin have no taxes so that's we are bitcoin user we easily get our money with no tax against to government.that directly goes up for banks and governments as well.
yvesp110
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March 10, 2018, 07:46:44 PM
 #74

the government should not ban bitcoin, because bitcoin can grow well and help the country's economy. but there are countries that are banned from bitcoin and that usually happens because of government rules. but there are so many traders who remain in cryptocurrency for profit even though the government is banning bitcoins.
Rulers of many countries feared from bitcoin faster growth. They think that bitcoin will eat and break down their country economy. If more people of a state interested in buying bitcoin. The country economy will grow faster.  Bitcoin will support any country economy rather than to break it. Banning bitcoin is not a good decision the owner of bitcoin from banned state will start investing in bitcoin from other countries.
EUROPEANTURK
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March 10, 2018, 07:49:01 PM
 #75

I dont think government will ban Bitcoin because governments know Bitcoin will be money system of future so governments will need that system and it is usefull system and people want to use that system too.
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March 10, 2018, 07:54:06 PM
 #76

What pessimistic view did you post here, if it were for the governments to ban bitcoin so that no one would use. the US would have done it a year ago. obviously they could move all their resources they could even end bitcoin years ago, but they did not do it because it does not come bitcoin like a big threat, even though there are cases of using bitcoin for illegal activities yet there are not thousands of cases In addition, governments through banks can control people.

... Will the government ban bitcoin?

NO, only a few countries with shadowy political regimes can ban bitcoin

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cherrymobile
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March 10, 2018, 09:52:25 PM
 #77

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?
There is a possibility that bitcoin would he illegalized in some countries. Especially ones that think bitcoin is a parasite fot their economy. After all we all view things in a different perspective. But I am very sure that one day people as well as countries that illegalized the use pf bitcoin would adopt it once tge price gets so high to not be noticed
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March 10, 2018, 10:00:23 PM
 #78

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?
It doesn't matter wethere govermments ban bitcion or not, its not like they have control over the netowrk and can block trnasaction and so not, using bitcoin is anonymous which means they will never know wich country or who is sending or reciving all is hidden behiend the bitcoin address that people use, and this is a well known thing to all bitcoin users, govermments relize this they relize that they can't prevent people from using it, so they can either ignore it or accept it and use it to their advantage just like what happend in germany.
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March 10, 2018, 11:33:37 PM
 #79

It's up to your country if they will ban bitcoin. If they think bitcoin did not follow and obey law, I think they can do it. Tax is important to the government but I'm not sure if we are paying tax.
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March 10, 2018, 11:50:22 PM
 #80

you made again this threads so many topic about government bitcoin ban, i will recommend to you my friend before you make a new thread make sure there nothing the same. some government want to ban crypto because they to regulate bitcoin as currency there's only one reason i can seen on that issue, because government want to collect taxes from crypto's.

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