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ongkok87
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January 19, 2019, 03:39:15 PM |
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Bitcoin or cryptocurrency very high fluctuation market and it still unregulated in many country. I dont think government make investment in bitcoin or others crypto because its about public fund. Government should collect taxes or make good budget for people and not involve in any market or investment
it's true because if a country is willing to legalize bitcoin and other crypto then the government will certainly set taxes for other bitcoin and crypto users too, because government support is very important for the development of bitcoin and other cryptocurrencies |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Warkop
Sr. Member
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Activity: 1148
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Vave.com - Crypto Casino
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January 19, 2019, 04:58:10 PM |
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Bitcoin or cryptocurrency very high fluctuation market and it still unregulated in many country. I dont think government make investment in bitcoin or others crypto because its about public fund. Government should collect taxes or make good budget for people and not involve in any market or investment
it's true because if a country is willing to legalize bitcoin and other crypto then the government will certainly set taxes for other bitcoin and crypto users too, because government support is very important for the development of bitcoin and other cryptocurrencies Yes, it seems I agree with your thoughts. In my opinion, it won't be easy for them to invest their money with Bitcoin, because I think if they want to invest in Bitcoin, they have to learn more about cryptocurrency to avoid the risk of heavy losses in their investments. |
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ethereumhunter
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January 22, 2019, 03:44:46 AM |
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Someday, the governments will realize that bitcoin can be a new solution to solve the financial problem and the governments will take part in bitcoin and the blockchain technology by using their resources to help bitcoin. But we cannot expect that will happen in short because the governments need to think about the advantage and disadvantage of bitcoin to them. Maybe they will apply taxes for bitcoin user to pay some amount of making the transaction like what we did in the bank.
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bp124
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January 22, 2019, 05:19:46 AM |
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I know there is allot of politician and government sector investing into bitcoin secretly but they are pretending as if bitcoin is a demon , right now politicians , bankers , lawyers , many stake holder and influential people across the globe are investing into bitcoin secretly .. they know that one day bitcoin or altcoin will take over fiat money .. they are the one manipulating the market right now .. they wanted to hold more bitcoin before the SEC accepted it ..
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arakosta
Member
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Activity: 127
Merit: 10
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January 22, 2019, 06:50:34 AM |
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I don't believe governments are investing in Bitcoin because it doesn't make any sense. First of all, it's illegal in some countries, unregulated in most and it's just too unpredictable for a central bank to invest in.
Second of all, Bitcoin is about decentralization, going against central banks and everything they stand for, why would they invest in that?
All that apart, I do believe government individuals certainly invest and own lots of Bitcoins and other Cryptos, but that's not relevant.
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cahbagus555
Member
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Activity: 756
Merit: 12
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January 22, 2019, 08:54:43 AM |
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I dont think government or central banks investing their fund in cryptocurrency or bitcoin. Public funds should be transparant and government should not speculating public funds. Its more easy for government to create their own cryptocurrency rather than investing in cryptomarket
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Wong Kalong
Member
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Activity: 377
Merit: 10
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January 22, 2019, 09:28:04 AM |
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I dont think government or central banks investing their fund in cryptocurrency or bitcoin. Public funds should be transparant and government should not speculating public funds. Its more easy for government to create their own cryptocurrency rather than investing in cryptomarket
It appears that the government will issue its own crypto in connection with the exchange of fiat, in that case, the government will be able to withhold taxes. I think that's a positive form of government's appreciation of having to set the bitcoin according to the progress of time. |
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erikoy
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January 22, 2019, 09:38:30 AM |
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I don't think the central bank will use cryptocurrency, he will use digital currency. Note that digital currency, because cryptocurrency is not controllable, any stable and powerful countries will not use it, so don't think about it!
Yes of course, digital currency were just being created for the sole purpose of decentralization where the author or the founder of it wants to have a peer to peer transaction that could lesser transaction fee without the third parties like of those banking system. The transaction fees in the decentralized system has relatively smaller compared to banking system. Yet, it is still dependent on fiat currency because decentralized digital currency is not yet adapted but only being used in fewer establishments. So, this is the problem with the use of digital currency. Hopefully that it will be added as a payment option in the near future. |
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ethereumhunter
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January 23, 2019, 04:29:19 AM |
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I think the government will consider bitcoin, after so many bitcoin users in the world.
The development of the era continues so this will make the government act wisely.
The governments aware of the new technology because they are create something using the technology. And with the new era which already begins, I think the government will make a decision related with blockchain technology, and if they are very concern with the new payment system which is brought by blockchain technology, then they will learn to know the advantages and the disadvantages. We need to have patience until they make some explanation related to bitcoin. |
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electron-coin
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January 23, 2019, 04:36:19 PM |
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I think that governments and banks have been accumulating bitcoins for a long time. Perhaps that’s why the norms for bitcoin regulation, prohibition of fraudulent schemes for trading on the exchanges have not been adopted for so long. Until now, there are a number of countries that prohibit any bitcoin operations for their citizens. After all, while there are no proper laws, many people will consider cryptocurrency dangerous and uninteresting and, accordingly, such an idea about them will not buy them. This in turn allows governments, banks and the rich people to accumulate bitcoins and, in parallel, make money on them. After all, let's face it, you or I, for example, with your own 10, 20, 50 bitcoins, not will be able to significantly influence the rate of bitcoin.
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whirlcoin
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January 23, 2019, 04:48:50 PM |
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Bitcoin and government two prime factors in cryptocurrency world.many countries government gives permission to use bitcoin as their trading systems and many others countries don't permit bitcoin.
the government and the Bitcoin will not be closed or atene period of time because the situation is made up like that if the government wants to accept Bitcoin then lots of problems will definitely be available for the usage of normal country currency will be came to the government. |
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FUD Expert
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January 23, 2019, 04:51:31 PM |
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It would be silly for central banks to not be accumulating some Bitcoin just in case. They understand how money works..
They are just resisting as long as they can but majority will decide to adopt bitcoin and after that happens, they have no choice but to accumulate btc too. But I don't see it happening in the near future but let's see if ETfs will make the happen much sooner. |
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ballerin and giroud
Member
Offline
Activity: 868
Merit: 16
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January 23, 2019, 04:56:49 PM |
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They can use bitcoin if they are not hypocritical. Most of every government prohibits bitcoin for any use, but I think that is not something that is worth doing. They should accept bitcoin well and let everyone use bitcoin. For banks, I strongly recommend using bitcoin which can be used to send money that is different from the country, we know that sending money that is different from countries uses a long time, this happens in my country. But when they use bitcoin, maybe they will know the convenience.
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