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Author Topic: How could bitcoins survive further  (Read 3258 times)
fiulpro (OP)
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July 07, 2018, 11:57:01 AM
 #1

In recent days we have seen lots of news which are negative about bitcoins and how government and Banks are doing whatever they can to limit the exposure of Bitcoins to people.
Like recently the banks banned the bitcoins transactions in India and since there is no money or hand to hand transactions going on now people won't be able to buy and sell bitcoins using the money in their banks . Person to person transactions is something that requires us to paly with a dice of luck.
What you think Bitcoins can do to survive in this world right now ?
What can it do to gain favor of the government and banks ?
Could it be possible that banks see it as an ally contary to a threat ?
Aren't government already regulating Bitcoins and aren't they already making people pay taxes how much they demand ?
What you think Should be the next move of Bitcoins.


I think there should be a body to Target these kinds of issues and body which will stand up for bitcoins and other cryptocurrencies and present them in from of the judiciary, so that everything can be fair .
Right now governments are doing whatever they please.

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July 07, 2018, 12:05:51 PM
 #2

the day bitcoin specifically is favored by governments, then we know we're in trouble!
why would we want banks to see bitcoin as an ally?
part of bitcoins reason to exist is to get rid of the banking mafia-like structure, printing money out of thin air.
don't ally with the enemy, it's for noone's gain except giving them control for a final kill! I think, atleast.

just wait them out, we finally have something which is not controlled for anyone's direct gain, where people are in control of their own funds.
is there a reason that's not preferable above banks?

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July 07, 2018, 12:45:45 PM
 #3

the day bitcoin specifically is favored by governments, then we know we're in trouble!
why would we want banks to see bitcoin as an ally?
part of bitcoins reason to exist is to get rid of the banking mafia-like structure, printing money out of thin air.
don't ally with the enemy, it's for noone's gain except giving them control for a final kill! I think, atleast.

just wait them out, we finally have something which is not controlled for anyone's direct gain, where people are in control of their own funds.
is there a reason that's not preferable above banks?

The bitcoin will survive surely if many big investors, government and organization supports the bitcoin and with that it can develop and progress a better economy that can lead us stable and better life as we get further in our journey.
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July 07, 2018, 12:53:28 PM
 #4

the day bitcoin specifically is favored by governments, then we know we're in trouble!
why would we want banks to see bitcoin as an ally?
part of bitcoins reason to exist is to get rid of the banking mafia-like structure, printing money out of thin air.
don't ally with the enemy, it's for noone's gain except giving them control for a final kill! I think, atleast.

just wait them out, we finally have something which is not controlled for anyone's direct gain, where people are in control of their own funds.
is there a reason that's not preferable above banks?
The government and bitcoin joining force is impossible to happen, because as what we know, bitcoin is created to be decentralized, so its impossible to contolled and manipulated by someone. If the government want bitcoin, they need to do as what bitcoin want, they are the ones who needs to follow and not bitcoin follow their wants. I believe that in the future, we are only be using digital money, and the fiat money will be gone, but that would be another century i think.

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July 07, 2018, 01:30:16 PM
Last edit: July 07, 2018, 02:02:06 PM by hugeblack
 #5

Bitcoin has been created to get rid of restrictions imposed by governments so unless the internet is completely shut down; it will still be continuous.
There are still some ways to buy Bitcoin without using banks such as paying cash to purchase gift cards "Amazon, Google Play,...etc." and then using escrow sites "localbitcoin, Paxful,...etc." to get the Bitcoins.
As long as there are people who believe in the need to reduce banks' dominance, there will still be support for the biotech that makes them strong

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Catmony
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July 07, 2018, 01:40:26 PM
 #6

I think there should be a body to Target these kinds of issues and body which will stand up for bitcoins and other cryptocurrencies and present them in from of the judiciary, so that everything can be fair .
Right now governments are doing whatever they please.
Nothing is above government and we have to keep in mind that we are living in a world where rich can do whatever they like so even if there will be volunteer organization formed to take stand for bitcoin, it can't challenge any of the government or big banks so its just worthless. Also bitcoin is decentralized and there is no any company/organization backing it up and all developers are working as volunteer so its hard to form such group.
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July 07, 2018, 01:40:44 PM
 #7

Bitcoin has been created to get rid of restrictions imposed by governments so unless the internet is completely shut down it will still be continuous.
right.  But we live under the rule of law the government.  if the government bans bitcoin and crypto.  We can hardly use bitcoin and crypto
fiulpro (OP)
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July 07, 2018, 06:39:53 PM
 #8

I think there should be a body to Target these kinds of issues and body which will stand up for bitcoins and other cryptocurrencies and present them in from of the judiciary, so that everything can be fair .
Right now governments are doing whatever they please.
Nothing is above government and we have to keep in mind that we are living in a world where rich can do whatever they like so even if there will be volunteer organization formed to take stand for bitcoin, it can't challenge any of the government or big banks so its just worthless. Also bitcoin is decentralized and there is no any company/organization backing it up and all developers are working as volunteer so its hard to form such group.

Hard but not impossible ' things could change if every single person who have an account on bitcointalk.org if even 50% of us think about it and form organizations at our respective countries we can make that happen.
The number of people who support it will run into millions no doubt , we could even do hand to hand transactions in parts where the government have banned the bitcoins.
It could help everyone , without obviously going against government we would be able to do what is right and what should be done.
They can stop banks but not individual dollar circulating in the market.
There is a limit upto what they can control.

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July 07, 2018, 06:45:05 PM
 #9

But, somehow, it will never stop people to keep buying bitcoins even when these bad news appeared publicly after all. So, you don't have to worry about the price of Bitcoin getting stuck or getting dumped because of the bad news. Bitcoin will survive since the Bitcoin itself is the future.
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July 07, 2018, 06:46:41 PM
 #10

It seems like you have constructed a post where your view is Bitcoin is losing when its obviously not. Looking at how things roll look at India where they just banned online banks transfers from their local crypto exchanges, why did they do that instead of banning their crypto exchanges right away? Because they can't it is their citizens right to earn and own cryptocurrencies and since their is no clear kaw stating it is illegal they cannot ban exchanges. Also with recent news these exchanges have found a loophole with banks, they just deposit the money over the counter for their clients withdrawals and their operations still continue. Banks and governments are just an obstacle what Bitcoin is really facing is their own investor's are running out of trust with their own investment.
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July 07, 2018, 06:53:34 PM
 #11

The more pressure will be on bitcoin on the part of governments, the more popular all crypto-currencies will be. Another 2 years and each person will have a cryptocurrency

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July 07, 2018, 07:20:22 PM
 #12

It does not matter what happens on the market, i am more than confident in that bitcoin will survive and there is no way to see it dying, so for me everything is good at the moment and there is no need to be worried about the current situation of the market

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July 07, 2018, 07:41:24 PM
 #13

I don't think that we can do anything to prove bitcoin. Let the government to their thing because it seems that crypto is unstoppable. Right now there are countries that appreciate it and there are against it. It will be the trend in the future and no matter what the pressure is, as long as there are willing to buy it then government's will have no way to stop it.

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July 07, 2018, 08:50:13 PM
 #14

Bitcoin has been created to get rid of restrictions imposed by governments so unless the internet is completely shut down it will still be continuous.
right.  But we live under the rule of law the government.  if the government bans bitcoin and crypto.  We can hardly use bitcoin and crypto
The government's banning people investing in bitcoins will not make us any more difficult. because the government can not control everybody to stop investing in bitcoin
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July 07, 2018, 08:59:11 PM
 #15

In recent days we have seen lots of news which are negative about bitcoins and how government and Banks are doing whatever they can to limit the exposure of Bitcoins to people.
Like recently the banks banned the bitcoins transactions in India and since there is no money or hand to hand transactions going on now people won't be able to buy and sell bitcoins using the money in their banks . Person to person transactions is something that requires us to paly with a dice of luck.
What you think Bitcoins can do to survive in this world right now ?
What can it do to gain favor of the government and banks ?
Could it be possible that banks see it as an ally contary to a threat ?
Aren't government already regulating Bitcoins and aren't they already making people pay taxes how much they demand ?
What you think Should be the next move of Bitcoins.


I think there should be a body to Target these kinds of issues and body which will stand up for bitcoins and other cryptocurrencies and present them in from of the judiciary, so that everything can be fair .
Right now governments are doing whatever they please.
With the ban that India does for me it will not unduly influence the development for the future, people prefer Bitcoin and any way they do to access it, come on more people waiting for the development of Bitcoin then it will not make them feel pounding, more news positive things that happen to every country that is not overheard by most people who are lazy to read, I am sure for the future they will change their minds, do not be too excessive to respond can be FUD.

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July 08, 2018, 08:20:31 PM
 #16

Bitcoin or any other crypto currency will not be supported by the government, as it is a decentralized currency no other third party cannot regulate it. This would make the government uneasy to allow the usage of crypto currency;. yet some countries are accepting the usage of crypto currency regardless the investment and acceptance from large firms will help bitcoin to survive.
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July 08, 2018, 09:42:12 PM
 #17

In my opinion,  there is no need for the government in any country to interfere and regulate btc since it does not make any good outcome. Btc will still survive for decades for as long as people are still supporting btc all the way.

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July 08, 2018, 09:53:26 PM
 #18

Bitcoin will survive for the time we support and if we use Bitcoin. No one knows how long Bitcoin will live for now, only time will show that.
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July 08, 2018, 09:57:58 PM
 #19

Bitcoin will survive through the entering of the big investors and banks but also is important the adoption of the people and every day use.
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July 09, 2018, 09:43:17 AM
 #20

if there is one store or company willing to accept bitcoin as payment, I'm sure bitcoin will last very long. because the key is public confidence in bitcoin as a means of payment, not just an investment.

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