Will Bitcoin collapse by a global government crackdown?

[samuraijin]

Of course it will not affect the development of bitcoin, if there is no ban when bitcoin appears publicly, why when bitcoin has a fantastic value, the global government strictly prohibits its growth, of course it's just a game of manipulation so that everyone can throw it away and buy it, when it's time for bitcoin to rise again that the global government already has quite a lot of supply in 2018 yesterday there was a lot of fud news, which caused many people to panic and cause the price of bitcoin to fall, although not so bad at least they had made a trap that would benefit them later. .

[1715020924]

1715020924

[1715020924]

1715020924

[1715020924]

1715020924

[MysteryMiner]

Will Bitcoin collapse by a global government crackdown?

Short answer: No.
Longer answer: No, it will not collapse due to global crackdown.
Longest answer: No, Bitcoin will not collapse due to coordinated global crackdown by governments. Child Porn is probably the most cracked down information on planet but it is easily available if You know where to look for it. TBs of CP! Bitcoin will be fine more or less. It was designed to be censorship-proof.

[Altero]

Government have its power and they can do anything they want to do. But the good thing in crypto space, many countries will support this technology and it makes crypto not to collapse even the others tried it. Banning crypto in some countries will turn down our trust( and we can't deny it), but it happens that others are helping it to stay and so we support them.

[Google+]

if all governments from all countries have begun to give a ban on the use of bitcoin and bitcoin transactions then the price of bitcoin will surely collapse and many cryptocurrency traders will panic.

but bitcoin shouldn't be like that because this bitcoin was created has the purpose of creating a digital currency that can't be controlled by anyone, so maybe the price will collapse temporarily because of the influence of traders who panic and will definitely bounce again.

[Pab]

With all the buzz lately of governments cracking down on cryptocurrencies, there has been fear among people with regards to Bitcoin and altcoins. This is one of the many reasons why 2018 experienced a sharp decline in the value of the whole crypto market, leaving many wonder the outcome of a complete government crackdown towards Bitcoin and other cryptos in the future.

As such, what do you think will happen with Bitcoin if all the governments of the world ban it? Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive? AFAIK, Bitcoin is largely dependent on nodes distributed geographically. The Internet is controlled by ISPs which are subject to government demands. If a global government crackdown happens, then the growth of Bitcoin and other cryptos might stale for sure.

Nonetheless, what are your thoughts about this?

That will not happen bitcoin will be not banned
Look how many institution from fiat economy is looking for way to integrate bitcoin
Bakkt is good example ETF yet another i think will be more
There is also many traders who  know very well  that bitcoin is great source of incomes
So rather i don't think so i think that we will have further integration
We also need to notice that govs are not able to shut down anythink
All kind of legislation are created by parliaments  not govs
In democratic countries are also courts
There are also new election in any democratic country every few years
That what you are talking about can happen only in countries where is directorate

[piebeyb]

With all the buzz lately of governments cracking down on cryptocurrencies, there has been fear among people with regards to Bitcoin and altcoins. This is one of the many reasons why 2018 experienced a sharp decline in the value of the whole crypto market, leaving many wonder the outcome of a complete government crackdown towards Bitcoin and other cryptos in the future.

As such, what do you think will happen with Bitcoin if all the governments of the world ban it? Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive? AFAIK, Bitcoin is largely dependent on nodes distributed geographically. The Internet is controlled by ISPs which are subject to government demands. If a global government crackdown happens, then the growth of Bitcoin and other cryptos might stale for sure.

Nonetheless, what are your thoughts about this?

Not really, even the government will use bitcoin but not at this time after 2020, let's see it, I can't say that much but I believe it happened according to my analysis of the price of bitcoin later

[Dimas99]

it could happen if the government has banned crypto currency, I think we can't do anything, and there are even countries that punish people who use crypto currency

[izanagi narukami]

Every policy that made by government has the function to protect civilian from harm.

Crypto from my government side, consider as risky investment so they forbid crypto but other government have different opion about it because crypto is future technology especially for transaction purpose.

[Dondont]

in my opinion it could collapse because now the government is not serving and opening up opportunities for bitcoin to emerge in this country so for me nowadays bitcoin is not as easy as it once was

Crypto from the beginning also did not attract attention by several agencies and governments so that it also did not have an impact on its development, but at this time they attracted the attention of many people but unfortunately there are still many debates especially those related to government regulations. this proves that every future crypto movement will continue to be monitored and this is not a good thing either

[Snyderfx2]

Bitcoin cannot collapse entirely or in a large scale due to a single government crackdown and that is the main advantage of a decentralized system but with a significant restriction it can definitely do a big damage to the entire bitcoin system and its price because investors, traders and holders are very concern about government view towards bitcoin specially when comes to make decisions to sell, hold or buy so it won't collapse but there can be a huge damage 

[fianaindriati]

With all the buzz lately of governments cracking down on cryptocurrencies, there has been fear among people with regards to Bitcoin and altcoins. This is one of the many reasons why 2018 experienced a sharp decline in the value of the whole crypto market, leaving many wonder the outcome of a complete government crackdown towards Bitcoin and other cryptos in the future.

As such, what do you think will happen with Bitcoin if all the governments of the world ban it? Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive? AFAIK, Bitcoin is largely dependent on nodes distributed geographically. The Internet is controlled by ISPs which are subject to government demands. If a global government crackdown happens, then the growth of Bitcoin and other cryptos might stale for sure.

Nonetheless, what are your thoughts about this?

we never know how the government will act in the future, which is certain that if there is a bluff from the government like that, of course there are many people who sometimes back down. because we cannot interfere with the decisions of the government. because the government has a large authority.

[tenakha]

With all the buzz lately of governments cracking down on cryptocurrencies, there has been fear among people with regards to Bitcoin and altcoins. This is one of the many reasons why 2018 experienced a sharp decline in the value of the whole crypto market, leaving many wonder the outcome of a complete government crackdown towards Bitcoin and other cryptos in the future.

As such, what do you think will happen with Bitcoin if all the governments of the world ban it? Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive? AFAIK, Bitcoin is largely dependent on nodes distributed geographically. The Internet is controlled by ISPs which are subject to government demands. If a global government crackdown happens, then the growth of Bitcoin and other cryptos might stale for sure.

Nonetheless, what are your thoughts about this?

Ban of all governments will definitely dump Bitcoin's price. But I do not suppose all governments will want to try it unless there is a better system. Because if we can understand that cryptocurrency is the most suitable money for the future, they have already understood this. But IMO they have been waiting for the more appropriate one.

[Ultimist]

Even if this happens, people will still find ways to use bitcoin. On bitcoin it will certainly affect, but I think that not in a bad way. The community may be reduced, but the price will only grow because it will be more difficult to use bitcoin. But fortunately this will not happen, because we already have countries friendly to bitcoin, so it will still be used.

[suzanne5223]

With all the buzz lately of governments cracking down on cryptocurrencies, there has been fear among people with regards to Bitcoin and altcoins. This is one of the many reasons why 2018 experienced a sharp decline in the value of the whole crypto market, leaving many wonder the outcome of a complete government crackdown towards Bitcoin and other cryptos in the future.

As such, what do you think will happen with Bitcoin if all the governments of the world ban it? Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive? AFAIK, Bitcoin is largely dependent on nodes distributed geographically. The Internet is controlled by ISPs which are subject to government demands. If a global government crackdown happens, then the growth of Bitcoin and other cryptos might stale for sure.

Nonetheless, what are your thoughts about this?

Ban of all governments will definitely dump Bitcoin's price. But I do not suppose all governments will want to try it unless there is a better system. Because if we can understand that cryptocurrency is the most suitable money for the future, they have already understood this. But IMO they have been waiting for the more appropriate one.

I also agreed that if all place ban on Bitcoin crypto currencies will definitely collapse but I don't see them doing that either because alot of respect, well know and influential people have joined the crypto market. Besides, this is one of the reason why every act played to stop bitcoin by the government and senior banker go futile.

[Dewi Aries]

With all the buzz lately of governments cracking down on cryptocurrencies, there has been fear among people with regards to Bitcoin and altcoins. This is one of the many reasons why 2018 experienced a sharp decline in the value of the whole crypto market, leaving many wonder the outcome of a complete government crackdown towards Bitcoin and other cryptos in the future.

As such, what do you think will happen with Bitcoin if all the governments of the world ban it? Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive? AFAIK, Bitcoin is largely dependent on nodes distributed geographically. The Internet is controlled by ISPs which are subject to government demands. If a global government crackdown happens, then the growth of Bitcoin and other cryptos might stale for sure.

Nonetheless, what are your thoughts about this?

Survive maybe yes, but what need to concerned is if they ban exchangers all over this world. It means we can't trade it or maybe exchange it into fiat anymore. And then maybe P2P transaction will come, but will a little hard to decide how many price of it.

[gabmen]

With all the buzz lately of governments cracking down on cryptocurrencies, there has been fear among people with regards to Bitcoin and altcoins. This is one of the many reasons why 2018 experienced a sharp decline in the value of the whole crypto market, leaving many wonder the outcome of a complete government crackdown towards Bitcoin and other cryptos in the future.

As such, what do you think will happen with Bitcoin if all the governments of the world ban it? Will it collapse after the massive crackdown on every single cryptocurrency? Or will it survive? AFAIK, Bitcoin is largely dependent on nodes distributed geographically. The Internet is controlled by ISPs which are subject to government demands. If a global government crackdown happens, then the growth of Bitcoin and other cryptos might stale for sure.

Nonetheless, what are your thoughts about this?

Survive maybe yes, but what need to concerned is if they ban exchangers all over this world. It means we can't trade it or maybe exchange it into fiat anymore. And then maybe P2P transaction will come, but will a little hard to decide how many price of it.

Nah! I'm sure it'll collapse. Anything that get's illegalized by all governments in the world will not survive a global crackdown. Even p2p transactions would dwindle and eventually fail since few will have the confidence to deal with an illegal currency.

[poptok1]

At first, there may be a very strong collapse in prices. But then the price will rise, because the use of bitcoin will be difficult. I don't think many people who are serious about crypto will be able to just leave it.

That's more than sure, habits are humans second nature so people who already got used to cryptocurrency, will have a hard time forgetting about them.
But I don't think there ever going to be massive collapse, at least not in the near future. Simply because governments across the world would have to work together and we know how good they are with cooperation. This will result in situation where users from one country are selling crypto to the people in the next one and so on. Price should be still more or less stable.
Global crackdown in order to work, would have to be orchestrated by a global governance, such thing does not exist so far and I would like to leave it that way, not only because of crypto obviously.

[Abiky]

That will not happen bitcoin will be not banned
Look how many institution from fiat economy is looking for way to integrate bitcoin
Bakkt is good example ETF yet another i think will be more
There is also many traders who  know very well  that bitcoin is great source of incomes
So rather i don't think so i think that we will have further integration
We also need to notice that govs are not able to shut down anythink
All kind of legislation are created by parliaments  not govs
In democratic countries are also courts
There are also new election in any democratic country every few years
That what you are talking about can happen only in countries where is directorate

That's true. However, there's nothing stopping governments from completely banning cryptocurrencies and introducing a single global currency of their own. Right now, most governments are friendly to crypto for taxing and experimental purposes. Once crypto becomes strong enough to handle worldwide payments, then governments can start devising their own digital currencies in the future. Then, they'll go against cryptocurrencies like Bitcoin and Ethereum to promote the use of their newly-issued digital fiat currency.

It wouldn't be surprising if all the world's governments come together in an agreement to establish a single currency operated within a private blockchain for the whole world to use. If that happens, then no matter which country you're at, you'll be using the same currency all over again. Banks will be responsible for running the full nodes of the private blockchain, while decentralized cryptos will be targeted by such institutions.

In the meantime, we could all enjoy Bitcoin and other decentralized cryptocurrencies while the government stance is friendly. The moment that everything turns upside down, will be such were governments see crypto as a threat to their economic infrastructure (even if they could tax crypto). Just my thoughts

[Argoo]

It seems to me that the cryptocurrency is now at such a level of its introduction into our life that it is unlikely that the governments of all states can already agree and prohibit the circulation of cryptocurrency. Cryptocurrency for this has become too well known and popular. To no longer happen, and it will be used by citizens for financial settlements. We also already see that many large states have begun to use cryptocurrency and legalize it, and they are unlikely to be able to ban it now. They are forced to listen to the opinions of their voters.

[Abiky]

It seems to me that the cryptocurrency is now at such a level of its introduction into our life that it is unlikely that the governments of all states can already agree and prohibit the circulation of cryptocurrency. Cryptocurrency for this has become too well known and popular. To no longer happen, and it will be used by citizens for financial settlements. We also already see that many large states have begun to use cryptocurrency and legalize it, and they are unlikely to be able to ban it now. They are forced to listen to the opinions of their voters.

You do have a point there, mate. Bitcoin and other cryptocurrencies have been active since their very beginnings. If governments would've wanted to prevent crypto from being adopted or used by people, they would've stopped it back in 2009. After 10 years of Bitcoin's inception, it seems very unlikely that a full government crackdown would take place in the future. Even Russia has decided to invest in Bitcoin due to US sanctions.

Which means, that more governments are embracing Bitcoin for their own benefit. If cryptocurrencies can be easily taxed by governments, then crypto will be here to stay for a very long time. As for country elections, you're right. Candidates are forced to listen to the opinion of their voters. Hence, if many people support cryptocurrencies, then such candidates would need to support them too in order to gain the necessary votes to get elected.

Of course, Bitcoin and other cryptocurrencies are not fully mainstream yet. But when they do, they will become a part of everyone's lives, where every government would be forced to accept them. With upcoming regulations and government acceptance (like India accepting cryptocurrencies, and most recently, Russia), Bitcoin will be here to stay for future generations.

However, one cannot deny the possibility of a full government crackdown in the future, in case things do not turn out to become positive as they should (like crypto becoming a threat to national security, money laundering, etc). Just my thoughts