There Is No War Against Bitcoin! Stop The Fud!

[Vaskiy]

What's been mentioned in the Op has some good information. The statement from Trump was just a common news, but that was taken much into discussion as it has got some statements related to the bitcoin usage. It was clearly a plan to eliminate the use of bitcoin for illegal needs which in comparison to the fiat usage on the same is very minimal. Same has got interpreted as a way to manipulate the market trend. Hope cryptocurrency users understand the right thing.

[astadbtc]

I see many users talking about how USA government and Trump declared a war against Bitcoin! No, they didn't. Listen their message again! They declared a war against the criminals who are using bitcoin for illegal activities. A huge difference! This will be a good thing in the longterm. So stop spreading this fud cuz of wrong interpretation. Many big players already know that dollar is dying. They know that dollar can't survive for a long time. As the dollar collapses in the near or middterm future, bitcoin will rise and rise enormously. They know that. They also know that the trigger for all of this could be the next major financial crisis where a lot of funds will go to gold and bitcoin. But because bitcoin is a low marketcap compared to gold, it will rise much more than gold. They know that and they will try to regulate it but they cannot stop it. They (USA Congress) already admited that bitcoin is unstoppable. No one can stop it. If you can't win them, join them. So eventually everyone will join bitcoin in the future.

What do you expect from the USA President to say? That the dollar is weak and that Bitcoin is the King? This is what he is supposed to say there is no reason to either think that he will promote Bitcoin or dump the dollar.
The rest about Bitcoin used only for criminal activities are to be disregarded as propaganda.

Every government is coming to realization on what Bitcoin can become. Back in 2017 we had politicians talking about how a possible Bitcoin dive in price could actually start a new recession.

There are people that are afraid of the future power and growth of Bitcoin and they will try to "tame" it and make it as centralized as they can to achieve their goals.

The problem for them, is that if they succeed in centralizing it, they will instantly fail to use it as it will become obsolete. So all their effort would be just to destroy Bitcoin. And after that, another technology will appear that would be even better and harder to regulate and take over. Remember the file-sharing websites in 2000 and the war against them? They shut-down most of them only for p2p technology and torrent sites to appear.

[Swingle]

Having a personal opinion about the concept of Bitcoin doesn't necessarily implies that war was declared on it. Even the States law markers are active traders/investors in blockchain projects. People generally use such posts to ensure that weak hands dump cheaper all in the name of fear been circulated.

[kryptqnick]

I see many users talking about how USA government and Trump declared a war against Bitcoin! No, they didn't. Listen their message again! They declared a war against the criminals who are using bitcoin for illegal activities. A huge difference! This will be a good thing in the longterm. So stop spreading this fud cuz of wrong interpretation. Many big players already know that dollar is dying. They know that dollar can't survive for a long time. As the dollar collapses in the near or middterm future, bitcoin will rise and rise enormously. They know that. They also know that the trigger for all of this could be the next major financial crisis where a lot of funds will go to gold and bitcoin. But because bitcoin is a low marketcap compared to gold, it will rise much more than gold. They know that and they will try to regulate it but they cannot stop it. They (USA Congress) already admited that bitcoin is unstoppable. No one can stop it. If you can't win them, join them. So eventually everyone will join bitcoin in the future.

I think the problem is that there are actually different messages coming from different people from the government. I've seen a congressman who's really supportive of Bitcoin, for instance, maybe even a couple of them. But if we talk about Trump, I think his tweets on cryptocurrencies were rather clear:

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.

We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!

But the thing is, as a populist, he's probably just saying whatever most of his electorate wants to hear. Plus, he's just the President, he does not have much power over such matters as crypto regulations.

[Herbet Fry]

When haven't america not declared war on something? The war on drugs in my personal favourite. They want peace but thing an everlasting war will bring peace or at some point drugs will magically disappear?
Making more laws about something only makes it more valuable since it is harder to obtain and/or keep.

Well when it comes to the Indian government , there is actually war against bitcoins.
The government is okay with bills with 10 year jail term drafted for people holding bitcoins , whereas can show number of cases with people just sentenced jail term for 7 year for Rape.
There are bills being drafted and maybe will soon be implemented.
People are leaving the government authority related to cryptocurrencies.
It is all a silent war.

Those are empty threats. Only a piece of shit would put another human being into a cage. Especially for a none violent "offense" that hurt no one. People will revolt.

[kpcian]

That's why news or information should be published or provided in an authentic way, otherwise, people only take some negative side. Basically, the USA govt doesn't take any step against Bitcoin or any other cryptocurrency, Trump administration is not against this blockchain system anymore.
So we also need to provide this legit aspect, We know that Bitcoin is growing up day by day at a high rate, not only that but also Bitcoin is getting its space and it's getting bigger day after day. So be positive and keep positive about Bitcoin.

[Reid]

How can you declare war with something. Yeah something. Not someone or what country.
It is a something that is being used in the computer and the internet.
No one owns bitcoin. There is no company behind it or any association.
So who are they declaring war with?
That is some crazy shit.

[deisik]

I see many users talking about how USA government and Trump declared a war against Bitcoin! No, they didn't. Listen their message again! They declared a war against the criminals who are using bitcoin for illegal activities. A huge difference!

It doesn't mean anything

They can use a whole arsenal of indirect methods to hurt Bitcoin if they really wanted to (and they do). Obviously, fighting Bitcoin directly may be counterproductive (it's like banning the law of gravity), but I wouldn't be overly optimistic about their real intentions. In short, if they can kill Bitcoin, they will do it without thinking twice, ever, as it is a competitor to the dollar hegemony (what your post is about). In this manner, a war against criminals using bitcoin for illegal activities is in fact a war against Bitcoin itself

[Jet Cash]

The "war" against Bitcoin comes from the people who don't have the wit or the application to understand it. It isn't the government or the banks.

[Searing]

I see many users talking about how USA government and Trump declared a war against Bitcoin! No, they didn't. Listen their message again! They declared a war against the criminals who are using bitcoin for illegal activities. A huge difference!

It doesn't mean anything

They can use a whole arsenal of indirect methods to hurt Bitcoin if they really wanted to (and they do). Obviously, fighting Bitcoin directly may be counterproductive (it's like banning the law of gravity), but I wouldn't be overly optimistic about their real intentions. In short, if they can kill Bitcoin, they will do it without thinking twice, ever, as it is a competitor to the dollar hegemony (what your post is about). In this manner, a war against criminals using bitcoin for illegal activities is in fact a war against Bitcoin itself

This is true. But if the Trump Administration can add 25% tariff on China and other idiocy, there is nothing to say they could not ban all exchanges in the USA or

other methods an attempt to kill bitcoin.

Or they could simply tell the IRS that we are even a 'more complete' interest and review out tax forms with the IRS as was done in the Red Scare of the 1950s

Roosevelt Administration banned GOLD for crying out loud. Even unenforceable just banning Bitcoin would probably kill it in the USA at least. Hard to mine BTC if

the banks won't take your $$$ for such, etc.

Thus they may not kill bitcoin, but any ham-handed approaches like the above would drive the price down to the 2k or below IMHO

they may not destroy bitcoin, but they could really, really mess up the store of value idea of Bitcoin.

So destroy no, get it back to  niche version of crypto from 2014 or so, price-wise and user wise by regulating users/exchanges and/or usual FUD...yep..they could

dump the price to $2k again easy by drying up any new interest in bitcoin.

So losing BTC is not the issue, losing some gains in price on a massive scale while Congress gets around Facebook Libra (and likely kills it) that would be the issue.

If I was Facebook and the above fud happens for all crypto, I'd just buy BitPay for like 20 billion dollars of facebook couch change and or if that is too obvious

simply use the BitPay service to get around the loss of Libra. Sure not as good as the control they are used to on stuff and not having their own crypto

but hell, they could still 'data mine' user info in that manner on crypto. So there would be some pushback on fud/gov't etc trying to do away with crypto

of an open-source nature and not state-sponsored...but in the short term, it would be $2k to $4K BTC again at best with more roadblocks to adoption. At

least in the short-term.

If they wanted to kill the price of BTC in the USA I'd have the IRS do a complete audit of all crypto tax returns they have done such with taxpayer before

and I don't think the numbers would bother them any.

Hope I'm wrong but there are lots and lots the Trump Administration can do to stifle the growth of Bitcoin or at least dump the price in half over the next year or so.

There is always gonna be a counter-reaction to Bitcoin the more it succeeds in adoption, so we will see. To say the next Bitcoin halving is gonna be interesting

in less than a year with all this drama/fud is an extreme understatement! As an aside, with this kinda FUD, I kinda think Libra is toast, at least as run by Facebook

for data mining.

Anyway, hopefully, I'm dead wrong and it will all be unicorns/fairy dust/rainbows/and lollipops! Not counting on it though.

Crypto: Always Drama!

Brad

[rodel caling]

Yeah I agree with for that, no war against bitcoi, but they can't avoid some people make fuds news against bitcoin, all we need to is do not listen to them because they know the importance of bitcoin.
If Trump agains bitcoin he have power to banned bitcoin in U.S but he not command to banned bitcoin in the U.S.

[deisik]

I see many users talking about how USA government and Trump declared a war against Bitcoin! No, they didn't. Listen their message again! They declared a war against the criminals who are using bitcoin for illegal activities. A huge difference!

It doesn't mean anything

They can use a whole arsenal of indirect methods to hurt Bitcoin if they really wanted to (and they do). Obviously, fighting Bitcoin directly may be counterproductive (it's like banning the law of gravity), but I wouldn't be overly optimistic about their real intentions. In short, if they can kill Bitcoin, they will do it without thinking twice, ever, as it is a competitor to the dollar hegemony (what your post is about). In this manner, a war against criminals using bitcoin for illegal activities is in fact a war against Bitcoin itself

This is true. But if the Trump Administration can add 25% tariff on China and other idiocy, there is nothing to say they could not ban all exchanges in the USA or other methods an attempt to kill bitcoin

Let's just hope that Trump gets kicked out from the White House in 2020

Regarding using the IRS to reshuffle old tax payments, isn't there a 3-year limit within which they can do that? Or it depends on the kind of income and the reason for rechecking, like money laundering or whatever? I don't know as I don't live in the US but I remember reading something like this. For example, in Russia any income not taxed within 3 years basically becomes tax-exempt due to the tax limitation period

[slaman29]

Well, if there is a war indeed against Bitcoin, we should all look forward to it. Do you remember the last time Bitcoin was in a war? Everyone called it a civil war in fact, and people were spamming the network, trying to get it to crumble. Miners used blackmail. And in the end remember what happened? ATH boys!

[Juggy777]

Well, if there is a war indeed against Bitcoin, we should all look forward to it. Do you remember the last time Bitcoin was in a war? Everyone called it a civil war in fact, and people were spamming the network, trying to get it to crumble. Miners used blackmail. And in the end remember what happened? ATH boys!

@slaman29 also let’s not forget what happened when China decided to ban bitcoins exchanges, everyone kept shouting China has started a war against Bitcoins and the end is near. We all know what happened next as bitcoin prices nosedived for a while and fud was rampant, and then suddenly the bulls took over and the rest I’ll say is history. Whenever governments have tried to put down bitcoins, it’s always had an opposite effect so any war is welcome.

Source: https://www.coindesk.com/900-20000-bitcoins-historic-2017-price-run-revisited

[bamboylee]

Some people can't take criticism. These people think that every criticism is a declaration of war against them. Wake up. We cannot improve without any criticism. Bitcoin needs some regulation in order to move forward. That is not war. It is just a bitter pill to make things better.

[vintages]

I think what many crypto investors do not understand that Trump words on Bitcoin is more like his 'opinion,' which everyone is actually entitled to theirs. Thus, it has no direct threats. it's just in people's nature to find faults in everything.
I guess Trump words took more height because he has not openly commented on it before. We should just learn to read more meanings into words before actions or speculations.

[Allura74]

I think what many crypto investors do not understand that Trump words on Bitcoin is more like his 'opinion,' which everyone is actually entitled to theirs. Thus, it has no direct threats. it's just in people's nature to find faults in everything.
I guess Trump words took more height because he has not openly commented on it before. We should just learn to read more meanings into words before actions or speculations.

Since from the start I have enter in crypto currency there are already fud scattering over the net against bitcoin but still up to this present the bitcoin is still standing and kicking and its all because bitcoin is a decentralized system that is untouchable and the world's trend is in blockchain technology.

[iMark]

There's a big difference by reading only the title than to the whole article, people just don't know how to read maybe or really have no time to understand the article but have more time to create FUD in cryptomarket. We should keep telling people not to panic, and educate them as much as possible for us to see a better market.

I hope it's true, that US is fighting against someone who is abusing Bitcoin. and we have to stop the panic of users who think that the US government is declare war against bitcoin, because that really makes a lot of users panic. what the congress said they were right, that no one can stop bitcoin, if you can't control it at least you have to join bitcoin and that will happen in the future. the era of bitcoin will come

[Lalafell]

The National Internet Finance Association, an industry body, said in a “risk reminder” that bitcoin and other cryptocurrencies were “tools for criminal activities of money laundering, drug deals, smuggling and illegal fundraising”. Along with the central bank, the six other regulators involved in the latest war against digital currencies are China’s Office of the Central Leading Group for Cyberspace Affairs, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission.

[cutesgirl]

No war for stop bitcoin because bitcoin is e digital currency can't stop with anything reason, many country have try how to make bitcoin is bad and keep away by investor but always failed and bitcoin growing up with many investor always invest their money in bitcoin, now have many country have adopt bitcoin become legal their currency payment.