new possibilities of government crackdown on bitcoin

[dothebeats]

The possibilities of a crackdown is endless, though of course as long as there are developments made towards the good of bitcoin and the protection of consumers, I'd say that most governments would certainly just choose to tax bitcoin-based sales/trades rather than outright banning them and restricting an avenue for their people from bringing in some money to the table. Some are still completely awry about it, not gonna lie but then again you still have some countries spearheading the developments in the said field such as Japan, some EU countries and of course, the United States.

[1714663642]

1714663642

[abeecrypto]

The government are not fans of bitcoin as they cannot control it. So, there will surely be a government crackdown in the future. In fact, crackdowns. But, will they be successful? I don’t think so. I think it will get to a point when the government will just accept crypto and look for a way to work with it. However, it is advisable you Invest smartly. Don’t go put all your money on bitcoin or any other crypto.

[Harlot]

A government crackdown won't happen anytime soon, the way that the laws and our regulations are progressing towards favorable outcomes for Bitcoin, I don't see any kind of scenario where the government will suddenly shift their views and look for in the opposite direction. With our current situation the government is well aware that criminals and other illicit activities are being done with the help of Bitcoin especially anonymity focused coins but they still don't see it as of the biggest flaws with crypto instead they still focused more on enforcement and kyc procedures so that their crypto industry can still be at play for them. The way I see it there will be no kind of scandal that will change their views towards crypto.

[hulla]

Government has cracked down bitcoin before (such as China and India). Do you think what is the possibilities of government crackdown on bitcoin in the next 10 years?

This is important to me as I am going to leverage heavily in the coming bull market. I may lose all my money if the government crack bitcoin once again.

Thank you a lot!

The government crackdown situation toward bitcoin will always happen but the reason why some of the governments does that is because of their self-interest cause they believe bitcoin will make their national currency obsolete and I believe the things done by the Chinese government is enough to make you totally understand. Mind you, their crackdown will only affect bitcoin price for some time and if you want to invest in bitcoin you can do that now while you set aside some capital which you can use to accumulate more coin when FUD happen.

[beerlover]

I think no matter how much they try this is a decentralized p2p system so they can't really "ban" it and they are realizing this slowly, sure it will take a bit more time to make sure they understand it fully because places like China for example can't really understand why their people are not following what they are saying because if you take the power out of government of a dictator and give it to people the dictator expects people to keep obeying them but it fails since it is a private hidden thing that dictator can't do anything about.

So, they could ban the bank movements of crypto related stuff and all that but they can't really do anything else, it is just a ban on the banks even if they do that, you can still do crypto related stuff but can't withdraw to bank.

[wxxyrqa]

I think no matter how much they try this is a decentralized p2p system so they can't really "ban" it and they are realizing this slowly, sure it will take a bit more time to make sure they understand it fully because places like China for example can't really understand why their people are not following what they are saying because if you take the power out of government of a dictator and give it to people the dictator expects people to keep obeying them but it fails since it is a private hidden thing that dictator can't do anything about.

So, they could ban the bank movements of crypto related stuff and all that but they can't really do anything else, it is just a ban on the banks even if they do that, you can still do crypto related stuff but can't withdraw to bank.

If Bitcoin remains only a means of accumulation and a valuable asset with high volatility, then no government will be able to control and influence cryptocurrency.  But the goal of cryptocurrency is not only this, because you need to look into the future.  If there is no real legalization of cryptocurrency, then no businessman will accept cryptocurrency for use in his business.  Each businessman makes a report on his activities and will not violate the law if cryptocurrency is banned.  I believe that in this case the value of cryptocurrency will be limited.

[SummerBliss]

Government has cracked down bitcoin before (such as China and India). Do you think what is the possibilities of government crackdown on bitcoin in the next 10 years?

This is important to me as I am going to leverage heavily in the coming bull market. I may lose all my money if the government crack bitcoin once again.

Thank you a lot!

Governments have also tried earlier to supress the growth of bitcoin and other altcoin but have failed to do so and you are talking about ten years forward and nobody knows exactly what will happen as decentralized and highly volatile currency like bitcoin can turn the tables in favour or against you.Just relax as chances are that most of them will favour it in long run and implement it as mode of payment in their financial system.Always be positive and always have second option for your funds to be safe.

[cryptothreads]

Government has cracked down bitcoin before (such as China and India). Do you think what is the possibilities of government crackdown on bitcoin in the next 10 years?

This is important to me as I am going to leverage heavily in the coming bull market. I may lose all my money if the government crack bitcoin once again.

Thank you a lot!

Governments have also tried earlier to supress the growth of bitcoin and other altcoin but have failed to do so and you are talking about ten years forward and nobody knows exactly what will happen as decentralized and highly volatile currency like bitcoin can turn the tables in favour or against you.Just relax as chances are that most of them will favour it in long run and implement it as mode of payment in their financial system.Always be positive and always have second option for your funds to be safe.

No one can stop the development of this market because it is an independent market and there are always many big changes so in the near future, it will provide a lot of solutions in daily life. Currently the government always prohibits investors from talking about this issue but they still choose to participate and invest because this is the best opportunity for them to make money in this market.

I believe that one day my friends may know about this market and they will support me more because for the past 2 years everyone has been suspicious of my current job.

[dimonstration]

The government are not fans of bitcoin as they cannot control it. So, there will surely be a government crackdown in the future. In fact, crackdowns. But, will they be successful? I don’t think so. I think it will get to a point when the government will just accept crypto and look for a way to work with it. However, it is advisable you Invest smartly. Don’t go put all your money on bitcoin or any other crypto.

Diversification should be do in Investments, why put all in one basket when there are many ways to put other investments especially if you still have doubt in it like government crackdowns that might happen in the future, but it will not be easily to do it there might also consider it we don't know what lies ahead so be smart now and take time to earn while it's still capable.

[BitHodler]

Governments have also tried earlier to supress the growth of bitcoin and other altcoin but have failed to do so and you are talking about ten years forward and nobody knows exactly what will happen as decentralized and highly volatile currency like bitcoin can turn the tables in favour or against you.

Governments are still suppressing Bitcoin in form of cash settled contracts, which basically means that investors have a legal financial product to buy into without it being backed by the underlying asset.

It's also playing a role as to why we don't get an ETF, because that's not something the government wants to help with as an ETF will surely cause the price to experience new influx of billions in institutional capital.

The good thing is that Bitcoin never needed any of these financial products, but it's obviously nice to see the price go up a lot, which is the main reason for most people to be here.

[Ucy]

Government has cracked down bitcoin before (such as China and India). Do you think what is the possibilities of government crackdown on bitcoin in the next 10 years?

This is important to me as I am going to leverage heavily in the coming bull market. I may lose all my money if the government crack bitcoin once again.

Thank you a lot!

Depends on what country you reside in and where you will be keeping your bitcoins. If you have your Bitcoin stored offline I wonder how you will lose it. You could still use VPN to access the bitcoins incase your country is blocked by your wallet provider. It's also better you trade on decentralized exchanges if your country plans to ban Bitcoin in the future.