The Government Could Shutdown Bitcoin?

[Xxmodded]

Government want to shut down bitcoin as legal currency transaction because to keep many people not invest with bitcoin and altcoin, they afraid when many people move money from bank to bitcoin assets, although bitcoin can increase people assets investment but government looks not agree bitcoin become legal currency payment in their country and try how to make their people dislike with bitcoin.

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[Colt81]

I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.

For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.

What is your opinion about this? Could the government do this?

https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/

In my own opinion, government could really shutdown bitcoin if they really wanted to stop bitcoin and other cryptocurrencies because they are powerful enough to control the world of internet and shutdown everything related to crypto. But for now, there is a low chance that bitcoin will be shutdown or be banned all over the world because there are a lot fo countries such as US, UK, Switzerland, Australia and so on who legalized crypto transactions.

[kryptqnick]

I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.

For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.

What is your opinion about this? Could the government do this?

https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/

Let's start by saying that even if the govs succeed with keeping the price below $1k, it would not mean the shutdown on Bitcoin. The community would shrink, sure, but Bitcoin would still be alive. Shutting down Bitcoin is impossible because it's decentralized. That's one of the reasons people value it. Now, let's turn to the article. It's basically based on a tweet, and it does not make much sense to me. First, to dump the price so low, a lot of money would need to be used. Is it worth it for governments? And I am not even sure someone would succeed anyway, because if they try dumping the price, there will be people buying it as well. It's a free market, it's not that easy to manipulate it. Finally, there was a thing about miners it's the article. I think it's nonsense. Some miners will leave the business if the price goes down, surely, with the difficulty rate will simply adjust and the rest of miners will be fine.

[Shenzou]

I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.

For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.

What is your opinion about this? Could the government do this?

https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/

They could do that but it would take a lot of resources, the way i see it is that they could impose some huge taxes on the people who are investing on crypto and the exchange company, so that it becomes unprofitable with how the market and the price change, but as i said that requires a lot of resources and a lot of effort, and how governments already tried to shutdown bitcoin when it went to the moon is by setting regulation and influencing the media to give a bad reputation for bitcoin.

[BeManga]

I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.

For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.

What is your opinion about this? Could the government do this?

https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/

its really simple to said than done. in my opinion, the government can only ban bitcoin in their country by not using it but stoping bitcoin is nearly impossible even they ban it in their country. bitcoin transactions will continue as long as there are some miners and some people using it in another country.

[n0ne]

Governments always have a close look over the change in the market of bitcoin. Every government isn't against cryptocurrency or bitcoin which means just those countries can't join together and ban the usage. Maybe this will get banned on those specific countries and not on the entire world or rest of the countries where governments support the usage of bitcoin.

[aomakun]

Governments always have a close look over the change in the market of bitcoin. Every government isn't against cryptocurrency or bitcoin which means just those countries can't join together and ban the usage. Maybe this will get banned on those specific countries and not on the entire world or rest of the countries where governments support the usage of bitcoin.

because every government in the country has different thoughts, maybe those who accept it because they see the potential of existing technology or other things. bitcoin does receive a lot of opposition but I'm sure there will be a place for bitcoin to develop its technology

[Aikidoka]

I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.

In other words you are saying the bitcoin will be controlled by a single power?

Seriously! What is wrong with you people? When you see a sudden fall then you lot start to panic and forget about this that this kind of things happened thousands times with Bitcoin but still it had 20,000x gains against this shit dollar currency.

You people really do not deserve bitcoins. If you are not okay to hold your coins if the price goes down to $1k (which is highly unlikely) then you people really do not deserve to see bitcoin price to have $100k against this dollar shit.

Exactly, people are really fooling to panic when bitcoin like loosing 1k or 2k$ in just a few days, I meant I bet that there's a lot of people who didn't deserve to be here and they're just dumb who only invest in bitcoin and then they're just starting to panic and even exchange their bitcoin to fiat again when they're seeing that bitcoin's price falling again. I meant that's should be expectable because we know that bitcoin always fluctuating during the years.

[DreamStage]

I just laughed

Since when government has the possibility to do that. Only if they would sell every satoshi.
And government doesn't even have those kind of big amounts....

It's funny that people continue to make these type of topics just because of a price drop, you serious?
Stop the panic attack already it's and will always be like this.

Also Bitcoin a.k.a. crypto is decentralized meaning it's not controlled by a single entity.

[hatshepsut93]

I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.

The price is such a stupid metric, we had Bitcoin markets when the price was below $100, why someone things that going below $1,000 would somehow "stop" Bitcoin? People who use Bitcoin to get full control over their money don't really care that much about the price. And it's impossible to make Bitcoin go to zero, it has inherent value, so no matter how hard you try to crash it, someone will pick it back up.
Governments can disrupt Bitcoin by banning it, and it would quite annoying if they do, but they can't stop it, everyone knew it from day one.

[zahed]

I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.

For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.

What is your opinion about this? Could the government do this?

https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/

I also read this article fully but some point was very ridiculous in my point of view. How government able to stop the BTC or Cryptocurrency industry? My answer in a word it's just not possible never and ever. Because in any single people can not control this crypto space. Government can banned Bitcoin for in the specific country it's the highest power adopt by government.

[pixie85]

You guys should listen to Andreas Antonopoulos more often. He explained well why governments can't shutdown Bitcoin. You can't stop it at this point only the market that is made of its users and holders can stop it by losing interest and moving to something else.

Many new inventions were abandoned after some time and governments had nothing to do with their fate.

[eaLiTy]

I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.

The proposition of Just short it. Keep it under $1000 for a long while is not even a trick and it can be performed only in dreams, how about the millions of funds to short those market and how long they will be exhausting their economy when majority of the countries around the world has huge debts, if shorting was a real thing to destroy a market, then you could have seen in the stock market already where US will short the Chinese stock exchange rather than implementing trade restrictions   . The author of the article does not have any idea what she is talking about, she found a tweet and compiled an article without thinking .

[minersday]

I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.

For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.

What is your opinion about this? Could the government do this?

https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/

If the government could be able to shutdown the entire bitcoin ecosystem, they would have done that in the early stage of Bitcoin's life in the financial space. The Bitcoin ecosystem is made up of all individuals in the crypto space and people who own Bitcoins. Bitcoin does not have one particular source being the central brain of the entire blockchain network. Once you join the bitcoin space, you automatically become part of the entire universe of Bitcoin. Due to this nature, it will be very hard for the government to shutdown bitcoin. The only way will be the shutdown of the internet.

[Wintersoldier]

In the first place, how could Government could bring the market price of bitcoin lower down to 1000 dollars? Are they gonna buy the most volume of Bitcoin? I guess not. They cannot bing Bitcoin down, as Bitcoins support comes all over the world and it needs majority of the country's government to shut down bitcoin disallowing people to utilize Bitcoin would be the key, but people will surely find their way to utilize Bitcoin. Thus, making it invulnerable to be shut down.

[Aying]

Government want to shut down bitcoin as legal currency transaction because to keep many people not invest with bitcoin and altcoin, they afraid when many people move money from bank to bitcoin assets, although bitcoin can increase people assets investment but government looks not agree bitcoin become legal currency payment in their country and try how to make their people dislike with bitcoin.

They don't want people to have their own banks because government don't have benefits from it. In a past years they still attacking bitcoin even they saying it in positive way. that's their propaganda to attack it back and make people believe and lost its interest when time passes. so we should expect this will happen soon and we need to be ready on what move they can do to fight bitcoin.

[PointHope]

As long a out of control government greed and corruption continues to print fake money the demand for real truth in currency and p2p commerce will incease..As will the price increase correspondingly.

[danherbias07]

Price of bitcoin goes down and all investors will be coming in again to buy a cheap coin where they could hide their money for tax evasion.
Simple as that.
They should just let it be with a high price so that those rich people who want to buy bitcoin will be scared off since the price is volatile.
It will give them the chills if the price suddenly breaks down.

So why kill bitcoin, let it have a larger price. 

[Xxmodded]

I read this article online that the government could stop the Bitcoin? Easily using a simple trick.
Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.

For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price.

What is your opinion about this? Could the government do this?

https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/

Very easy for government want to banned bitcoin although nothing fault make by bitcoin investor, look what happen in China when they have banned using bitcoin as legal currency and not available for their people have investment in bitcoin, the same problem happen with India have banned using bitcoin and close all exchange bitcoin market available there.

[Murat]

It's just a lame query, You are a full member of this forum so you have to know at least who can control this Bitcoin platform or not, It's sad but true that when the price started falling then a group of people started talking about the potentiality of Bitcoin, it's not a good practice at all, You should know that Bitcoin is not controlled by any single person or organization, No one country or government could handle this price or this platform, So how can a government pushed the price under 1000$, That's a ridiculous thinking, You people creating a panic situation but it would not be harmful to this platform because most of the people know the actual facts and finding of this platform.