The Government Could Shutdown Bitcoin?

[akirasendo17]

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/

As long as bitcoin have value , there can be no one that can disrupt bitcoin, or even shutdown bitcoin, if the value goes under 1000$
still bitcoin wins why because bitcoin price since 2009 versus today is still a win, situation, and it will only make bitcoin enthusiast to buy more
the lower the price the better, since the price is lower there is a possibility to go up, because the government  can't stop the trading for the crypto currency
since they allow trading, remember this trading company pay taxe's and when the government get taxe's its good for them there is no way for them to stop it

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[the rise]

in market expectations, someone creates a fud because they know the real conditions, after they buy at a lower price, then they will give the opposite news, the government only wants to control the supply when they take assets dominantly. If bitcoin is pressed below $ 1K suddenly, many people will become increasingly aware of the benefits of bitcoin through news that is spread from active holders outside the government.

[ragavancoin]

As bitcoin is decentralized no government can ban it. Until and unless people stop using it government can't do anything with this.Yes there are pumps and dumps in bitcoin go check bitcoin chart how much it is increased and decrease.

[Astvile]

So price control is what you are saying in order for the government in order to shut down bitcoin? Let users lose interest and hope in it by dumping its price to below $1000. That will cost the government a lot of money and time in order to do that, not wise for the government.

[LogitechMouse]

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.

And after people lose interest on it, they will sell right? .

Investors like these are the stupid investors who didn't know when to wait when prices are going down. Fuck the government if they will do things like this. Many governments are either neutral or supporting cryptocurrencies. If price of Bitcoin goes to 1k again (if it will but I don't think so), then more and more investors will invest their money making the price of Bitcoin rise again.

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.

4 words for this. IT WILL NOT HAPPEN.

I'm not saying that Bitcoin will not go back to $1000 again but I don't think that there is a chance that it will go to that price again and if it will happen like I said, more and more investors will invest in Bitcoin making the price to go up again.

[1Referee]

I'm not saying that Bitcoin will not go back to $1000 again but I don't think that there is a chance that it will go to that price again and if it will happen like I said, more and more investors will invest in Bitcoin making the price to go up again.

People need to understand that the only metric that matters long term speaking, is the bottom to bottom development. Thus far we have consistently had a higher bottom, so purely based on that, we will not even see $3000 back. Focusing on the peaks is just retarded because that's indicative of extreme fomo and hype. No market has ever sustained prices reached during such cycles.

It took a while for people to finally give up on $100 to ever be reached again, and now we have to wait for people to give up on $1000 to ever be reached again.

I don't even think an implosion of tether can get the price to sink that low. We have had nearly two years to shake off sellers between $20,000 and $3000 and most of them have been shaken off. Wherever we end up bottoming in the forthcoming months, it will be well above the previous bottom.

[Velkro]

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

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

I think this won't happen because market have natural ways to handle this.
If there is demand to buy/sell market reacts in a way it stops too sudden price movements.
Then people would realise what is happening, who is buying/shorting and why, they should act in opposite way to balance things.

[Asuspawer09]

Bitcoin has been existing for more than a decade, but it is still existing, each government are almost in favor with Bitcoin but they can't do anything to stop it, in fact the word of Bitcoin has risen and the demand for it is continuously rising, so the government can have no power to shutdown it, because if they have, they must have been done it before the mass adoption.

Thinking the same, because bitcoin is just like the internet the government cannot just shut it down.

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

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

I think this won't happen because market have natural ways to handle this.
If there is demand to buy/sell market reacts in a way it stops too sudden price movements.
Then people would realise what is happening, who is buying/shorting and why, they should act in opposite way to balance things.

If you think about it a large transaction in the market could easily affect the market which the government could possibly do to affect the market.
But they cannot increase the supply of bitcoin in the market.

[GideonGono]

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.

They could always sell it if they want to. I see nothing that surprises me because I don’t really find it unusual. Bitcoin and any other cryptocurrency do have high volatility because it is very unlike in the stock market especially when compared to gold which the prices are a lot stable because of the volume of the market and the cryptomarket had not yet achieved that kind of massive volume in the market for the prices to be stabilized. There are a lot of pumps and dumps lately but in the long run we are sure to profit and the cryptoworld.

[AliMan]

As bitcoin is decentralized no government can ban it. Until and unless people stop using it government can't do anything with this.Yes there are pumps and dumps in bitcoin go check bitcoin chart how much it is increased and decrease.

The government body was only specific on their rule of law on a certain country, and with bitcoin's issue, there's no binds between them. Government is only focused on centralized banking system, that's why with bitcoin's independent character; the banning idea only affects for their citizen. But the whole world still remain solid and vocal that cryptocurreny will always be their preferred asset that can sustain for such a long time, which can be more potential than any physical asset like gold.

[bering]

So basically the way government if they want to shutdown bitcoin is they manipulated the market by controlling the price steady at $1000 but i think it's not simple such as that because if bitcoin can shutdown easilly then it's already done from several years ago and bitcoin already died because i'm sure some of countries in the world attempts to shutdown bitcoin and failed and government indeed can minimize access to the people to used bitcoin but to shuttingdown it i think it's cannot be done

[crossabdd]

I don't think it's that easy. Are you sure, the government can hold the price of bitcoin at $ 1000? no, because the price of bitcoin is free. it is determined by the users, it depends on demand and supply. not the price set by the government. maybe the government can ban bitcoin, but can't stop it.

[blckhawk]

I do agree with OP. Shutting down Bitcoin isn't an easy task, it has already grown and is resilient to such manipulation. One man cannot put negative pressure on the prices constantly to keep it under a thousand. Several holders are there ready to buy in because they know in themselves that Bitcoin is worth something. Total censorship by the government isn't also gonna affect Bitcoin and transactions would continue pretty much like an underground trading, since Bitcoin surpasses banking traditional regulations, privacy, and fees.

[lighpulsar07]

They could especially USA. governments can do anything they want within their territory if they want to ban bitcoin they will ban it if won't they won't ban it it's just how the way us ordinary citizen wouldn't do anything about it. But still bitcoin will go on it will just it's price and it will turn back to normal and of course people will have to VPN to just buy and sell  bitcoin.

[agentx44]

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/

Considering the fact that bitcoin is a decentralized currency, manipulating its value could be quite impossible I think which means the government will surely have a hard time on controlling its value into 1000$. Another thing, bitcoin's system is well organized and breaching in would be impossible because if it is, then lots of IT experts could have hacked it in to gain lots of money so that could be another struggle for the goal of shutting down bitcoin I guess. Bitcoin is a powerful coin, you can never underestimate its capability and system so it would be best if we would just avoid thinking about the feasibility of having bitcoin shutdown by the government.

[uneng]

They could especially USA. governments can do anything they want within their territory if they want to ban bitcoin they will ban it if won't they won't ban it it's just how the way us ordinary citizen wouldn't do anything about it. But still bitcoin will go on it will just it's price and it will turn back to normal and of course people will have to VPN to just buy and sell  bitcoin.

That is ridiculous. A government can't do this, because they will be wasting a lot of national financial resources to dump a digital currency that can be pumped on the next second by any other person or group at any random place in the world.
Governments can only shutdown bitcoin through regulations, although you are right, as there is the vpn option, people can continue using it at their own risk.

[BlackFor3st]

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 a very cheap trick and it has very low of success rate, if I were the government's the best way to shutdown crypto currencies are to make it illegal and anyone who are still in it will be punished or put into jail.

Some countries are doing it but this scenario will not happen to all the government's as not everyone has the same reasoning as other government's are legalizing also bitcoin which is opposite in banning it.

[diazepam666]

If any biggest riot rise against government means they might be shut down but none can stop the the operation of blockchain and cryptocurrency. If you think that Bitcoin value can rise or fall!
It is reasonable and we can understand that volatile nature made you that but shutting Bitcoin not happening even in the dream.

[jets567]

Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it.

There is no goverment that has power to control the price of Bitcoin and lets say that even if they did lower the price under $1000 for a long time, how sure they are that people will lose interest in Bitcoin? and what if some people take this as an opportunity to buy large amount of Bitcoin then the demand increase as well as the price so that kind of thinking will not work.

[amyshek1979]

You're absolutely right. If the price really falls, then we will run to buy more and more bitcoin. We are a huge community that is getting bigger every day. They simply cannot control the price.