The Government Could Shutdown Bitcoin?

[xvids]

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 ban Bitcoin in their country but they could never shutdown Bitcoin.
And it isn't simple and easy how do you think they would make the price drop below $1,000 again?
And if it ever reach that low again do you really think that they could maintain it that way?
People would grab their chance to buy it back for sure.

[djcaoile1205]

Lol these decided it's too easy? If the price will be about 1000k, I will be the happiest human in this world. I just go buy more btc and more! And then, it will up to the sky coz there re so many people like me.

[Lizzie_Girl]

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 it. Do they think stabilizing it will kill it? Why would that kill it? More people will invest. It is a much better way to pay and these fools are losing the point entirely.
They should all just sell their bitcoin and be over with it. They do not use it for what it is meant for and always cry when the price goes up. They think everything will be 100% all the time. Impossible.

[Blawpaw]

I don't think that governments could take down Bitcoin. To do that they would have to shut the internet. Even if the governments criminalize using and mining Bitcoin the price would skyrocket and Bitcoin would become more desirable than ever. Even if the government tries to control Bitcoin price I don't think they would succeed.

[Wintersoldier]

Even if the government tries to control Bitcoin price I don't think they would succeed.

The point is because the Government is powered by people, and cryptocurrency and Bitcoin is also powered by people. If Government will try to ban or shut down bitcoin, people will lose trust to cryptocurrency. Why should a government stop an asset or technology when it provides allot of benefits to their people? Soon they will support it and implement its security once they figure out how crypto could contribute to their country. But will never ever have the capability to shut down crypto especially Bitcoin.

[Wind_FURY]

I don't think that governments could take down Bitcoin. To do that they would have to shut the internet. Even if the governments criminalize using and mining Bitcoin the price would skyrocket and Bitcoin would become more desirable than ever. Even if the government tries to control Bitcoin price I don't think they would succeed.

The government actually will undertand that it would be better to give in to their greed, and be miners, and HODLERS.

[Gheka]

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 ban Bitcoin in their country but they could never shutdown Bitcoin.
And it isn't simple and easy how do you think they would make the price drop below $1,000 again?
And if it ever reach that low again do you really think that they could maintain it that way?
People would grab their chance to buy it back for sure.

Why don't you think governments can easily shut down bitcoin but they simply think this is unnecessary and has no benefit to them? Banning or disabling bitcoin are all jobs within the power of the government when they own a series of genius brains, even smarter than the person who created bitcoin. However, governments are still more interested in their interests, the benefits of the economy with bitcoin, a lot of mysterious relationships and tacit cooperation between the government and people involved in bitcoin, the shutdown of bitcoin will destroy the hidden benefits and promote many economic problems

[adeandro]

If they really want it, they will do it, very quickly.

[peter0425]

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/

lol if the government can control Bitcoin then surely they have done this the very moment,but its not the thing no single entity that can control bitcoin.

If they really want it, they will do it, very quickly.

lol  in your dreams 

[Palider]

The government can't do that, and to be worth $ 1,000 worth of bitcoin the government needs to buy all the bitcoin 15, million BTC or 10,821,750,000 USD is actually not all. Do you think the government will waste that much money for bitcoin?

[omfg.xekcep]

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/

Unfortunately I have not completely understood what you actually mean and what you imply saying that the government might prohibit bitcoin or other cryptocurrencies. I never used to participate in the similar discussions because I did not consider them quite useful and sensible. Why so? I do not know. Anyway, at least I will endeavor. So, let us return to your question. If really, I cannot understand why the government ought to be worried about the bitcoin existing. What are the reasons? Why the government did not prohibit cryptocurrencies until cryptocurrencies became popular and quite wide usable, at lest it would be much easier to eliminate bitcoin earlier than now. I meant the government might dispose the whole crypto market  but probably the government would not wanna do it. May be the government understands the cryptocurrencies are vital for the further evolving high tech. I consider that prohibiting bitcoin is something like prohibiting "freedom". And I repeat, the government would have prohibited cryptocurrencies if the government had wanted to do that. As we can see the government actually do not care of it.

[Mr. Spasybo]

Making the bitcoin market price below $ 1,000 is much more difficult than bringing it back to the $ 20,000 level that it was in 2017.
And the price of BTC depends only on the market, it is affected, not controlled by the state, so what will the state do to achieve their goals?

[NathanJB]

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/

This is an absurd plan, poorly thought out. How can it be successful when they cannot control everyone else? If they are willing enough to spend billions just to convert the price down to $1,000, they can do so. But they will also have to spend another billions to counter the rising demand of Bitcoin by the time it came down on that very cheap price. They should brace themselves for stronger demand while the price is falling down. Investors are interpreting it as an opportunity.

[cutesgirl]

The government can't do that, and to be worth $ 1,000 worth of bitcoin the government needs to buy all the bitcoin 15, million BTC or 10,821,750,000 USD is actually not all. Do you think the government will waste that much money for bitcoin?

Bad planning from government want to banned bitcoin as legal currency transaction, I think if usually moment with bitcoin as digital payment now allowed for legal transaction payment way but if using bitcoin as investment assets and have try banned by government is look scare with bitcoin become best investment assets, how ever people need to increase their asset not only saving with the bank.

[Chrystora123]

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.

bullshit by the government that says being able to kill Bitcoin slowly has often been said by the media.. in fact, they (the government) only continue to say nonsense on an ongoing basis!!  Bitcoin will not be abandoned even if it drops to $1,000, but the opposite will happen..  Bitcoin will be increasingly hunted if it returns to the price of $1000.  to be honest, I will sell one of my houses to buy Bitcoin if the price of Bitcoin drops to $1000.

[shoreno]

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.

bullshit by the government that says being able to kill Bitcoin slowly has often been said by the media.. in fact, they (the government) only continue to say nonsense on an ongoing basis!!  Bitcoin will not be abandoned even if it drops to $1,000, but the opposite will happen..  Bitcoin will be increasingly hunted if it returns to the price of $1000.  to be honest, I will sell one of my houses to buy Bitcoin if the price of Bitcoin drops to $1000.

bitcoin already drops below 10k usd at the moment of this writing  , so are you ready to sell your house ? i bet your only kidding when you say that . house is important and selling it only for btc is i think not worth it not unless if you are a filthy rich millionaire that owns alot of houses  but if that is the case then sell your house whenever you like and no one will stop you  . anyway no government can stop btc because if its true then btc did already died a long time ago  .

[Gotumoot]

I read this article online that the government could stop
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.

The price of bitcoin is unstable and the government will find it difficult to set the price of bitcoin to 1,000 $. I'm sure that if they did this might still be a chance for big whales to buy those bitcoins at a cheap price and result in a bitcoin price rise again.

[goodblockchain]

Blockchain latest news: a state-owned quantum computer could break blockchains in as little as three years  https://www.computing.co.uk/ctg/news/3033006/state-owned-quantum-computer-break-blockchains-three-years 'A commercially viable quantum computer is still probably a decade away but the first rudimentary, state-owned device capable of breaking common one-way encryption algorithms like AES and elliptic curve cryptography could be with us much sooner.'
'Whoever achieves it first - and it could be within as little as three years according to Cheng - don't expect to learn about it in the news.'

[Hamphser]

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.

bullshit by the government that says being able to kill Bitcoin slowly has often been said by the media.. in fact, they (the government) only continue to say nonsense on an ongoing basis!!  Bitcoin will not be abandoned even if it drops to $1,000, but the opposite will happen..  Bitcoin will be increasingly hunted if it returns to the price of $1000.  to be honest, I will sell one of my houses to buy Bitcoin if the price of Bitcoin drops to $1000.

I know for sure you guys don't know a media manipulation it's all happening already before since there's no bitcoin yet. The only real source that i found most legit was those funding their own business just to share some important matters and not some media outlets who's being under control of the government. Bitcoin will not get affected no matter what the government do it all just depends on us.

[cr1776]

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/

"The government "?  Which one?

"mak[e] the price lower than 1000$". How?


Whomever proposed this seems to not have thought it through.