The Government Could Shutdown Bitcoin?

[Congyang]

the government turns off bitcoin? Do you think bitcoin is made by the government?
no one can turn off bitcoin except die internet connections around the world. I see this as a joke.
bitcoin is owned in many countries by many people, so it is impossible if bitcoin is turned off by the government in a country. the government can only make policies to ban bitcoin transactions in their countries

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[whyrqa]

I think that governments will not be able to ban cryptocurrency and especially Bitcoin, because they understand that people will still use cryptocurrency no matter what.  But a lot of money has been invested in the cryptocurrency market, and any government has a desire to control these funds.  In order to control the cryptocurrency market, you must first legalize the cryptocurrency.  And another important fact is the information that is often voiced by officials when cryptocurrencies are used to trade prohibited things.  Law enforcement authorities report statistics that show that in recent years, the abuse of cryptocurrencies is much higher than it was in 2013-2016.  Based on this, in any case, the authorities will look for ways to legalize cryptocurrency all over the world and control users' activities and their financial condition.

[ReiMomo]

The majority of all replies was stated that the government can't shut down Bitcoin and that is the fact. There's no people or admin behind on bitcoin because that is created with open source code and anyone can access an improve if you are a dev. But the government has the power to manipulate and control people who are using Bitcoin but when you say totally shut down, no, that is not. Only few countries forbade Bitcoin but the rest are friendly on this digital currency and embracing the blockchain that the technology behind the bitcoin.

[milani]

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/

Of course government may influence on financial processes in the country, on your level of life, on your abilities to change some amounts, they can limit the transactions, may influence on your taxes and so on. But they can not influence on Bitcoin..may be partially on some processes dealing with crypto..but not on the Bitcoin itself....that is why it is so attractive for lots of people)))) what about the price, it is an ordinary thing on such type of markets where the prices fall up and down...

[yulionoo]

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/

that is the same as bitcoin which can be controlled by the government. and in fact up to now there is not a single government that can control bitcoin. bitcoin remains decentralized. Large countries such as the United States and China also cannot stop or kill bitcoin. we know that every effort has been made by the government to stop bitcoin. but in fact it failed. bitcoin is still growing rapidly and becoming the most popular crypto in the world today.

[Viscore]

The majority of all replies was stated that the government can't shut down Bitcoin and that is the fact.

Indeed mate, because if they can shut down bitcoin, they could have shut it down when it was widely used in the dark market for drugs trading.

There's no people or admin behind on bitcoin because that is created with open source code and anyone can access an improve if you are a dev. But the government has the power to manipulate and control people who are using Bitcoin but when you say totally shut down, no, that is not. Only few countries forbade Bitcoin but the rest are friendly on this digital currency and embracing the blockchain that the technology behind the bitcoin.

Big country such as China ban crypto but there are still some countries who are using it, maybe the government of China can shut down BTC in their area but bitcoin is not only limited in China, therefore they cannot stop it and bitcoin will continue to leave.

So, for investors, we should look at that reality, and be smart to invest in this early stage.

[Boov]

the government turns off bitcoin? Do you think bitcoin is made by the government?
no one can turn off bitcoin except die internet connections around the world. I see this as a joke.
bitcoin is owned in many countries by many people, so it is impossible if bitcoin is turned off by the government in a country. the government can only make policies to ban bitcoin transactions in their countries

Maybe he was referring that what if bitcoin is being regulated by goverment and they will shutdown it. There is no possibility that it could be shutdown because it not yet legal nor government is already taking it. I dont think that it could be happen now. There is no possibility but who knows in  the future.

[kodtycoon]

i'm sure the method is just an empty theory without any real activities happening, even though they do it i'm sure that method won't work, because as we know, even the price of bitcoin starts from a very low price that doesn't even reach $500 before it finally surges. crypto and bitcoin itself already have a large interest in the world so it is very unlikely the government can shutdown bitcoin

[Google+]

the government turns off bitcoin? Do you think bitcoin is made by the government?
no one can turn off bitcoin except die internet connections around the world. I see this as a joke.
bitcoin is owned in many countries by many people, so it is impossible if bitcoin is turned off by the government in a country. the government can only make policies to ban bitcoin transactions in their countries

Maybe he was referring that what if bitcoin is being regulated by goverment and they will shutdown it. There is no possibility that it could be shutdown because it not yet legal nor government is already taking it. I dont think that it could be happen now. There is no possibility but who knows in  the future.

however the government will never be able to regulate the circulation and price of bitcoin, bitcoin will always be free and move from demand alone, the government can only use bitcoin and its technology and will not be able to be more than that, in the future nobody knows what it will be like but at least a little the picture in the future there will be more who do digital transactions and I'm sure bitcoin is one of the future.

[~Money~]

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.

1000% agree with you mate.many newbie and week holders are in panic mode. they are only looking for minus points and there source of news is social media university 

@ OP I dont understand how govt can shutdown which is out of there control more imp who the hell have lots of freee time and money for getting the shutdown  something which out of there hands. 

for example drugs see many drugs have been banned but still a good amount of people enjoying them and doing buy n sell.so the bottom line is that no one can get crypto shutdown its impossible for anyone to get it.

[bitbunnny]

I just don't know why som Bitcoin users are so obsessesd with governments and theories about ban of Bitcoin. That is not going to happen and don't bother so much with different conspiracy theories.
Yes, some governments are trying to regulate Bitcoin which is natural and sooner or later will happen in most countries but that is not a ban or"shut down", the expression that is used here.