The fight against Bitcoin is coming. Are we ready?!

[msarro]

Banks will only accept coins like xrp that are centralized and are not eliminating middlemen share. Currencies like xrp have nothing to do with cryptocurrencies as they are totally against the principles of cryptocurrencies. Banks will never accept the true cryptocurrency revolution rather they will make their own to remain in the contest.

[thesmallgod]

Brett should rather channel his energy towards a better idea. I do not think crypto need further lashes. What is currently happening is enough for the technology. Without any doubt we all see now that bitcoin and other crypto are becoming irrelevant and there has been significant break away or rather diversification by the people that may be thinking of investing in crypto before now

[Aikidoka]

I think that Bitcoin's major investors will already take precautions. We're only subjects for bitcoin. When Bitcoin first came out, those who invest heavily are now in a strong position. I think everything will happen by itself.

Indeed, I mean the people who invested a lot in cryptocurrencies are the ones who will get a huge profit in return when bitcoin's price will increase a lot again. It's just a matter of time, I think that people who already invested in bitcoin few years ago are the ones who will get the highest profit but it's still a good time now to invest though.

[suvo05]

Indeed, I mean the people who invested a lot in cryptocurrencies are the ones who will get a huge profit in return when bitcoin's price will increase a lot again. It's just a matter of time, I think that people who already invested in bitcoin few years ago are the ones who will get the highest profit but it's still a good time now to invest though.

Some people are afraid to use the bitcoin as regular currency because of the volatility of its price. But this volatility allows bitcoin to become a good investment in trading. Just buying it at the right time makes a people rich and one can get a chance almost every 6 months.

It's already happening and the government is battling all over the world again and asking people to accept the cryptocurrency because some government doesn't want it and is the reason why they don't have tax and then collectively make a transaction. And hopefully all the community will accept BTC because they were living a new age now and we need to do a transaction much faster and the power of blockchain that could change the world a lot.

Yes, the fight against bitcoin is nothing new. BItcoin has lots of haters, the governments are trying to dominate it, facebook is against it. Despite of those all bitcoin is still so strong.

[vicoma]

I don't see any possibility of this. Bitcoin itself is immutable, most countries has been his usage, despite it wax stronger. I think is nothing to be worried about as it is scientifically impossible to destroy or ban the usage of Bitcoin. Regulation can come in, restriction to geographical can come but has nothing to the with Bitcoin at a Global level.

[trickshot22]

There is no challenge. Bitcoin doesn't have to fight because, to start with, it doesn't even happen. Bitcoin is government-separate. There's no way to control it, and you don't have to have a fight. There is no stopping bitcoin, and when Satoshi developed bitcoin, all this was known. The way it was meant to work from the beginning was to keep it out of the hands of central power.

[crisanto01]

I think I'm ready if that's going to happen. But how about those with bitcoin's biggest investors? I don't think they're going to let that happen. I believe that Bitcoin will always exist as long as there are big investors or traders. Perhaps less than investment or trading, but most likely to dominate the option of money transfer and bill payment. I still don't understand why bitcoin would be done by some? Bitcoin has provided us with so many advantages. I assume that only those who trade unlawfully will be reproved.

For sure we are all ready no matter what, we are also aware of the consequence and we have seen the peak and the worst of Bitcoin so  it should have been in our mind already to be always vigilant and ready no matter what will happen with the price, learned from the past and make sure don't panic at all so you can think well.

[moviebuff777]

There has been a fight against Bitcoin from the moment people became aware of it.  I don’t think new legislation can weaken it any further than the American tax laws already have. And it’s too late to ban it now because the government has already auctioned off the Silk Road Bitcoins so the US government can’t really ban something they sold to the public.

[Murat]

Don't worry too much, this is not the first time we have seen this threat, In general, every platform has some both positive and negative points, so it's like this. but it's true that Bitcoin and cryptocurrency should have a common platform where should have some important person in this current context, we have to build a strong platform which could make us stronger than before, we should develop our negotiation power which is very much important at this moment because most of the government are not allowed to make this Bitcoin and cryptocurrency legal. so it's high time to do these things for the shake of Bitcoin and cryptocurrency.

[enhu]

The dex created today may have prepared us from whatever it is that may be coming. I'm really not that sure what is there to be alarmed except the fact that centralized exchanges today as well had forced us to submit documents to them.

Don't worry too much, this is not the first time we have seen this threat, In general, every platform has some both positive and negative points, so it's like this. but it's true that Bitcoin and cryptocurrency should have a common platform where should have some important person in this current context, we have to build a strong platform which could make us stronger than before, we should develop our negotiation power which is very much important at this moment because most of the government are not allowed to make this Bitcoin and cryptocurrency legal. so it's high time to do these things for the shake of Bitcoin and cryptocurrency.

Its not legal and countries are already recognizing it. It feel safe that we aren't going to be treated like criminals we if use crypto.

[Twentyonepaylots]

Brett should rather channel his energy towards a better idea. I do not think crypto need further lashes. What is currently happening is enough for the technology. Without any doubt we all see now that bitcoin and other crypto are becoming irrelevant and there has been significant break away or rather diversification by the people that may be thinking of investing in crypto before now

But you know, some people just want to watch the world burn. And Brett is one of those people. He might've saw or caught wind of how unprofitable bitcoin will be for the government because of its decentralised nature and is therefore doing everything in his power to whittle bitcoin down its roots. Big investors should be wary, but not pull their investments out. If anything, we should show our support to bitcoin in this time of need.

[finaleshot2016]

People are just being ignorant about new and upcoming technologies and they only foresee negative aspects from it. That's a mindset of those who lack appreciation in technology and aren't exposed to it.

Brett should rather channel his energy towards a better idea. I do not think crypto need further lashes. What is currently happening is enough for the technology. Without any doubt we all see now that bitcoin and other crypto are becoming irrelevant and there has been significant break away or rather diversification by the people that may be thinking of investing in crypto before now

But you know, some people just want to watch the world burn. And Brett is one of those people. He might've saw or caught wind of how unprofitable bitcoin will be for the government because of its decentralised nature and is therefore doing everything in his power to whittle bitcoin down its roots. Big investors should be wary, but not pull their investments out. If anything, we should show our support to bitcoin in this time of need.

Pessimistic people are the one who destroys modernization in the world. Brett did that for his personal desires and afraid to lose his power due to bitcoin's massive adaptation.

[Wipeout2097]

Its fact most existing financial institutions and the central banks are still against BTC and fight to vanish the BTC but now impossible for them to vanish the BTC.As we all know BTC is centralized and never depend on any regulator authority.

It can affect the BTC for short term but in long run BTC adoption will increase and the popularity will also increase,because BTC is too easy for transactions around the globe and people save their time and also earn from BTC for holding suitable price.

[acroman08]

Recently Brett Sherman was nominated to chair of Investor Protection, Entrepreneurship and Capital Markets. He will surely have the power to influence bills that can get introduced into Congress. He has been incredibly anti-bitcoin and will surely try to pass bills that will stifle the growth of the industry. Also recently BIS head has been advocating Central Banks begin to use digital currencies for themselves. This will surely play out as a way to out-compete crypto.

https://www.bloomberg.com/news/articles/2019-12-05/bis-wants-central-banks-at-center-of-digital-cash-revolution

Discussion: How can they community rally together for what is to come? Are we ready for when governments restrict / sanction any capital flow into exchanges? How prepared are we for these things?

I think that the restriction will be local and you don’t need to worry. Bitcoin is too strong to be crushed by Congress bills

of course, the restriction will be local.

Bitcoin is too strong to be crushed by Congress bills

that is a given that the congress can't crush bitcoin but that doesn't mean the effects of the restriction(if it ever happened) won't be felt by the bitcoin market and the bitcoin community.

[CaVO32]

Who wants to be protected from Bitcoin. I think governments may be afraid of this situation. However, some large capital owners may not want it. Bitcoin is spreading naturally. People prefer it because it is useful. Bitcoin is fighting its own.

The government may come up releasing digital currencies of their own but people will surely prefer bitcoin not just of its own uniqueness but it has been proven already for being useful for 10 years. The government cannot easily stop bitcoin because the people themselves are also fighting for bitcoin.

you are very right. it has been a decade that bitcoin is in the market and everyday it is going strong because of the increasing number of users and companies that are integrating bitcoin in their system. I don't think the government will be successful in the total banning of crypto usage. unless they will lockdown the use of internet. in time, they will realize that such move is a dumb one. we are already in digital age and we need crypto and blockchain tech more than ever. it will ease a lot of problems in transparency and transaction speeds.

[nicolas1979]

Yes and they will keep try until bitcoin become useless and abandon with their fanatic follower. They see bitcoin as a treat but in other side they adopt the technology and use their own coin to get people trust, that's betrayal. Bitcoin will keep standing but need our support as users, we can keep going by use it to make money and give continue promotion with example to make people stay. Country and government want to push us came back into what they can control, we should stay with bitcoin.

[Eugenar]

Its fact most existing financial institutions and the central banks are still against BTC and fight to vanish the BTC but now impossible for them to vanish the BTC.As we all know BTC is centralized and never depend on any regulator authority.

It can affect the BTC for short term but in long run BTC adoption will increase and the popularity will also increase,because BTC is too easy for transactions around the globe and people save their time and also earn from BTC for holding suitable price.

Though, the onky problem bitcoin could face is the irregularity of its uses, bitcoin should be intended for productive purposes and should be restricted upon jurisdiction of a country. Possibly, to make the bitcoin's reputation to gain first rather than stepping ahead of the government. Even if we think bitcoin as a decentralized exchange, we are bound to accept the fact that we should follow the rules set up by the government. So to avoid fights regarding bitcoin. The best way is to compliance.

[LogitechMouse]

That is how the market works and the game of money . There is always a hater.

We are always ready in my opinion. Bitcoin has been targeted by authorities already for the past 11 years and it has been considered "dead" in different articles and it has been put in obituary. Did somebody has become successful? None meaning Bitcoin is still strong right now and will be forever.

Lets see how this affect the price of Bitcoin and crypto in general