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I do not think that any government can really ban an internet site or application or Bitcoin trading or mining since there is a lot of companies that provide good VPNs or VPSs and some people rent their laptops or computers and you can use them via TeamViewer so you can hide your IP.
The only way that the government can find you is if you are mining and you have a high electrical consumption the electrical company can detect that. So I would not worry about any government ban unless I start to mine.
The only way that the government can find you is if you are mining and you have a high electrical consumption the electrical company can detect that. So I would not worry about any government ban unless I start to mine.
The government can and has banned internet sites in India. The most recent case is the BAN of all porn sites. I'm not a 100% sure but I guess around 800 porn sites have been banned in India and network providers like Airtel, Jio, BSNL etc. are now complying with this new BAN.
As far as bitcoin goes. I think that if the government of India does BAN it then they know that the country will start to use bitcoin in illegal activities. The last thing a country like India needs is an increase in corruption. Maybe the country is backward but as far as I can tell it may be able to realize it's mistakes and well we can only hope for improvements.
Maybe once ICE's BAKKT official launches its services the prices of bitcoin might rise. I mean this does open up doors to institutional investors and I know that bitcoin futures isn't exactly related to bitcoin the cryptocurrency but it could lead to investor confidence.
This would ultimately lead to more people investing bitcoin.
This would ultimately lead to more people investing bitcoin.
This is very possible. The Blockchain technology is a revolutionary one with a lot of significance. As the people become more familiar with it, the adoption and utilization of the Blockchain and cryptocurrency will increase which will gradually lead the world to cashless.
The world is already in a digital era. Take for example healthcare. There are so many advancements like the fact that an A.I was able to assist in an operation in china. Not just this medical records are now being moved to a digital form.
I'm just talking about one sector. There are various others. The entire fundraising has seen a major shift from IPO's(Initial Public Offerings) to ICO's. There are multiple ways to have a business meeting. Skype video calls etc..
Your post is very general. I mean I can appreciate that you have put out a topic like this. But most people already know about this. The world is becoming cashless as in India Paytm is widely used instead of cash.
I don't think it is. Because that's what happened in 2016 to 2017. Bitcoin's price was very low and when it comes to 2017, it rises up quickly. So I think it may happen again next year.
I don't completely agree with you. Yeah bitcoin prices may or may not increase. But one thing for sure is that it will survive. I mean if it has survived for 10 years I sure it has caught the attention of some potential people.
There are countries implementing cryptocurrency. Not a person, Not a group of people, Not a company, Not even a city or a state rather an entire country. This will impact the cryptocurrency market sooner or later.
It seems that the panic occurred due to the fact that everyone was expecting a rise in the price of Bitcoin, and there was a fall. Yes, compared to last year, now the price of Bitcoin is quite high, but if you look at its price in the middle of December 2018, it has fallen sharply, this worries many investors and they leave. Soon everyone will get used to this Bitcoin price and calm down, after which it will be possible to talk about the possible growth of the crypto market.
True. Seems more like the filtering process has begun.
Recently, I have been seeing a small spike in the number of posts about bitcoin prices. Most of them seem to be out of fear bitcoins end.
But I think bitcoin will survive. Here is why I think so.
First let's take a quick look at the price charts.
Now the prices for BTC is depicted for a day. Seems like BTC is falling fast right?
Now let's look at another image.
Now this is the price chart of BTC for a month. Doesn't look that great does it. I mean the prices were volatile and seem to now be falling.
Lets take a look a the last image.
In this image can you spot the fall that easily?
Not really. It does look highly volatile. But then the prices seems to be stabilizing. The spikes seem to be reducing and there seems to be consistency.
The thing is we have looked at bitcoin up close and that's why we say things like:
Bitcoin prices are falling
Bitcoin down by 20%
Is this the end for Bitcoin
But when we start looking at the bigger picture. We can see that bitcoin has come a long way and the price chart if seen up close might show a trend towards the end. But sometimes the bigger picture needs to be seen. Don't panic bitcoin still has a lot left. It will keep fighting.
If not the price chart. Think about the fact that countries like the US and India have noticed bitcoin and other cryptocurrencies and have planned to provide a verdict. I will admit that it has been delayed but the mere fact that the SEC in the US and the Supreme court in India are providing a verdict means bitcoin might just be a step closer to becoming a global currency.
At least it keeps the Hope alive.
This is just my opinion. I would really like to know about yours.
If I am wrong please prove it to me.
I am always happy to learn more.
Picture source: https://coinmarketcap.com/currencies/bitcoin/
Your positivity in this forum is greatly appreciated. Surely, bitcoin can still fight but I am not expecting anymore that bitcoin will pump this year. What I can onsetve is that its price will be stable for the next 3 months. To change the price is not caused by the whales but it is caused by the panic sellers. But I think bitcoin will survive. Here is why I think so.
First let's take a quick look at the price charts.
Now the prices for BTC is depicted for a day. Seems like BTC is falling fast right?
Now let's look at another image.
Now this is the price chart of BTC for a month. Doesn't look that great does it. I mean the prices were volatile and seem to now be falling.
Lets take a look a the last image.
In this image can you spot the fall that easily?
Not really. It does look highly volatile. But then the prices seems to be stabilizing. The spikes seem to be reducing and there seems to be consistency.
The thing is we have looked at bitcoin up close and that's why we say things like:
Bitcoin prices are falling
Bitcoin down by 20%
Is this the end for Bitcoin
But when we start looking at the bigger picture. We can see that bitcoin has come a long way and the price chart if seen up close might show a trend towards the end. But sometimes the bigger picture needs to be seen. Don't panic bitcoin still has a lot left. It will keep fighting.
If not the price chart. Think about the fact that countries like the US and India have noticed bitcoin and other cryptocurrencies and have planned to provide a verdict. I will admit that it has been delayed but the mere fact that the SEC in the US and the Supreme court in India are providing a verdict means bitcoin might just be a step closer to becoming a global currency.
At least it keeps the Hope alive.
This is just my opinion. I would really like to know about yours.
If I am wrong please prove it to me.
I am always happy to learn more.
Picture source: https://coinmarketcap.com/currencies/bitcoin/
Exactly. These panic sellers cause a form of confusion among other investors. The big whales know what the truth is. That is why they are called the "BIG WHALES"
Re: How do we incentivize small and medium companies to accept and use Bitcoin?
This could be a problem in some countries like India. In India it is deemed illegal rather it is banned to use any form of cryptocurrency as a means of exchange for any type of goods or services. Although this does prohibit trade in cryptocurrency. So, even if a business wants to use bitcoin they can't. I guess the applies for the US. Not sure about the US. You may want to check it once.
Recently, I have been seeing a small spike in the number of posts about bitcoin prices. Most of them seem to be out of fear bitcoins end.
But I think bitcoin will survive. Here is why I think so.
First let's take a quick look at the price charts.
Now the prices for BTC is depicted for a day. Seems like BTC is falling fast right?
Now let's look at another image.
Now this is the price chart of BTC for a month. Doesn't look that great does it. I mean the prices were volatile and seem to now be falling.
Lets take a look a the last image.
In this image can you spot the fall that easily?
Not really. It does look highly volatile. But then the prices seems to be stabilizing. The spikes seem to be reducing and there seems to be consistency.
The thing is we have looked at bitcoin up close and that's why we say things like:
Bitcoin prices are falling
Bitcoin down by 20%
Is this the end for Bitcoin
But when we start looking at the bigger picture. We can see that bitcoin has come a long way and the price chart if seen up close might show a trend towards the end. But sometimes the bigger picture needs to be seen. Don't panic bitcoin still has a lot left. It will keep fighting.
If not the price chart. Think about the fact that countries like the US and India have noticed bitcoin and other cryptocurrencies and have planned to provide a verdict. I will admit that it has been delayed but the mere fact that the SEC in the US and the Supreme court in India are providing a verdict means bitcoin might just be a step closer to becoming a global currency.
At least it keeps the Hope alive.
This is just my opinion. I would really like to know about yours.
If I am wrong please prove it to me.
I am always happy to learn more.
Picture source: https://coinmarketcap.com/currencies/bitcoin/
But I think bitcoin will survive. Here is why I think so.
First let's take a quick look at the price charts.
Now the prices for BTC is depicted for a day. Seems like BTC is falling fast right?
Now let's look at another image.
Now this is the price chart of BTC for a month. Doesn't look that great does it. I mean the prices were volatile and seem to now be falling.
Lets take a look a the last image.
In this image can you spot the fall that easily?
Not really. It does look highly volatile. But then the prices seems to be stabilizing. The spikes seem to be reducing and there seems to be consistency.
The thing is we have looked at bitcoin up close and that's why we say things like:
Bitcoin prices are falling
Bitcoin down by 20%
Is this the end for Bitcoin
But when we start looking at the bigger picture. We can see that bitcoin has come a long way and the price chart if seen up close might show a trend towards the end. But sometimes the bigger picture needs to be seen. Don't panic bitcoin still has a lot left. It will keep fighting.
If not the price chart. Think about the fact that countries like the US and India have noticed bitcoin and other cryptocurrencies and have planned to provide a verdict. I will admit that it has been delayed but the mere fact that the SEC in the US and the Supreme court in India are providing a verdict means bitcoin might just be a step closer to becoming a global currency.
At least it keeps the Hope alive.
This is just my opinion. I would really like to know about yours.
If I am wrong please prove it to me.
I am always happy to learn more.
Picture source: https://coinmarketcap.com/currencies/bitcoin/
You sound sad that your shitcoin isn't mooning and want to hype people on crypto.... bitcoin sells itself.
People come to bitcoin and a few altcoins as they need them. Trying to market crypto just makes it look and sound like a scam.
People come to bitcoin and a few altcoins as they need them. Trying to market crypto just makes it look and sound like a scam.
Correct me if I am wrong but are you not in a way marketing bitcoin with that username?
I am all for not marketing bitcoin. I do agree that it is rather better to not be marketed. But maybe a trial method might help sort this out. I mean it would provide evidence.
Plus countries aren't exactly against cryptocurrencies they are just banning it for the purchase of goods or services. Trading in them is still legal. This means that even the government has realized the potential bitcoin holds but it still needs to safeguard the interests of the public.
The price of bitcoins is stabilizing. This means that the governments of the world might see bitcoin more closer to a legit global currency.
Why?
Because the government initially did not prefer bitcoins as they were highly volatile and if there are any crimes that take place like money laundering it would be very difficult for the government to trace them. Although both the problems are not solved one of them does seem to be. If the price stabilizes it is likely to attract more people to use them. So I guess that the verdict in December by the SEC will legitimize bitcoin at least in the US in case they rule in favor of cryptocurrencies.
Why?
Because the government initially did not prefer bitcoins as they were highly volatile and if there are any crimes that take place like money laundering it would be very difficult for the government to trace them. Although both the problems are not solved one of them does seem to be. If the price stabilizes it is likely to attract more people to use them. So I guess that the verdict in December by the SEC will legitimize bitcoin at least in the US in case they rule in favor of cryptocurrencies.
COMPANIES IN JAPAN PAYING SALARY IN BITCOIN
This is very good for bitcoin and also altcoin if all contries like Japan become crypto friendly then crypto world be amazing for crypto lovers and many will become millionaire and billionaire
This is very good for bitcoin and also altcoin if all contries like Japan become crypto friendly then crypto world be amazing for crypto lovers and many will become millionaire and billionaire
Could you please provide a link?
I mean this is good news but a link would help back it up.
the government hates crypto currencies because they always think negatively of money laundering and fundraising for the future
You may not know that the government is also trying to create a strong Crypto market even though they issue bans. Governments are not stupid as to what you are thinking, and they are operating anonymously in the Cryptocurrency market.Could you elaborate a little more on this?
Not all governments hates bitcoin, Japan is one example, they legalized bitcoin instead of banning it. Other countries are not yet prepared to allow bitcoin to become of their optional currencies because of its decentralized nature. They might need more time to study it first like what will be the impact on their economies if they freely allow their people to use bitcoin and other cryptocurrencies in their transactions.
Japan is an exception. There can be many more countries to follow. But none will unless their faith is put back in place. This could even be trust. A trust in the system. A sense of trust that no one will manipulate the system for their own personal gains.
The government is not ready to take responsibility for what happens to the cryptocurrency market. they are less aware of the potential of bitcoin that can be given to the world. The government is also afraid of being threatened by things that can be done by bitcoin.
Exactly. There could be a rise in illegal activities, Rise in criminal organizations, Rise in money laundering. Think about it. There are multiple ways in which bitcoin can be used. But the negative effects can overshadow the positive effects. In order to avoid that we need to make sure that it can be regulated not completely. But at least place a few regulations that everyone can agree on.
Why does the government hate bitcoins? Bitcoin is a virtual currency that has not been properly authenticated. Bitcoin is also a trading currency for criminals so it is a threat to the government that makes the government do not like it. . So, in the near future, we need to rebuild the trust of the government with safe and legal trading, which in turn will make the government more secure and more stable.
This is the kind of thinking we need. The government isn't exactly our enemy. They are trying to protect us and bitcoin was used for money laundering. So when something is invented it can be used for good and bad. As you have stated we need to win the trust of the government back.
In my opinion why government dont like bitcoin because it has no tax. Government will like it if they can add tax to it every transaction. Specially on third world countries.
Not entirely. I mean tax can always be imposed on the transactions that take place.
They worry about the impact on their financial system in the event of a burst of Bitcoin bubbles and the resulting bad effects.
Could be one of the main reasons. This doesn't make the government bad. Instead this makes them a parent. They are trying to safeguard the interest of the people.
i dont think that all government are hating cryptocurrencies and bitcoin. some countries are fully embracing cryptocurrencies like venezuela, iran and japan. the blockchain technology is a technological breakthrough to improve the current payment system so why hate?
Not all countries. But there are some like India which are afraid of what kind of change cryptocurrencies might bring about. This could help curb corruption and endanger all the pockets of the politicians or the corrupt bureaucrats
Government hate bitcoin because bitcoin will set all their slave free. 50% of the money we earn as salary is collected back by the same Government that paid us in the name of tax and bills.
What country do you live in?
Because that isn't exactly how it works. If you have paid excess tax they will refund you. I am not an expert in the matters of tax but I think you need to brush up on the tax laws of your country.
what you mentioned is true and some countries even forbid the use of this bitcoin digital currency because of the influence of people who hate bitcoin. even though this bitcoin is a very good and very efficient digital currency.
In my opinion, the government hate Bitcoin Because they cannot regulate and control the Bitcoin. We know that Bitcoin is one of money digital which decentralized systems, means that Bitcoin stand-alone without any third parties who control and manage it. No one person controlling and managing an economy isn't the crux of the matter here. Whats important is transparency. If the world did not have rules, regulations, law and order in place. Do you think there wouldn't be any chaos. There needs to be rules, regulations, law and order but these mean nothing if there is no transparency.