Governments cannot control Bitcoin

[kent47400]

I totally agree that the Government will not be able to control the rate of Bitcoin.
Even the Whale cannot control Bitcoin because Bitcoin is Decentralized, except maybe the Whale has around 15,000,000 Bitcoin. LOL

I think the Government is only adhered to by regulations regarding Bitcoin and cannot prohibit the circulation of Bitcoin in the country.

[Wedhus Balap]

That's right, which government can control Bitcoin with its regulations. The decentralized system makes him independent and independent in managing his life. But that doesn't mean it's enough to make it great forever, because there are market mechanisms that can punish it at any time

[Muneeb22]

This time not any government will control the Bitcoin or also other crypto currency becasue it is untraceable and no one can find the history of any withdraw and depositor account or name details.

[densus88]

That's right, which government can control Bitcoin with its regulations. The decentralized system makes him independent and independent in managing his life. But that doesn't mean it's enough to make it great forever, because there are market mechanisms that can punish it at any time

I agree mate, the reason why bitcoin cannot be controlled by every one, especially the government. Because decentralized system. No one can control bitcoin. In my opinion demand and supply will control the bitcoin price at market.

[Freemind]

Bitcoin cannot be controlled by governments, we agree on that, but... They can ban it (and cryptocurrencies in general), put restrictions, and what is worse, know who uses it. And for me the latter is the worst, we use our smartphones to send or receive, our computers with our IP, our credit cards and bank accounts to buy, and we always leave a trace even if we don't want to. They can't control Bitcoin, but unfortunately they can control who uses it.

[dekafee79]

That's right, which government can control Bitcoin with its regulations. The decentralized system makes him independent and independent in managing his life. But that doesn't mean it's enough to make it great forever, because there are market mechanisms that can punish it at any time

I agree mate, the reason why bitcoin cannot be controlled by every one, especially the government. Because decentralized system. No one can control bitcoin. In my opinion demand and supply will control the bitcoin price at market.

Of course, I agree with your opinion. Bitcoin cannot be controlled by government because decentralised system. So bitcoin is independent and dependent on demand and supply. Bitcoin is the future technology, government just can ban bitcoin

[rizqillah]

Not only government, No one cannot control bitcoin price.  Bitcoin price is depending on demand  and supply. We all know bitcoin has high demand, I think It is the reason why bitcoin has high price.

[legend45]

The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.

As we all know Bitcoin is free from the clutches of the government. No government can controll bitcoin. Bitcoin will race  and always be the King of crypto currency till the digital era coming. I hope It will be soon.

[0t3p0t]

The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.

I agree and you have a good point mate. It is really the centralized exchanges that the government is after of regulations. Look at what had happened to some of the privacy coins like Dash, XMR, ZEC and others, they got delisted from big exchanges because governments don't like them.

[Msweet]

They can't control bitcoin, so they will try to control the exchanges they are trading on. I think that soon they will succeed.

In fact, the government has considered Bitcoin transactions to be completely illegal and illegal, as various anti-social activities can be carried out through Bitcoin transactions, so the government has disagreed with the legitimacy of Bitcoin.  If it is valid in many countries of the world.  Maybe it will give legitimacy to our country.

[Primo1760]

Fiat is a term used to describe the conventional currencies that are issued by governments. Fiat currencies have value because governments say that they do. To an increasing number of people, that promise means nothing. After all, fiat currencies are not backed by any tangible assets. You can’t return the currency to the government in exchange for a bar of gold or silver, a can of beans, a pack of cigarettes, or any other items that might have value to you. Fiat currencies are backed by the full faith and credit of the government that issued them and nothing more. If you want gold, silver, beans, or smokes you need to exchange your fiat currency with a person or entity that possesses the item that you want.
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[Cinno3]

No country's government can control Bitcoin. Bitcoin rises in price at its own pace. Bitcoin has a large number of users worldwide. So no country can impose a ban on Bitcoin. Bitcoin will be approved in every country.

[Calanth]

Congratulations to the investors you may have planned to sell off early but thanks to perseverance you are increasing the value of your assets. and bitcoin is the safest betting formula available today with very little risk

[nakmantu99]

No country's government can control Bitcoin. Bitcoin rises in price at its own pace. Bitcoin has a large number of users worldwide. So no country can impose a ban on Bitcoin. Bitcoin will be approved in every country.

Yes, I agree and I also predicted bitcoin will be accepted in every countries. I think It will happen at the coming future. Bitcoin is very potential and I believe no government can controll bitcoin. Never..

[Laxmi Sharma]

You are right that the government of any country cannot control Bitcoin because Bitcoin is self-regulated. No one has control over Bitcoin. The government does not want to easily legalize Bitcoin as it has no control over it.