Governments cannot control Bitcoin

[Tamsialu$$]

One thing I noticed the most. ষ Bitcoin is used the most in developing countries, especially in European countries. But the use of bitcoin in developing countries has not been legalized. That is why the governments of the least developed countries will never be able to handle Bitcoin.

[Arendra]

All the controls that Bitcoin applies are in the hands of their respective holders. Because the blockchain system is designed so that users are independent and can carry out all transactions on their own so it will be much faster and easier.

[bayiajaib]

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.

yes , I agree government cannot control bitcoin, because decentralized. No one can control bitcoin . The basic factor which affect the bitcoin price is demand and supply. We all know bitcoin and others are volatile.

[EthereumDev_]

Of course the government will never be able to control bitcoin because when it was first launched, bitcoin had a whitepaper which showed that bitcoin could never be controlled by anyone, including the government, because its movements depended on the owner itself.

[Jaya60]

No one can control Bitcoin and no government can control it. It continues to be controlled from its own place. This is why bitcoin is not legalized in many countries. He also invented the bitcoin gene but I don't think he can control bitcoin.

[Casual]

As far as I know, no one can control Bitcoin. And the government will never be able to control what bitcoin is.The legitimacy of bitcoin I have seen is not in many countries. Maybe the government will not be able to regulate bitcoin because they have not yet legalized bitcoin in those countries.

[Token@]

Bitcoin never goes under anyone's control.  It returns to run at its own pace.  I do think any government can not control Bitcoin because it will be very difficult for the government of a country to control the amount of Bitcoin transactions that are happening day by day and its popularity is increasing.  Bitcoin is the king of the cryptocurrency world.  Bitcoin will reach the moon one day.  Bitcoin will be valued more than gold.

[gqinyot]

Yes, up to now a lot of countries are still unable to accept cryptocurrencies. If a country accepts Bitcoin, then that country will definitely thrive in the future because Bitcoin brings huge value as well as profits.

[Sierra]

One thing I noticed the most. ষ Bitcoin is used the most in developing countries, especially in European countries. But the use of bitcoin in developing countries has not been legalized. That is why the governments of the least developed countries will never be able to handle Bitcoin.

Yes, if the government can manipulate the price of Bitcoin, I believe Bitcoin cannot thrive like it is today and there are not many such investors. No one or any nation dominates Bitcoin completely

[Zulema]

Yes, countries that do not accept Bitcoin often do not develop because they fear that investors will invest in Bitcoin and will lose the value of the country's currency. but the value it brings to help their nation's development

[Mbah Jenggot]

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.

Government just blocked but cannot control bitcoin. Maybe only whales cannot control bitcoin. But  who is whales ? I think no one cannot be. Bitcoin has owned by every one. So Bitcoin cannot be controlled. Only demand and supply will be basic factor.

[Crypto_Somrat]

The government has no control over Bitcoin. The government cannot collect any tax from Bitcoin. So the government of any country does not want to legalize bitcoin easily. But many developed countries have legalized Bitcoin. It is hoped that cryptocurrency Bitcoin will soon be legalized worldwide.

[ttcsalam]

Digital currency management has yet to create a truly meaningful means of controlling anywhere. As such I think any government can control it through a system if it wants to. Money laundering is possible in any country if legal or illegal transactions are not controlled day after day. He must come into a system as such.

[Chita76]

The government will never be able to control Bitcoin because it is not possible to control Bitcoin alone.  Bitcoin is regulated by investors. If investors sell at a higher price then the price of bitcoin increases and if they sell at a lower price then the price of bitcoin decreases. I think this is the main reason.

[Muneeb22]

Not just governments no one can control the Bitcoin or any other coin becasue this is the most secure and best way to send and receive the payments from one place to another. Crypto is the future of our world and soon it is going to be legal.