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RE: Governments trying to ban Bitcoin.

in #bitcoin7 years ago (edited)

I hope you are right!! Love the meme! But saying that... if there is anything that does spook me investing....it is a government ban. I know once you have them you are set but it already is hard enough to convert to Btc from USD...if it was banned it would be definitely harder and I would expect a mass decline in value at least in the short term.

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@roghib I know what you mean, the way the government moves, if they ever do even get a chance to ban it, it will take FOREVER to overturn and it might not survive that, but I don't think its a possibility.

Yeah, I know its smart to keep it in. But I like guys like @craig-grant style, he cashes out as he goes from profits. Like for my genesis mining, Im mining ETH, and as it gets closer to 50 MH I am going to start mining start to keep ETH, convert the ETH mining to steem and then cash out around 20-30% weekly of the profits.