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Will you invest in a cryptocurrency entirely controlled by a government?

  • Thread starter Thread starter Zevin
  • Start date Start date
Concerning if I will invest in a cryptocurrency entirely controlled by the government. Well, I don't think that is going to happen especially in my country, and it if does happen that their is a cryptocurrency controlled by the government, I will not invest into it all
 
Regarding if I will invest in a cryptocurrency entirely controlled by the government. I really doubt if I can invest my money to a cryptocurrency controlled by the government because I don't not trust them
 
Well as far as I'm concerned there with how cryptocurrencies are used and its transactions carried out, it's never going to be possible for the government to have monopoly of it.
 
If the particular cryptocurrency is been allowed to play out like other cryptocurrency and it has a specific problem it solves, I might consider investing in such cryptocurrency
 
Damscooguns73 said:
Concerning if I will invest in a cryptocurrency entirely controlled by the government. Well, I don't think that is going to happen especially in my country, and it if does happen that their is a cryptocurrency controlled by the government, I will not invest into it all
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The only way i can invest in crypto currency if the government is controlling it is if the tax is normal because government always increases the tax almost every opportunity and it might affect crypto currency.
 
We all are using everything controlled by someone. Every crypto is controlled by someone. There is no such thing as true decentralization. People have to understand this fact that there is harder to find decentralization in near future in any crypto. So it is better respect and accept your own nations crypto.
 
From my experience with what is happening in my country now in respect to cryptocurrency and the government the only thing that the government can be used to limit the people that are using cryptocurrency or transaction that are done with cryptocurrency but they cannot control it.
 
For me to invest in a cryptocurrency controlled by the the government depends on the level of government involvement and the project backing the cryptocurrency. If the government encourage a good level playground for it citizens to participate in it, I will surely invest on the cryptocurrency.
 
Well, as long as it's a cryptocurrency and I can be able to make money online from it, it doesn't necessarily matter if the government have some sort of control over it.
 
Well I could but not definitely one controlled by my government because there is no trust whatsoever and that's the basis of all business transactions, could definitely do in more developed countries
 
I will prefer not to under government control because there will be a kind if government restrictions on either the rate of exchange, that is purchase and sells of the cryptocurrency because all policies will be centralized so to me I prefer under a decentralized environment not government.
 
Well the endpoint and the main reason for anyone that invest in cryptocurrency is for him to be able to make money off it when he wants to sell so even if government controls a cryptocurrency and there is still a chance to make money from it then I don't see any reason why you shouldn't invest in it.
 
Heatman said:
Personally, I don't really know how to say this but I still definitely have to say it because it's necessary. When it comes to investing in government coins, it's not a good idea.
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how can invest in cryptocurrency that is entirely controlled by the government if it is profitable as an investor the remain motive of my investment is to make profit.
 
Richard92 said:
how can invest in cryptocurrency that is entirely controlled by the government if it is profitable as an investor the remain motive of my investment is to make profit.
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Exactly, that's the point of view I'm trying to explain for those who are afraid of investing in cryptocurrency that a government have a say it in because there is nothing wrong with it.
 
I don't see the need for this ,to me all cryptocurrency are good as far as they have potential but any cryptocurrency that is created by the government are always the best because this will actually attract a lot of potential investors which will definitely make is the best form of investment.
 
It’s a good idea but I won’t really trust the government of my country if they come up with an idea like that
 
Fozzy_boy said:
It’s a good idea but I won’t really trust the government of my country if they come up with an idea like that
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well you have a very good point because the government of some African country can be so annoying when it comes to how they will act to some cryptocurrency because they may wake up one day and decided to close down or shut down the cryptocurrency.
 
The beauty of cryptocurrency is that it is highly decentralized and of course a lot of people will not accept it in the sense that everyone don't need the government in order to start to be ready.
 
Well to some levels it depends on the country and the system of government they are practicing, because if it's government that is controlling the cryptocurrency anything can happen and they won't refund back your money,in this case I said no.
 
I think this is the safest option if you want to invest in crypto currency. The price will no fluctuate too much and everything about it will be completely legal
 
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