Which government? China already banned the trading. Japan legalized bitcoin, so Japan is a no on the ban. US has approved all the futures trading on bitcoin, CME, CBOE, Nasdaq, etc. You think US going to ban bitcoin? How why did the CME and all these exchanges opened shop on the bitcoin futures which took resources and time for them to go through the process? Also, you're going to live on fears of what's going to happen, what if NK escalates? We need to worry about that, too? or crossing the street and getting hit? or getting cancer? YOLO man.
You understand what I stated, but you are intentionally are ignoring my point. I stated that bitcoin can go higher over the next month or several months. That logically does not imply that bitcoin can't fall several months from now or beyond that point. You're attempting to conflate the two time frames by saying, "Well, you don't want to short it in the short-term because you admit it can go a lot higher. Therefore, you believe that it will never crash." I was not aware that there were options on bitcoin, at least not through the CME. If there were, buying a put spread going out at least a year might make sense.
Bitcoin has always been volatile since it was in the single digits, so anyone wanting to trade it long or short will have to be prepared to buckle up. Crash is relative in the cryptos world, I have one altcoin position that was down 70% a few days ago and now only down 45%. Hundreds of percent returns is what the goal is on a crypto trade but a total loss is also not out of mind. Here's the link to the bitcoin options. Good luck. http://data.ledgerx.com/
"It'll be no different with gold. Someday you'll see those gold coins, jewelry and bars in the same way you now look at a set of bound encyclopedias, a Beanie Baby, or a BlackBerry: something you once would have paid a lot to own, but that's now an obsolete anachronism, valuable only for its attractiveness and nostalgia value. In other words, not very valuable at all." "This won't happen overnight, of course. Habit and tradition take time to die out. Gold's value is based on faith –- like the faith you have in the U.S. dollar -- and there are many vested interests who want gold to retain its value the way it has for thousands of years." No kidding!!!! https://www.aol.com/amp/on/why-gold-will-eventually-be-almost-worthless/
The question I asked concerned the future , I didn't say that they had banned cc's but that they might if they proved usefull for tax evasion etc , I don't know if they will , but it seems possible. As to your second statement , what is trading if it isn't about predicting the future, so if there are huge vulnerabilities in a currency, I can't see taking them into account would be a bad thing, I question both your logic and emotional stability.
See below of your recent posts and try to see if there's a pattern. It appears you're not just worried about the US government as you use the plural form in 2 of the posts. Do you think anyone here knows the answer to what the governments will do regarding cryptocurrencies? My opinion as far as the USG is concerned is "no" as the bitcoin futures has established a regulated markets. Still, I cannot predict the future and no one on this site can. "Is it not possible governments could ban ,make illegal use of cc's?" "That it could be used for tax evasion and money laundering could end up being it's downfall , rather than supporting it's price." "Governments may not allow establishment of cc's , beyond perhaps allowing blockchain to back their own. So far it hasn't been much of a threat but..."
By their very nature trades are predictions, they may not be right , but they are predictions. As regards the actions of governments , people do ascertain the probabilities of their actions and trade accordingly , instead of your assertion that governments are completely unpredictable , I quote "Do you think anyone here knows the answer to what the governments will do regarding cryptocurrencies?" I repeat they may not be certain as to what Governments may do , but they often come to some sort of position on the probability of certain government actions, and make decisions accordingly. This is especially true for fundamental currency traders.
Could be. On the other hand, most cryptos are equities in disguise. If the company they represent does well, so will the coin.