I think this will only cause concern for traders in countries with a large taxation of profits from the crypto market. In my country, the government has not proposed laws that ban Crypto or impose high taxes on trading in the Crypto market. So I don't have to worry too much and can trade normally even while I'm being watched.

But nevertheless, we should not evade taxes or try to bypass the government, we are always monitored and only the observance of the rule will keep us safe.

Privacy and anonymity are most fundamental and important things for bitcoiners. In non custodial wallets, you have control on your address and transactions. Use the change addresses for your transactions and if possible try to use VPS (not trial or free accounts) to get as best privacy and anonymity as possible.

About tax, in nations that tax is strictly regulated, it is good for future if you pay tax in full from your profits. If you try to hide your huge income from bitcoin exchange, governments might put you into jails anytime.

First if the government is using it to track people, I wouldn’t worry much about that one because you’re only meant to worry if you’re the type that’s doing shady business of some sort, as long as your hands are clean why would the government come knocking at your door lol?

Right from the start, we have all known how Bitcoin works, and we are aware that there is nothing like being fully anonymous, we have seen lots of people that committed one crime or the other and they were all caught after it, you can always be traced, but as long you’re just using it for transactions you will have no problem with anyone.

That's why trezor or ledger are perfect. If the feds come knocking. Put your wallet in a condom (non lubricated, unless that's your thing) swallow or prison pocket. What crypto? The only crypto I know of is the coins that mtgox owes me.

If you were to draw comparison between the banning of gold and Bitcoin, it won't be valid. Physical items are easier to ban due to the fact that enforcement is way easier combined with the fact that all of it's transaction has to be physical. If you were to ban Bitcoin, the effects would be way lesser.

It's no secret that the government is collecting information about its citizens. If your government can be recording your metadata of your phone logs, you can be sure that they'll attempt to track your Bitcoins from the moment it leaves the exchange.

Back when gold was made illegal, people used to own it in their homes or buried underground which was quite easy to find using metal detectors. Welcome to the beauty of Bitcoin, where you can literally write down on a small piece of paper the seed containing billions of dollars.

If BTC becomes illegal, people with a substantial amount of coins in their wallets will just flee the country. I don't think it's very hard to hide a very small piece of paper containing the seed on it, so it's easy to flee with as much money as you like basically. It can't be banned everywhere - there'll always be an alternative.

The govs will only collect more and more information from all of us from now on. Ever since they got the taste of control, they're only pushing for more and more - it's like an addiction of power. And since everyone really believes it's to their own good, it's gonna work. Yeah, the general "Bitcoin is anonymous" mindset should change and Bitcoin should (imo) have a privacy option. At least something in between BTC and XMR, so that at least the basic and most commonly exposed fingerprints are hidden.

Interesting times ahead, but I sincerely doubt BTC will be banned unless it becomes hard for governments to track txs. They probably already know a large part of the population owning Bitcoin and their approximate balances.

Oh, you are the lucky one. In my country there are no strict rules for crypto traders for example, the crypto is not forbidden. But the last news made lots of crypto users to think over, because our government decided to adopt some laws that will bring limitations and taxes to crypto holders and traders. The only not pleasant thing that those rules will not work for everyone in the country, only for ordinary people. So of course it is great to act by laws and live under laws and taxes, but only in case those rules are for everyone and in case those rules are made from the point of view of common sense. Anyway the Ron Paul's words have a deep sense, but to hide the personal information from such a giant like government will be too complicated.

It is an well envisaged matter! That's the reason why governments around the world has implemented KYC to any legal financial businesses. The aim is to identify the people if needed! So it's no wonder that government has the ability to track you under any circumstances!

So I believe what Ron is saying is correct! The government may not ban it outright but there are possibilities that government will track any out of the box transactions through a legal crypto exchange!

Regulations are inevitable it's going to be here. It's far easy to regulate cryptocurrencies than banning it, besides there is so much money for the government to collect as tax. It's fair to give what belongs to the government but since cryptocurrency doesn't being to the government them it might be hard for a BTC holder to send it to them.
The holders I think won't have a grudge sending tax if they are sending digital fiat.