Bitcoin Forum

There is one big fact about crypto that's above all other facts,bitcoin and altcoins can't be banned physically ;D
Either U.S ban crypto or not it won't hurt at all

Yeah right, they can ban it but it's just applicable to their country or any state that specifically wants to ban it. But other than that, it depends on the nearby countries and states if they would want to follow the ban that they had implemented.

The community isn't scared of bans anymore, they already implemented it to some exchanges like Binance. As a sample, we're just living and getting used to that and they'll get tired of it when they see more people became prosperous and loving crypto's.

But I heard that north america has over 80% of all bitcoin ATM available worldwide,what's gonna happen to them is the ban actually takes place? ;D break them down?Never gonna happen

US can't ban bitcoin and there is nothing they can do about the bitcoin, for anyone to ban bitcoin, they need to ban the internet before they can stop bitcoin operation, which they can't do. 

the truth all government just want to control all kind of cryptocurrency
but the fact, the governments can't doing that buddy,, so they want to ban cryptcurrency because they can't controll it
i agree with government must shut down the internet if they want to kill cryptocurrency
regards

One more Trump scare. You can bet that before he twitted, he asked his staff to sell! Everything Trump say is linked to his investments.
Then he will ask his team to buy and post something like "US must stay the leader in Cryptocurrencies blah blah bla", then crypto will go up and Trump will be more rich.

You cannot stop people doing Crypto. American will bypass the government ban like Chinese are doing too, using VPN. But guess who is buying crypto? Trump and his friends.

And in fact more countries now support crypto. That means there is no need to worry about that, even though the US forbids crypto. At least we can still develop with technology and blockchain and over time, of course, each country does not want to miss every moment.

One country is missing their brain about crypto: France! They tax 60% on crypto benefits... France world champion about taxes!

The citizens of a country or state can ban crypto. It can't be ban worldwild, the law can be upheld only in such state territory. Hence bitcoin can be banned though out the world.

This is true and it would hunt the governments every time they think of banning crypto. An outright ban would be beneficial for adoption and advertisement of crypto. Though they may make it difficult to cashout crypto in fiat but if people started accepting crypto for goods and services, there's nothing they can do.

But you have to remember that altcoins like ETH has one central figure that is Vitalik Buterin.

And similar to what US government is doing to Libra, requiring the top honchos for a congressional hearing, I wouldn't be surprised if one day we will hear someone like the stature of Vitalik being 'force' by other government body to appear and be question as well.

The US can control the exchanges on the US, also they will probably ask for proof of transactions if you want to cash out. And if you bought a token/coin that's against US regulations being a US citizen you could probably have problems too.

Thing is a big part of crypto is trading, and going from fiat to crypto and crypto to fiat, and they can definitely control that.

A government is always conservative and it wouldn't want to change the way it runs. This has been seen in the history.
A mass moment is what needs to make government fall in line with the demand of time. The government needs some pressure to make a change, not necessarily a protest. Facebook's announcement of Libra is an effective start of the mass moment.

how can you have such an option, do you have proof or links that can be justified? I am asking this because all that is in this forum is not misunderstood in responding to this. it is good news given along with a link that shows the news.

I don't think so, if big countries will ban crypto, the rest will follow.
And, even if we can still transact using crypto but the ecosystem will not grow, or has no more potential, people will be afraid to use it as they will be breaking the law and they will face the consequences. We need to be realistic here, we need their approval for crypto to grow and it can serve its purpose.

Very true,there is nothing government can do to ruin crypto,whether they like it or not people will still keep using crypto for means of payment,its only a matter of time now I'm sure government will join crypto space 100%

Crypto haven't a physical form so banning it would be irrelevant literally.Have you seen on how China do ban crypto? They made impact but didnt able to completely shut down
the market.

If US ban crypto then so be it but citizens who are crypto/bitcoin lovers will surely find a way and getting rid of such transactions cant really be stop as long theres internet there would be always a passage.

I wonder if they can still withdraw their funds by going to under countries and going back to their country without getting questoined by their government. But still, they are very unlucky that something like cryptocurrency gets banned on their country since cryptos are very profitable especially when a coin is volatile.

bitcoin or cryptocurrency has become an important part of the world economy today, I think no country in the world is able to limit crypto, unless the country restricts the internet network, and if they limit the internet network then the country will experience setbacks, because we know that 70% of jobs in the world today, use internet networks.

Not 100% true but you have a point there mate. What I'm trying to say is that accepting cryptocurrency and banning cryptocurrency in U.S. is a great factor. If U.S. accepts cryptocurrency then the people of U.S might get interested in cryptocurrency and brings massive adoption on their side while if U.S. bans cryptocurrency then thats a bad impact on U.S people, massive adoption will be very slow if they ban cryptocurrency.

They will always try to search another way to use crypto, remember a few years ago china has announced the ban for crypto and then majority of miners and users of crypto from china has already found a way to use crypto again, the code can't be prevented.

no country can control altcoin. Many countries do not accept the use of altcoin as a means of payment. This creates market instability. But these currencies make money laundering and terrorism operations more powerful.

This is true, given the law-abiding majority of citizens of this country, as well as the fact that the main negative actions from the government of this country can negatively affect the market. They can temporarily cause to fall the crypto market, as there are many BTC and altcoin holders.

Blockchains such as BTC cannot be banned. The United States can only prohibit participation in BTC transactions, but not blockchains. Of course, now many countries begin to recognize the blockchain technology, I think, with the development of technology, the future blockchain will be used legally.

of course bitcoin and altcoin is a cryptocurrency and few people said this is a great digital currency and no body can touch it physically mate
thats why, a government can't ban all kind of cryptocurency my friend

The government only have one way in order to ban all the form of cryptocurrencies on their country i.e they have to shootdown an internet network in their country. I'll bet with 100% bitcoin and altcoin will dead and never use again by its user.

If they only make a decision to ban it and only said cryptocurrencies are not allowed it won't give anything to the future of them. Only give a slight effect such as decreasing price for a while and after that its price will up again.

I guess government still need a more learning to understand cryptocurrencies and how it is work even its functiom to help their economic problem. Yeah, I feel cryptocurrencies can help economic problem for the country who have a lot of unemployment. They can using it for trading and investing place, as we may know those ways can give a profit for its user.

its reality You cannot stop people doing Crypto. American will bypass the government ban like Chinese are doing too, using VPN. But guess who is buying crypto? Trump and his friends.

The Fact bout crypto is that people will not stop patronizing it whatever other said or even many people spread FUD,still more people will invest in crypto. The fact that we are in a new generation where there are cryptocurrency exist for the seek of the people and our economic problem.

Of course, unless people stop mining, The bitcoin blockchain will always be there
While Alts is depends on the algorithm

Thus, yeah, it is hard to really ban off crypto imo because it is P2P
As long as internet is there, it will be unavoidable tho

Yeah, Crypto will continue to grow and grow, despite restrictions. And it will not hinder real, because it does not have a physical form that is real or can be seen. And that's a fact that exists for now and in the future, except that there is no internet or computer. No problem mate. Thank you.

You are right, anything done to ban cryptocurrency will be useless because users themselves have many ways to do this. It's just that if you think about the banning that is more focused on crypto users it will definitely be difficult, especially the impact of banning a country can result in bad news and the value drops.

The fact about cryptocurrency is that cryptocurrency will forever grow and increase from this time to the next. People will never stop participating in cryptocurrency because they know what crypto offers them.

Yes, that's one thing that we are sure right now. More countries are getting into crypto and there's nothing to worry about. There will be countries that would definitely go against it but it doesn't mean that everyone of them will do the same.

And you know what's next? we almost don't care about that thing anymore about China.

Your points are true but crypto ban in some countries bring down the market, so that's also a negative impact.  Crypto ban can only cause FUD and price dump but doesn't stop crypto. Even some countries which place so many restrictions on crypto, it doesn't mean the citizens there are not holding crypto.

yes it is fact that crypto will existing no matter! But it could cost very low price, because market will be banning. How you think - it is not the same as BAN crypto??

it is not the same. the price may be even one dollar per bitcoin, but it will only be a question of time when the price returns to 20 thousand, but only if bitcoin will developing technologically

I think cryptocurrency will continue to grow and grow and its not going to die anytime soon so let's have the confidence in the decisions we make in cryptocurrency and never lose hope despite restrictions.

If more and more government authorities place ban on crypto, it makes mainstream adoption more difficult to be achieved. Nevertheless, the ban of crypto by government doesn't necessarily mean citizens in that country don't make use of crypto, it's never possible.  The ban can only cause a dip in the market, which will still rebound with time since crypto is highly volatile.

you might have gotten the fact wrong here because USA banning crypto is bad for the market, you might thing its just one country but alot of other countries look up to them for certain decisions. the fact is crypto will do better is its universally accepted

Code can't be banned, china, US, india have already tried that and they are all getting failed to ban the code. with the existing of the internet and crypto will be living forever. The decentralized makes it even stronger because the protocol already spread around the world. Ban crypto is only a dream

Not funny at all. Something that cannot be physically challenged will also have an effect on our physical being as humans. Indeed crypto is a digital technology that we cannot touch, even though it is not because it is only a number, digit, and codes. However, the prohibition on cryptos can make a person suffer, especially for those who live in a country that does not allow crypto, of course, they will feel more difficult. So it's not a physical or other problem, but an essential problem and its value.

Physically yes, but if the country makes a strong regulation to banned cryptocurrency we’re going to be dead especially if your own government did that. If you make action against that rulings for sure you’ll be in jail. We can’t be happy about this one, we should be more hopeful for the support of every country.

I was not even worried because the Government banned crypto, this had happened to China but the fact is that crypto is still growing and some countries are actually legalizing it. Don't spread fear because we grow bigger.

Recently, you can see that the ban of cryptocurrency is less than the last year. The big company like Facebook has released their crypto and the wave of investment is growing at the recent time. But now the price of BTC was drop-off below $10,000 and ETH is the same situation.

Indeed, bitcoin cannot be banned, but altcoin can be turned off by the government because most tokens on the market are token utilities. Especially bitcoin or altcoin which are decentralized, it is difficult for the government to ban them because there is no special category to ban them. Bitcoin can be called a commodity, it can also be called a digital asset

You just cannot do that. How come you finish or put an end of a coin that has been in the wallets of millions of people around the world. People still demand for it because they see future utility and profit in the respective coins. DO not forget about the market value of ETH back in 2017. We have seen Altcoins scaling heights in a short span of time in the crypto market.

The beauty about it is that there cannot be a unified world ban on crypto. Peradventure it is attempted, there are certain countries that will not assent to it, because they are not all in good terms. All most of them might not have cogent reason for wanting to engage in such act, that will make meaning to them all.

Government always want to be in control of everything well I guess this is the first technology that let them down,even if regulation takes place privacy coins will stand out that's why they hate privacy coins the most ;D

actually they can be banned and they have been banned in 2 or 3 countries already. usually third world countries such as Bangladesh but still it has happened.
what can not happen ever is to prevent people around the world from using cryptocurrencies that are decentralized. and that last part is important because if a cryptocurrency is centralized they can easily ban and shut it down like what they are trying to do to Libra.

is it appropriate for the person doing crypto trading to be a criminal or suspect by the government?
isn't this pure our awareness, and we ourselves will accept the risks when investing.

It is clear, that no government can eliminate any crypto currency, but they can make them illegal and this would harm crypto currencies in this country. People are not likely to use illegal things, you should also take into consideration that we want to reach the mass adoption.

The fact that the government won't be able to kill cryptocurrencies, but can make it very difficult to use them if they want to.

Electronic money will never die for many reasons.  First, electronic money is developed based on Blockchain network, representing user trust, a truly democratic and transparent network.  Secondly, the Crypto or blockchain network exists on the internet and certainly the global internet is never destroyed forever.  Crypto brings great profits and is met by new people.

yes, the government can't kill the cryptocurrency, if this community still alive and the internet connections still active buddy
just stay calm and ignore all bad news, its time to collect more bitcoin

Crypto ban will hurt you, trust me :) If the big guys will come to your home and blame you like a counterfeiter - you won't be so brave and sure hehe :)

In some countries the Telegram messenger is prohibited, but this does not prevent people from using it. The same is true in the crypto - even if it is forbidden, people still find ways to circumvent this decision.

some forbid, but in the future I think there will be regulations that make everyone take into account the development and important role of crypto. we will see it later, in the future when everyone starts to realize.

Of course there is nothing to do at all if we trade cryptocurrency can be accused of being a criminal act that can harm the government.


most governments cannot guarantee security if we invest in crypto, of course the investment that we make towards cryptocurrency, must be accountable by each user because before deciding to invest in it we are fully aware of the risks that will be faced

Crypto trading is not part of criminal activity and some shady organizations want to blame the anonymity of the crypto transactions just for hiding their dirty games.  Investing requires serious hard work and it is not for everyone. Ordinary people always run against the flow and they take whatever they get offered. Simple plans don't work in this industry anymore.

Well, as long as there is the Internet and at least a few computers on the network, then a digital currency may exist. But if the Internet does not exist, then probably there will be no sense in electronic digital assets either.

Yeah.
Since I have never been into any other country I just have imaginations of what is happening to them when bitcoin is banned.
Are they fixing their IP's or something like banning the bitcoin word?  ;D
Just have the thoughts but dont really know the experience.

It is the internet era. Bitcoin is in the internet. So I could just use VPN's to make it look like I am in another country. With that I could transact again. The problem will be withdrawals if the police are investigating any business that provides conversion with bitcoin to their own currency.

It seems to me that the logical outcome of the development of blockchain technologies is the emergence of centralized state coins, all the resulting advantages and disadvantages. This is my vision of what will happen))

 
No it is not like this now a day people are liking crypto currency because they got to know that investing their money in crypto will make the country's economy even better so I think governments should Allow their people to invest and use crypto. The fact is crypto currency has an ability to change the life of an investor.

Crypto cannot be banned physically and if the government of a country were to suddenly ban Cryptocurrencies, it wouldn't affect the people that are already holding Cryptocurrencies before the ban but it will affect newbies who want to acquire it because there would be no legal way to purchase crypto with fiat.

Absolutely no country will be able to completely ban cryptocurrency. They just do there's nothing you can do about it

We are aware of that even if some countries are now banning Cryptocurrency, they can't stop their people from participating in the crypto revolution, from trading buying and joining bounty campaign, they can restrict IP, but we all know there is a VPN to rely on.

I think, actually the government will regulate the cryptocurrency market because the government will definitely take advantage by taxing cryptocurrency transactions. In some countries, cryptocurrency is like a commodity and everyone is free to trade or make it as investment as long doing KYC at a local exchanger

No one can touch bitcoin or any crypto coins because they don't exist physically and whether government like it or not sooner or later they will have no choice but to accept the technology, its time that people will do the talking not the government cos government can't decide for people

I don't think America is the only country that prohibits cryptoqurency but there are still some other countries that forbid this, but not my country. in my country it does not prohibit the existence of cryptoqurrency but the government recommends caution regarding crypto because investing with crypto is a big risk. that's the way it is

If US government bans cryptocurrency,  that will affect only the U.S. citizens or any other country under them.  But it will actually be bad if more countries ban cryptocurrency than to accept them

American law can reach the entire world if the company conducts business relations with companies or individuals from America. There used to be a project that was required to repurchase because it was sued by an American investor. Therefore, many projects prohibit American individuals from joining campaigns or token sales

Don't think so, if US makes such move as to ban cryptocurrency, it could prompt a lot of country to start banning it as well. So to me if only what it takes is regulation,  then that's great and let's stop speculating about banning

If we talk about banning crypto on the behalf of countries with financial power like U.S.A, U.K., France, China, Japan, South Korea and not only, the question remains is what do you do with all those tokens when nobody accepts them as payment method?

The usage and awareness about cryptocurrencies, especially bitcoin and ethereum, have already gone mainstream that it is hard for it to be controlled. So, it will be indeed very hard for regulators to ban them. Maybe its development maybe slowed down but it is here to stay for a long time.

not everyone knows and understands the use of crypto. even today crypto has not given their role as payment virtual money. maybe some have used it but as from crypto itself and the development of crypto as digital money has not been maximized.

Bitcoin ban is only possible by turning off the Internet. You wouldn't know how much it would be worth in the future but bitcoin will always be there.

The reason why they are banning crypto is that its transaction can't be detected (They are anonymous). And people often use it as buying and selling drugs, terrorism and many more.
But the reality is not like that. Crypto can be used to lower fees sending money to other countries as it has low fees rather than using a local bank.

I like the way you talk.  I think that's what it was)). trump knows how and what the market reacts to. in fact, they are not manipulating the market, but us.

IDEX has just recently announced that they would be enforcing KYC to all participants, while it is true that regulations cannot physically restrict Cryptocurrencies from existing, you have to consider that Cryptocurrencies are as good as dead when people are not allowed to trade it in any exchange.