Bitcoin Forum

IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and  Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.

if bitcoin were banned everywhere, why would demand increase? demand from who?

i mean sure, black markets could still exist, but prohibition greatly cuts markets down in size. all institutional investment would cease, mainstream retail investors would jump ship. its utility would be greatly reduced because cheap, legal fiat gateways would be gone and only expensive, black market exchangers would exist. miners couldn't operate in the open, reducing the value of the network's security as hash rate drops.

i don't think bitcoin would die but a million bucks? sounds like crazy talk to me. :)

If all countries ban bitcoin, then I also agree with you that it's value increases too much and then it can be used for bad works only like for killing people, drugs and etc. The citizen of the country stop investing in Bitcoin because of its ban they think that their money may go waste and the police may arrest them also.

I also think that if bitcoin is banned in all countries, I am sure that global economy will not work because I see many large companies are now adopting blockchain for the future if bitcoin is banned. What will happen to us?

Bitcoin will continue to grow even though many speculations forbid it because of the growing interest in bitcoin.

I'm not sure how that'll work. If all countries banned it, your BTC wallets would become worth $0 from a legal pov as you wouldn't be able to use any of it legally anymore. That also means nobody else can be able to use BTC in a legal manner, and that means every transaction you make through BTC turns into a big legal risk for you.

No legal BTC = no ways of spending it except black markets. So even with a $1M BTC price it would still be worthless.

But now let's talk about price. $1M, you say? How would the price be driven so high if nobody could use it? In case of a global BTC block, everybody's interest would turn from investing&holding into selling, which as far as I know sends the BTC price into negative changes. If there's no use case except black markets, then we don't have any reason to soar the prices so much as there wouldn't be any legal interest in it.

The "BTC Death" probably isn't used with the meaning of a REAL death at all by many. Instead, it's being used as a term to talk about its usability. If it becomes illegal, there is no use case so it's "dying", as only criminals would continue to use it.

I know you're trying to prove a point here, but I have a question: how would a Bitcoin worldwide ban be an advantage to those holding it and, if somebody comes up to you and tells you Bitcoin will die one day, how will you be able to prove him wrong using this argument?

If you had 0 belief in something and I told you it'd never die because "even if it's illegal, criminals would still use it" I'm sure you wouldn't change your mind positively and be convinced of my words.

If a few countries ban BTCitcoin then what you say is true as companies will be running P2P model to make the transaction possible but if all the countries decide one day to ban BTCitcoin then you risk going to jail for trading which majority of the people will not risk and BTCitcoin is not meant to do illegal activities and hence the risk are higher and your idea about the demand getting higher after that is a dream, these are hypothetical situations but then no one will risk going to jail and that is the fact.

Bitcoin has secured its place, if something happens out of prediction or countries impose ban over bitcoin there will be lack of demand. This will cause the drop in the value of bitcoin. Moreover we can't expect the entire set of countries to ban bitcoin at a time. As it is P2P, even if banned it is really usable.

I don't believe that Bitcoin could get a global ban, there will surely be some countries that won't ban it, but support it and probably will influence other to convert to bitcoin-friendly country when they will see the efficiency of Bitcoin. However it is very unlikely that a ban will be implemented at scale as the infrastructure for institutional trading is already being built and the big boys that are accumulating have some influence in the financial world, no doubt about that.

I also agree that million bucks sounds really crazy,
If it would be banned from all over the world and only the black market is using it then what made you so sure that the price would jump?
The demand? because I am sure that the demand would drop down since only few would dare to be involve in it.
And it would be really hard to turn it into Fiat,
It would only serve as a currency for black market and only those buyer would make the demand.

This.
Bitcoin will get benefits from a world crisis or something like that, which would make it more valuable and even governments would see its valor.

Countries banning it is exactly the opposite, and would not benefit bitcoin at alll.

It definitely wouldn't benefit it. It wouldn't kill it off either.

In most countries a 'ban' would involve what China has done - forbidding banks from serving exchanges or known crypto transactions. P2P would continue to thrive. I guess the only issue would be how you'd decide the price. I guess it would also massively accelerate properly decentralised exchanges which would solve that one.

Bitcoin is a deflationary currency, not a delusionary one, and with your given scenario, people would certainly not risk it, or at least most of them won’t and the markets you can only spend it with are probably the ones that are not legal and are prone to hacks, thefts, criminalities etc. Also, all governments banning bitcoin per se is already an impossible thing to happen, so why dig deeper in the rabbit hole and make things even dumber?

Demand would go down, because now it's risky to deal with it and there's less places to spend. What are you referring to as "less legal sellers" is reduced supply, but that's probably not the case, coins won't disappear, they will be dumped to people who will try selling them on darknets. For sellers to sell BTC and 50x price, there need to be buyers who would agree to buy at that price, so why would they do so? Drugs and other illegal goods are overpriced because their supply is lowered, but Bitcoin's supply will still be the same.

All of this is a moot point, because there is no way bitcoin can or even would be banned globally.  Laws could be passed, yes, but not by all countries and not all at once.  It isn't as if bitcoin is heroin.

I can't believe all of these gloomy threads about bitcoin these days, all probably because it dropped from $10,000 to $8000.  Blows my mind how this kind of psychology works.  I can guarantee you if bitcoin started a significant move upward tomorrow, the entire mood would change and everyone would be predicting a moon shot. 

I don't understand why you didn't reply in the other thread, but no, not necessarily.

You see people here saying demand will go down which pushes the price down, and added difficulty in getting them would drive the price up, so you could even say it cancels each other.

1M$ is out of the question, unless the USD collapses, maybe from the recurring bubbles produced by the school of Chicago dogma in economy, or people simply figuring out what fractional reserve banking is.

Wow, cool, so we will all be criminals pursued by governments. Let's become pirates and live in the Atlantic Ocean with McAfee.  :o

I'm not sure if this would be a desirable scenario...   :-\

I think it's worth being conscious of how fragile the whole thing is. You don't need a 'ban' to put a major lid on things. All a government would have to do is make a handful of dirty phone calls to banks and that's it for several years.

Silvergate Bank serves Kraken, Coinbase, Bittrex, Circle, Bitstamp and Paxos in the US. They won't have many or any alternate options even if the 'ban' is totally informal. Same goes in most other countries. Most of them have burnt their way through all the local places and have wound up with a tiny number of banks willing to take a chance.

It's disappointing that it's still banks that are the choke point at this stage but that's the truth.

The explanation that follows OP are absurd and surprised on some supporting opinions. I beleive  the influence of SEC in recent months contribute to the markets struggle. Imagine the consequence of the whole world of all countries in the space. The sentiment will change among traders dump could start.

That would be nice, if all 200 countries banned it.

We wouldn't be able to pay $1M for Bitcoin though, I suspect. And then forget even p2p because all my bank accounts and all those of other buyers and sellers would all be watched.

Then what would I ask for BTC? Gold?

It's impossible. The whole world can't even agree on what is pedophilia. Muslims are screwing 10 year old girls and it's not pedophilia, but when an 18 year old boy has sex with a 15 year old girl in the USA he can land in jail and have a criminal record. In one country you can smoke weed in another one you cannot. In one country you can drink at 18 and in another at 21.

Do you believe all countries would agree to ban Bitcoin together?

It would be if they do not know that Bitcoin transaction can be traced.  If Bitcoin is banned globally, there is nothing for it to go, it will literally decline in demand because of the fear of being traced.  Black market users are far more intelligent than what you thought OP, they would rather use coins like monero and other privacy cryptocurrency to do their bidding than being compromised by a pseudo anon coin like Bitcoin.

OP, what you posted clearly shows that you know nothing about economics that's demand and supply.

If Bitcoin was banned. It would mean there would be very few people willing to use it for transaction and therefore the price would instantly plummet. To make matters worse, the circulating supply of bitcoin is much higher than it was in 2013 0r 2012 and yet back then, Bitcoin's price was still very low.

Imagine if very few people started using it again now with this bigger circulating supply.

I could understand criticism of OP but this idea in a messy way would match previous bans by China of Bitcoin activity where it actually marked a higher price (and other countries also).   I think what happens is the ban is likely occurring because of actual progress by BTC in markets where it is making other monetary means no longer as competitive.   Instead of speculation the ban is quite ironic in showing BTC is a genuine force ongoing that some believe is a threat to their money printing or whatever policy BTC is helping to navigate.
   Its kinda typical of markets that what we think might be a positive or a negative is not the absolute certainty we thought, at least in price terms the arrival of news that should be positive can mark the highest price.

The obvious example being Bakkt recently, its a positive but we got the event; however price then fell some.   No need to live directly off the price at that moment but its quite ironic the positive event arrives with price often then declining, funny in a twisted way.   Buy the rumor sell the news I think is the common phrase and it is more complicated then just a quick phrase but often with so much speculation its very slippery to judge.

I remembered some posts in the pasts where bitcoin can't be really banned but the OP stated that if the "whole world" banned it so I think there will be no demand here. No investors, that means no price. No price means no demand, and even if this will be sold in the black market, what for? It has no value and since no one will be using bitcoin, that would just be as a collection.

Lol. I think the results of worldwide van for Bitcoin will make Bitcoin worthless. No sellers or buyers will be tempt to use Bitcoin. How will it pump like that? Also Bitcoin first used was on black market. Does the price surges like what you predicted? The price back then was only a buck for 1 Bitcoin. This is nonsense. Even only black market use Bitcoin there's only few of them will use Bitcoin. You know why? Because if the government banned Bitcoin, there's no way you can liquidate Bitcoin.

I understand the point you are trying to arrive at but the way you are placing it tend to be misleading somewhat.
Bitcoin is not like any commodity that when scares will come with high price.
When countries ban Bitcoin, many people would not want to own it as it will be termed illegal.
The reason why Bitcoin reached 20k on 2017 was because of high adoption. Therefore, adoption of Bitcoin brings increase in price.

If Bitcoin gets banned worldwide who is gonna use it anymore ? Yea , some of us will still use it in hope that one day the ban will be uplifted but the only ones who will prosper from this are the dark web users, you want that to happen ? I personally want Bitcoin to become a world wide currency not to be banned and declare illegal , this was not Nakamoto's idea when he created Bitcoin. Besides this , banning Bitcoin would create a small demand on it and all of us will loose all the money ...so I think you understood wrong the idea or Bitcoin and Blockchain money.

Bitcoin now is not yet banned on most big countries and yes the demand is big but it is declining no more new investors are coming in. Come to think of it when all country are banning bitcoin who do you think will go and buy bitcoin from underground /black market? Surely there are alot of people living from that but for sure the population of bitcoin interested people on that market is just very few. If there are no audience interested to bitcoin because of it being illegal demand depletion will be expected and bitcoins price will surely fall off

I don't understand how can the demand for bitcoin increase if it is banned all over the world. So do you assume that people who can't use bitcoin anymore will sell their btc and contrarian investors will buy it at very cheap price then hold it? May be it could happen. But government continues to try to reduce the level of sales on the black market. For example, indonesian government finally launched the international mobile equipment identity rule to eradicate illegal cellsphone or black market. Bitcoin will survive no matter what but it would be better if the whole world accept bitcoin.

If all countries will do it, I think it's a restart for bitcoin. Same as the old days, nobody knows it but few use it. The demand isn't going to be massive but at least there will still be some trades happening in some other places.

But this won't help reach that price.

This is very impossible, if in case the whole world will banned bitcoin then the demand will surely goes down and it's price will crash heavily.

If the users will be the black market only then it cannot raise its price as what you have said like 50x or more to its current price as no one will dare to trade with as they have limited options in cashing it out as it is already illegal.

Their is 90% chance that bitcoin will die if the whole world will banned it and you will be punished if you will still use it.

It would not be totally useless, since people can start trading in secret.  Even if Bitcoin is banned worldwide, I believe crypto enthusiast will pursue in using it just for the sake of loving the technology or the psudo anonymity gained by using BTC.  There will be a decline of users but they will never become zero.  Just like how illegal drugs is banned worldwide and yet it is being used and abused everywhere in the world.

I think the OP is ridiculous because when all countries prohibit the use of bitcoin then who will buy bitcoin and where does bitcoin come from? do you still not understand how bitcoin has a sale price ?? I hope you can learn many things from this forum, including learning what bitcoin prices are affected by.

The opinion in the OP does not make complete sense or the statement is not coherent. In economics, when demand goes up, supply would definitely be in shortage in the long run. But in this scenario, should bitcoin be banned in a number of countries many people would definitely not be interested in holding so the price would consequently dump.

I don't understand the logic ban and it will reach $1 million, who are going to use it when it is ban the black market? they are already using it and trading it, it will in fact over supply the market, it's all about supply and demand, if there is no demand there will be no supply and the supply will sell it to the cheapest possible price until it become useless.
This is one of the dumbest thread I've read we are all for adoption and you want it ban by all countries.

I think this is unrealistic, if all countries ban BTC then owning it is illegal, and no one wants to own it an illegal asset. Nobody wants to own so where will the money flow from into the market to push BTC prices up? Do you think the demand from the black market will be enough to drag the price of BTC when its price collapses? BTC at the black market, finally have to exchange to fiat money for practical use, If unable to exchange to Fiat, hold BTC for what?

It may be. But it would be hard to cashout or use it. All countries banning and taking a strict stance against bitcoin would probably kill it.
But there would always be some countries that would trap the opportunity while others fail. Crypto is the future and denial wont stop it.
Crypto is also a way to attract investment in a developing country as the fiat has too much formality to move.

I think your using the mindset of 'there will always be a market for everything, even if it's banned'.

There's no doubt that they'll be a black market that will be established, and a lot of people (but mostly criminals then), will use the currency.

Keep in mind, the best way for Bitcoin to grow in adoption would be if more companies and countries accepted it, and if it was banned, that would be impossible and I don't think we'll see price increases - more so the opposite.

Even if not all, but most states prohibit the use of bitcoin on their territory, the demand for it will not increase, but, on the contrary, will fall sharply, since there will be no prospects for its legal use. He will stop bargaining on exchanges, disappear from exchangers. Also, the situation will largely depend on how states relate to another cryptocurrency.
In general, for the time being I am not inclined to speculate on this topic, since so far there is no reason to fear the development of such a scenario of events. So far, states do not see any danger to the stability of the global financial system and are not going to take any measures to limit its circulation.

if the whole country bans bitcoin, it is very sad for bitcoin holders and very detrimental to investors who invest with bitcoin and of course many people are punished for those who mine bitcoin. I am not too sure about all these statements because we know that in some countries that prohibit bitcoin there must be some other countries who also want to adopt bitcoin to advance the technology market. I hope this doesn't really happen.

If all countries would ban bitcoin, then it'll be hard for everyone to hold and trade with bitcoin. Its value might increase but only few will be able to hold bitcoin. What's the point of holding bitcoin if it's now illegal? It depends if you're willing to do illegal things.
More possible to happen when they ban bitcoin, its value with decrease since a lot of people would stop using it. It's a crisis for bitcoin.

If the whole world will ban bitcoin then how are we suppose to buy or even sell it. It will be useless if it is not convertible to physical currency. It will not increase the demand if no one will be able to use it. And there are circumstances if anyone will use it even if the government will ban it.

If bitcoin was banned worldwide it would lose its price. And its price will never rise again because no one will use it.


You can no longer use it as payment on transactions, nor will it be available to hold because no potential investor will have the interest to buy it. So let's not think of any other reason as this is the truth, Everything in this world will not last. And it will be replaced by better technology that will help us in our day-to-day activities.

I don't think that this scenario will work to make Bitcoin become more expensive but i think instead it will going to be worst as the value will going back to zero because no one will trust the future of it anymore not even you. Removing the regulation is the best scenario that Bitcoin will become more expensive again because anyone can buy Bitcoin even the bad people like the Cartel in which they could hide their illegal money thru buying Bitcoin because their is no regulation that need to abide.

Yeah... keep dreaming. The moment a ban is imposed, 90% of the holders will be running to dump their holdings. I still remember what happened when there were rumors of a similar ban in China (2017). The prices crashed by almost 40% in just a few weeks. The reaction will be much worse if any sort of a global ban is implemented. You can expect bloodbath and mayhem in the market. There will be absolute chaos. At the most, some 10% of the users will continue to hold the coins if they are outlawed.

This is altogether a reverse hypothesis. A demand of a commodity wouldn't increase with government banning it. If government bans it the retail investors would lose interest and stop demanding it rather begin to sell it thereby increasing supply. Moreover the black market trading you are talking about is already going on there is nothing you can do to stop it and it might increase if btc is banned but it won't help price increase.

It's just a very immature post, why haven't you think that if there is no legal use then how the demand will increase? I don't think so, for me, if there is a legal status, then it would gain a proper treatment in any community, people have the interest to get this one for making a profit or something else, but when you see that's good is not legal anywhere then why you feel for this good? you need to study first some basic economic, how demand increase and what factors affect this situation, and the right environment for increasing or decreasing the demand, I think without legal support no one can survive for a long time.

I doubt that if hypothetically ban Bitcoin around the world, it will have a big price. Bitcoin came to us from the underground and only after that its price began to grow rapidly. On the contrary, I think that if Bitcoin will not receive the green light to large legal money of institutional investors, then it will not have a promising future and his popularity will decline.

I don’t know if all countries banned bitcoin what actually happen. But in my view maybe it will be very hard to survive bitcoin.because 100℅ of btc user don't use btc for black market. If  5-10℅ or maybe few percentage people use bitcoin for balck market. If bitcoin banned all over the world then bitcoin will lost their members. So i don’t think it will reach 1M$. But I believe that btc is not going to be banned all over the world.         

I found this post very funny. I dont want to disrespect the author but for me i found the post very illogical. If we use common our common sense if bitcoin will be banned across the globe then bitcoin will suffer a tremendous bearish movement. The exchanges will be closed and it will affect all cryptocurrency existing right now.  And so because there are no more bitcoin exchanges it will be hard to determines bitcoins value. Also if we talk about the black market, they would also have a hard time using bitcoin since there are no more exchanges that will enable them to convert it to dollars. So in the end its hopeless and possibly it will bring to the end of bitcoin market.

Do you understand the concept of attraction and demand? if bitcoin is banned all over the world, then who wants to adopt it? to spend it as an alternative to payment who want it. Your idea is not logical in the concept of financial economics. Underground will not be enough for many people, and there will definitely be penalties for violating these regulations.

1M$ is meaningless if bitcoin will be ban in all countries, but bitcoin can be exchange directly for goods and services, no need to convert back to fiat. You can earn bitcoin from labor, no need to earn fiat. Governments don't have control over Bitcoin, they can ban by creating some laws that have to be "adopted" by people. Exchanges can be close, Bisq (a decentralized exchange) can't be closed unless they completely close and ban normal wire transfers. Banning and blocking are two very different concepts. They can "ban" but not "block", some people fail to understand this difference. The only way to block Bitcoin would be to destroy and close the internet itself.

I can only laugh reading the post about bitcoin will be 1M $ if all countries ban it, it is very unlikely to happen. Because it makes no sense
to be banned globally but prices are rising, who wants to buy because it has become illegal. What was happening was not going to there is
another bitcoin demand. But in my opinion the possibility of bitcoin on a global ban is beyond reason, bitcoin brings a lot of good for humanity.
So it is not possible to be banned globally, most banned are only a small part of the country as it is today. If bitcoin brings a lot of bad things
to life, then I'm sure it can be banned globally. The reality is that many people live so it's better after getting to know bitcoin.

Dont you think, the result will be wise-a-versa? The demand for bitcoin will decrease and obviously the price will go down. Bitcoin transactions would get ceased. But the current situation is, crypto usage is increasing. This would create more demand for bitcoin.

Have you take up economy class in your school days or anyone explains how adoption and economy function, Bitcoin is not a drug, countries are banning illegal drugs and this is the reason the price is so high, Bitcoin is a technology, if no one is holding or using it, it will go to zero, and I don't think at this present time they can ban Bitcoin if they want to ban it should be 5  years ago when Bitcoin is just starting out.

If bitcoin being banned then the users will decrease and it will cause big crash and if the investors see the crash is too hard and the banning is everywhere then they will find other investment, so btc is screwed if its being banned in a lot of countries, and there was a proved ,when China banning btc the result suddenly can be seen, it cause huge crash and panic selling

sellers will start selling BTC 50 X more than the current price?? Who will buy in 50x & why someone will buy when bitcoin will ban on every place?

No it wont really be that easy.Talking about global ban.Are you sure that there would be still more people would able to trust up BTC?
Lets say that the entire ban will pertains on how you wont able to cash out btc to fiat would already be a big hindrance for those btc holders.
Yes, there might be still some underground transactions but it wont be enough to raise up that kind of amount of $1m/btc. Even on full adoption globally
its really hard to think or say about these unrealistic numbers.

definitely, the main thing that would happen is that, if demand would not rather increase, investors and current bitcoin hodlers will not afford to sell their coins on a very low price. Even if they Ban BTC, it will still have a huge market value, so people will still going to find ways on how they can accumulate and utilize bitcoin as their currency. Eventually, the effectiveness for government to ban bitcoin isn't really contributed, meaning to say that the'res a huge reason that it will stay not prohibited as government will just waste their time and money monitoring such increase and fundamental market analysis.

There is  no way this will ever happen. Once blockchain technology plays an important role in setting up a peer to peer connection and also in the aspect of data collection (data ledger), there is no possible way that all countries will ban it. Even if it gets banned, demand rate is like drop drastically since majority investors will quickly sell their bitcoins for fiats just to be safe. Moreover, the market value of bitcoin is likely to drop since a lot of people will be in the rush to sell their bitcoin. This will cause an increase in the market supply with a low demand affecting the market price..

I think OP watched too much movies wherein criminals or bad actors is so powerful and rich that even the government can't lay a hand on them. maybe OP imagine that those criminal will build their own mining farms and illegal exchanges to continue bitcoin transtions when its banned globally then those people who wants to use bitcoin for illegal activities will have to buy to this criminals thus increasing the demand and its price, did i get right OP?  ;D ;D ;D ;D

Yes, you're right. Bitcoin will not be able to reach $1M if all country ban it but for now not all countries ban bitcoin and there are now countries that started to recognize bitcoin due to its good qualities that government find it a very big help to boost their economy so I think that's what you've said won't happen for real.

OP thinks that if bitcoin would ever be banned in the whole world, there are still many users are willing to use it.
I don't see any sense from here, if it is banned, there are ways indeed to use crypto, but it will be useless if we won't be able to convert it to fiat.
The demand will just drop if this will happen.

This makes alot of sense.
Me too believe it will crash and begin to recover gradually... Price will then sky rocket later. And demand and supply will begin to determine the price of Bitcoin.
I remember back then as newbie how price of Bitcoin was fairly predictable, with periodic rise and fall. I think it was monthly fluctuation back then. Maybe I came during the good times.

Because technically what would happen is the opposite, bitcoin's demand will decrease, as a result, the hodlers who are still capable to sell it will sell it in a very low price wherein, there's still some that will buy it, those that are still believing that it can go uptrend again. Right now, it seems so impossible because we are now living in a digital era wherein, development is a must, so we will do everything for what the cryptocurrency should be.

Of course yes, bitcoin will not die if all countries prohibit bitcoin. but if you analyze the price and the demand for bitcoin will increase if all countries prohibit bitcoin I do not agree with you because bitcoin is not an object that is easily manipulated with things like this.

in 2012 (3 years after the emergence of bitcoin) only a few countries accepted bitcoin and at that time many countries did not accept and banned bitcoin because those countries thought of some negative things caused by bitcoin. if I look at your statement, why at that time bitcoin did not experience a very drastic increase in demand and the price of bitcoin?
I have a personal answer to this question, which is what I pointed out above, because bitcoin is not an object or item that can be easily manipulated. bitcoin is a result of technology that has developed in its use. but those are just my personal opinions and answers :D

I dont see how this is gonna work. Yeah, a few might benefit if such a situation should occur but hows this gonna benefit the majority at large...

Sorry do not offend to my answer about your question ofcourse it's obvious if bitcoin ban in the whole bitcoin are also die I am sure for that, nobody can buy and sell bitcoin because if that scenario come true bitcoin is a useless currency but, I don't believe that is comes happen to the bitcoin as digital crypto currency.

prohibiting the use of bitcoin will only make the price of bitcoin weaker because surely the demand at the exchange site is starting to weaken, it's better that bitcoin is not banned anywhere and can be used for many people from all countries and will make the price of bitcoin increase due to the influence of high demand.

Clearly, OP doesn't know much about of the more adaptation of Bitcoin the more it will become too expensive because of the demand. If all countries going to ban Bitcoin then surely Bitcoin price and value will drop as there are no demands anymore. The only thing that make Bitcoin reach this price is because of the demand of the people.

You are thinking in absolute logic there though and any time we are dealing with people the reverse might be true.   The ban from politics is not a force of god, the USSR banned US dollars and they were used every day regardless because they had utility in society that was useful far beyond the ban and its punishments.
   In some parts of the world they have no actual usable money, people might die for this reason because all thats left is to be a farmer and barter your goods.   Or the obvious choice is to find an alternative such as dollars which can be sanctioned or banned or Bitcoin which is peer to peer and exists on every network.   

The OP might be posting a ridiculous figure but the idea that Bitcoin might be declared illegal is already a normal headline yet it carries on despite opposition and even more we can surmise the creator of Bitcoin was perfectly aware it might face a ban and knew it was vital for it to be operable in a decentralised way.   As is the backbone of internet operations again many protocols are possible and obstruction is not a given, a ban with a higher price is not a contradictory statement.  I may not agree completely but discussion on the idea is fair imo.

It's more on it's positive side when banning is not the actual reason why the value will increase that high, It's logically correct that with more demands
there's also more people who will be holding and investing with this system, with that we are going to witness more value and more price to increase. While with banning an in it's illegal side government can completely crashed all the services inside their jurisdictions if being completely labelled as illegal from their government rules.

Bitcoin has that potential from the start, no need to ban it to increase its demands and price. Cryptocurrency adoption will put bitcoin into that price. We are slowly reaching new ath. If you look back from history about 3 years or more new ath has been reach and we are slowly getting there.

So what you mean the illegal use will increase the value of btc?because if the whole world banned this currency Then Who will be needing this?aside from those who’re hiding their transactions from the government by using cryptocurrency.
Law abiding people will not risk their life by using currency that has been banned and prohibited so the thing is only criminals and bad elements will be using this coin

Do you mean like what happened with drugs after the US government declared a war on drugs? It doesn't work that way and th reason is that bitcoin is a currency and needs places to be spent. If the currency goes to the black market tso weill those who accept it. There will be far fewer places to spend it and you would have to deal with the underground type of people. Drugs work because they are consumable. The only person that needs to use the drugs is yourself. Unlike bitcoin which would rely on a third party drugs can be consumed alone and when they are consumed more are bought. If there is not many places to use bitcoin then there will not be as much bitcoin bought as there would be with drugs.

So basically this only works for things that are consumable.

If we will going to look at some reasons why bitcoin should be banned in most countries, me might just have a headache since bitcoins capability cannot be just set asided. Government will act in a way to take advantage of bitcoin and cryptocurrencies as it is now emerging and unstopabble. Going back to the price, bitcoins market value will be determined by the volume of adoption, and banning crypto will induce negative effects to its market price.

Its not actually that simple.
You can't know that, its possible scenario but increase of value by x50 is pure guessing.
If it would be banned trading would be harder but goverment free store of value is value in itself. It can't be seized, it can't be stolen from you (only on your own fault).
This is biggest achievement of modern times except inventions of Elon Musk like starlink etc :)

maybe you are a bit right with a statement like that, but if it really happens then it also affects us as bitcoin hunters, because we will be very difficult to access the internet into the sale of bitcoin, because maybe the government has blocked it, and many more risks we had if the government of the entire country actually banned bitcoin ..

This is ridiculous. Bitcoin won't increase its price if all country will ban it.

We know very well that the reason for the increase in the price of bitcoin is because of demand, if ever that the whole world will counter the dominance of bitcoin, its demand will drop and it will start to become useless.

The concept of cryptocurrency is not like that, bitcoin is banned all over the world, so demand will go down and supply will remain. You know right now many users are still having trouble making a profit on the bitcoin market. If bitcoin is banned and goes to undergorund, imagine that there is little demand but supply remains, it will actually be a bitcoin collapse.

in fact I would not be so positive on this.
in the case global bitcoin shutdown, bitcoin's traffic could be easily intercepted and as result blocked on the root switches
the only possible way is to develop highly secured traffic...
and also one more point, if bitcoin will be for people who "understand", that means it will become niche product, as result its price will be low

What do you mean ban, you mean totally not trading and using, that's wishful thinking, I don't know if that will be possible, because no single governing body can control individual action, the uses of Bitcoin is a cumulative action of all who believes in Bitcoin, you cannot ask people to stop using for even a single day, and your theory is not back by common sense and sounds theory.

if I think otherwise when all countries reject bitcoin. then the request will be reduced and the offer will certainly increase this will make the value of bitcoin down. and when bitcoin is banned the number of investors will decrease because they are afraid of being caught by the police. maybe bitcoin will be traded on the black market but i think its value will be higher on the free market than on the black market. and trading on the black market there is a risk of being caught.

The trend is that, the price of bitcoin goes up depending on the needs of many people around the world, more people, the price will be higher but when the ban applies to the world, people cannot continue to use it, dumping will happen, instead of providing resources for bitcoin to go up, Bitcoin cannot go up when every user cannot use it. And it is surprising that the price of bitcoin can reach one million dollars, I do not believe that many people are waiting for this record price, most of them think they will sell at prices above $20000 and below $35000.

If bitcoin is already banned worldwide how is it going to be used? For illegal activities? Do you think people would be bad enough to just use bitcoin? No. So your theory is wrong because no one will buy Bitcoin at a expinsive price if they know it will no longer be available in the real world. So the price of bitcoin will drop further.

This sounds baseless and unrealistic as there are so many other altcoins which are ready to take over in case of bitcoin is banned, I believe Ripple will make use of the opportunity as it's already claimed as centralized crypto which is not officially accepted by it's developers. I believe there will be more chaos as some of the most powerful people in the world have invested in bitcoin so they will not let bitcoin to be banned in first place and we cannot expect the values to go high within few months after the ban when we as a community do panic selling for a minute dump.

I understand your point of view, however, the whole picture is very favorable for Bitcoin in terms of acceptance, every day more important companies accept their payments with BTC, therefore, thinking of a massive prohibition scenario is unlikely, as the demand in an accelerated way, then its price will also do it, it is worth remembering that the issuance of Bitcoin is just 21 million.

No. the bitcoin price is growing based on the market demand and without it, the bitcoin price will go down to zero. If countries all over the world ban bitcoin then the demand for bitcoin will be very small since there is a mass ban for bitcoin that will drop the bitcoin price to the lowest level.

I don't think that all the countries will take a risk by banning Bitcoin. If all the countries ban Bitcoin and an economic crisis happens, governments won't have much to do about it. Because I think that cryptos are one of the best options as an alternative.

I guess if whole world bans bitcoin then it will get harder to mine it so transaction fees will skyrocket and make almost impossible to send payment.
What about bitcoin that worths 1$-1$? I mean stablecoin with great anonimity and low transaction fees? Won't it ruin your whole idea behind the prediction of bitcoin's price if every country bans it?
Also if bitcoin crashes hardly in any case, doesn't matter reason, it will be very hard to gain powers back, so it's not something I would ever wish.

I don't agree with that all. It will vanish if all countries refused it. Any thing gets its value from legal trades only.

If something has illegal value without any legal use, it won't exist anymore.

Any criminal have legal needs like food, place, cloth, medecine, education. These services givers are exclusively legal.

What can I do with btc if no one is accepting it legally?

Things don't work exactly in that way. :) What demand are we talking about ? If all countries ban Bitcoin, why does the demand increases according to your logic ? I think the opposite and I think the demand for Bitcoin will start to go down in a situation like that.

If many countries are banned, there could be a great demand through DeepWeb, where anonymity is more guaranteed but requires much more risk. Demand increases when Bitcoins are lost, that is, if there are people who lose their private keys or something happens and / or demand will always be given as they eliminate the offer at low prices.

Bitcoin will not die if countries around the world are banned, ways will always be created to obtain Bitcoins even illegally (against the policies of countries that forbid it) although I think it might not be possible, they cannot go against the flow.

The current trend is to attack Stablecoins, they believe that their local economies may be threatened, Bitcoin represents a refuge from any catastrophe of a global nature or a global economy crash, such as the one that occurred in 2008, which was actually a total disaster.

If bitcoin will be banned all over the world then why the coin will have more demands to reach that price?
The authorities will surely go around and catch bitcoin holders (sellers and buyers). This will be gone in the market!
I really don't get it!

What it makes sense if all country banned Bitcoin? Would anyone have the risk to buy it even they know that he/she can't make a market on it? Of course, no one and we can't expect that bitcoin will reach that price or would like to see its value turn to 0$.

Bitcoin moves so high over 1$ because of market demand and also the competition. Bitcoin becomes so valuable also because it has the purpose and we actually enjoy that and to know that, it will still continue its journey for many years to come.

Why would all countries ban bitcoin anyway? Some countries are already enjoying the presence of bitcoin and other cryptocurrencies in so many different ways. Some countries like Japan, Malta, and South Korea's economy are booming because of cryptocurrency businesses in their countries. Also, some countries like Iran, and North Korea are doing well because of cryptocurrency, they are using cryptocurrencies to bypass both U.S & E.U sanctions.

I agree with you, it is inevitable

The moment that worldwide government ban bitcoin, then bitcoin is already gone, only few people will be bold enough to start using it and they will not be encouraged because there will be very little or no volume to carry make their trading transaction successful.

It would even be very impossible for bitcoin to be banned now because out of many nations of the world, there are several ones that have already adopted the use of cryptocurrency already and are already benefiting from it which will make it difficult for anyone to actually change their mindset or stop them from using it and even if the United states is against it, those government would still be able to use it because they have their own power and control themselves to do what will benefit their country and their economy.

I don't think that these countries are happy with the existence of Bitcoin. But among them, some of the countries (Japan, Germany, Switzerland, Singapore.etc) have realized that as a decentralized asset it is not possible to ban Bitcoin. So they have regulated and legalized the status of Bitcoin in their jurisdictions. Japan has been the role model in this regard.

However, some of the countries such as China and India have taken a more hostile stance. Their approach is to terrorize anyone who dares to transact or trade Bitcoin, so that people would refrain from using it. And from what we have seen, this policy has failed miserably. Both these countries have some of the largest number of Bitcoin users in the world.

I think it's very unlikely that bitcoin is banned by all countries, because everything has pros and cons. Likewise with bitcoin
it is not possible for all parties to oppose bitcoin, there must be those who support it. Moreover now many countries have
legalized bitcoin and adopted bitcoin as a means of payment. That used as an alternative to fiat. After all, bitcoin brings many
benefits to human life. So the possibility of all countries banned will not happen.

although the reality is impossible but at least I appreciate that possibility, bitcoin will be more expensive in the world and its own goals (anonymity and far from centralization), and in the end a sustainable support system will be formed from non-capitalists.
Many economists will eventually continue to compare the right system with increasing demand. This progress will be more quickly adopted and without the need to spin from the slow pace of the system that is preventing BTC.

Freedom doesn't exist if governments start banning bitcoin. It is not a world I would want to live in that is for sure. I honestly would rather not live then be controlled.
You correct it is not possible for anything to be opposed 100% there will always be those who do not, it's just mathematical.

You cannot ban something that is so free and easy to set up and use. It is like trying to ban a certain site or indeed the internet. Sure you can make it a vit harder but ban? I think not. Not even in china it is that bad. You just bypass using VPN and it is just a it of inconvenience that is all.

Yeah, no matter how much each country would like to ban Bitcoin, for sure they cannot do it, as they cannot stop people from doing this, so the least thing they should do is to study it and check how are they going to regulate and make some laws regarding it for the protection of many users such as those who were victimize of scam.

If the bitcoin ban in all countries ? Ill think no one buying of it because their was no price be make.

But that was not easy to be banned bitcoin on this situation of the market are start recovering the price to increase. And many people earning profit from bitcoin and to solve from their poverty. And bitcoin are known for us to be one of the popular bitcoin in a whole world, Actually not only you talking about bitcoin be banned or vanish i saw some kind of topic in other thread.

It also what I think when I read this. So they use it as an illegal? But how they can use it? If the whole world banned it then it would be trash because you cannot withdraw your money when it is banned.

If Bitcoin really gets restrict across the world I doubt that the price will pump simply because the demand will dictate the liquidity of the market. If Bitcoin gets banned the volume will definitely drop and that could also a big impact.  Bitcoin will be nothing without its community hence, it will crash.

If bitcoin is banned worldwide the number of criminals will increase, As simple as that! Because all transactions using bitcoin will be considered criminal. So why use it when you know you are going to jail for this.
You can't even sell it legally and you'll definitely find it difficult. So the price of bitcoin will drop and no new investor will have the interest to invest in it.

I believe that most people think that if Bitcoin is banned, then its price will rise to a million dollars precisely because they take, for example, the arms and drugs trade on the Black Market.  These products are also prohibited in most countries and their price is really very high.  But I believe that in this case it is necessary to explain what the value of bitcoin will be if it is not possible to use it.

With OP logic I think he is trying to implement a concept of rare commodity... it does not bring the demands increasing but make it more valueable as the bitcoin you looking for is hard to get, that would only work at the first stage ... I mean we know that bitcoin is getting popular and become an attention for common people.

But once they find out that it's hard to get access to buy and or sell bitcoin due every single country ban bitcoin ... guess what would happened? There's no more interest and people leaving just like that.

Nobody buying ... nobody selling... then the end of bitcoin is a sure thing. The concept itself is invalid and the logic is wrong.

Banning Bitcoin in most countries will not really make it $1M as the demand is very minimal and people within those countries who didn't ban Bitcoin will create panic, as the number of users will not that increase compare if Bitcoin will not restrict in all countries. So, we should not be happy at all if most countries will ban Bitcoin.

I remember the day when Gov of India announced that cryptocurrencies were not legal tender and the transactions were not recognized by the reserve bank, that day bitcoin crashed hard. If all the countries ban it (impossible) the bitcoin will lose more than 80% of its users. So it may crash down totally.

And after the crash, if someone requests to buy my bitcoin at the price 1M$ I shall not because I am not interested in any kind of illegal activity. 

I do not understand the rationale for your reasoning. Why should the price of bitcoin rise by 50 times if all governments ban it? Why should the demand for bitcoin after its prohibition increase if it cannot be legally used anywhere? It is quite obvious to me that he cannot have significant material value after his complete prohibition. In this case, Bitcoin will be almost completely used between people; there will be no rules for transactions. Therefore, theft and fraud will flourish.
However, a complete ban on bitcoins does not threaten him yet.

Indeed, well despite of having some issues regarding legalization bitcoin was able to overcome different problems through the years. I don't think government have enough reason to ban it since its beneficial to us, they just don't see its capabilities. Also, is there any specific reason for them to do it? is that reason valid enough to ban bitcoin? Its possible but the people who supports bitcoin won't allow it to happen. As you can see bitcoin had changed the life of many of us and its the reason why people keep on supporting and believing on it, for that reason it will be difficult for them to ban bitcoin. Other than that, some government officials from different countries already know bitcoins true value that is why I don't think it will be a big deal for them since some of them are already have enough understanding about how bitcoin actually works. They have allow it to give opportunities to their people like us and we have gain so many benefits. Its a bit complicated but you should think of it carefully.

Yes, governments need to keep up with the times or fall behind, and they will fall behind believe in that. The only thing to do is to join in since they can't stop it or change it.


I don't know why it would have caused the crash. It doesn't matter if bitcoin is legal tender you can still use it. I think you confused.
So if someone wants to buy your bitcoin for one million you will say no??
You, sir, are an idiot.
Just because a few morons made up a law doesn't make it right. Check your morals.

lol nice iniative brother . i was amazed on you because you still manage to save btc in your own little ways by creating unimaginative thoughts like this but anyway i think im not going to agree on you this time because on my mind if btc trully banned worldwide , there will be no buyers and sellers which will result for its value to go down and die.  and if anyone want to insist or is going to against by this rule , they will be punished hard if caught . this applies to both seller and buyer , so wont you be afraid with that ?

No, it won't happen, rather if all country bans Bitcoin, its value will be zero! Bitcoin is digital money, it's price has increased and will increase more because of the more people adoption with it. But what if people don't give a priority because of the government bans? how can Bitcoin's value become 1 Million Dollars? No way. That time, Bitcoin will be used only in black markets/dark web to do bad things! So, there will be no honor or value for Bitcoin in the open world!

Bitcoin demand is increasing because people choose Bitcoin as an investment asset. If, Bitcoin is only available on the black market, it will reduce the demand for Bitcoin. How can you be sure if demand will increase when Bitcoin got banned and just accepted by black market users? Is it because the price of Bitcoin reaches 1 million will make the majority of the world's population switch to the black market? I think it's very impossible.

There is no clear and right logic here if your reason to ban Bitcoin is that it will hit $1 million because the black market will be the one to sell it.
So you want people to go to the black market to buy and sell there? if you want Bitcoin to become illegal stuff then all the hard work we've accomplished in the past ten years will go to nothing.
And lastly who will call to ban Bitcoin when it is already everywhere, people will call you out of your mind if you suggest that it will be ban, you are ten years late to do that.

If all countries decide to ban Bitcoin, things may not go that easy for the price. In a situation like that, there would be noone to be able to use Bitcoin for anything and it would create a chaos for the market.

I don't believe it too that if all countries banned bitcoin it will shoot upto 1 million dollar, because what we need right now is an adoption of it. More people using it means more demand of it and price increase will follow. This is natural and organic growth, and this is all we need.

If ever it reach $1M with banning from all countries, it means one thing.. it is manipulated and only a few owns it.Not  good way for bitcoin to thrive.

I am confused how Bitcoin can increase while no country wants to buy it because they forbid their people to stay away from Bitcoin. That means the demand for Bitcoin will decrease, causing Bitcoin prices to weaken and plummet. IMO. And I don't think Bitcoin will reach $1M.

I agree that bitcoin will never ever end but I don't agree about having the value of bitcoin go to a million if all the countries in the world illegalize it. Even though the trades are not conducted on the black market alone anymore, we can see that there are progress although the things that affects the value of bitcoin negatively grow in numbers, so do the things that affects it positively. So we should not be hoping for bitcoin getting banned worldwide instead we should hope for more exclusivity.

This is factually incorrect. Banning something does not stop it, it merely forces it underground, and probably increases its price in the market because its harder to buy or sale.

Of course it would harm exchanging, but then again people could start using it for what it was intended for, and stop exchanging it so much. Yes it was intended to pay and be paid with...

It would probably backfire the politicians. You can already see countries that "ban" bitcoin are simply telling wealth to go away, and indeed they: A) Couldn't actually completely stop their people from using it, and B) worsened their economy, in short having the worst of both world. Well that is a typical result of a politician decision maker.

Out of 200ish countries only about 15 have openly legislated against Bitcoin, the vast majority have not taken position and many have regulated it, but even in those not everyone will follow the rules, simply because its possible to find "ways" around them. (Ie. buy used asic equipment and mine bitcoin to obtain some without KYC).

If we are trying to talk about the possible market price of the bitcoin it shows a good quality because today with the use of investment of other people and also the popularity of it because of the people use this for their transaction it shows now good outcome but there is a chance also the price of the bitcoin becomes profitable still it affects the rule of supply and demand if there is a lot of supply of the bitcoin the price if it will go down and not too much profitable but if there are only a few people will support this coin there is a chance that it goes up for over a million dollars but it takes a lot of time again before it happens because the bitcoin already give a lot of profit to the people and there is a chance that they will join into the world of cryptocurrency just to earn too like us.

It’s not really the worth of Bitcoin that will increase but the fees that those that are selling it will be charging. If you want to buy $1,000 worth of cryptocurrency, since it’s illegal those people are going to charge you a lot of money to carry out the transaction, but you wouldn’t be getting that same amount you paid; you might pay $1,500 and only $900 or $1000.

I don’t really think that would be good because only bad people in the dark web will be buying and making use of it for their transactions, and other people who are afraid of the law would stay clear from it. So it’s not really a good idea and I’m not praying for that to happen, I prefer that more and more countries keep declaring it legal.

Probably,

Since no one can legally use it if it will be banned in all countries, the only possible users of it will be the people who're running in the black markets. Also, I don't think that its value will increase if bitcoin will only be used that way, the demand will suddenly drop and also its price.

This is just pure nonsense,

This is a very old concept, the latest development in crypto area has gone far beyond this

Cryptocurrency actually made a virtual world that generates value, and its value can be hundreds of times higher than existing physical world, and the existing law makers in the current physical world can not do anything about it, they must follow the same rules in that network, e.g. no inflation, no tax, etc...

And in future, the participants of this virtual world might not be human, but code controlled AI, which makes it even irrelevant for the current old world regulators, they don't even know what to ban

For example, IRS has started to tax traders for coin2coin trading, but what if those trades are done by smart contract on decentralized exchanges, and the ultimate beneficial owner is just an address controlled by algorithm?

I think if bitcoin would be banned from all countries it does not make it valuable and precious since no country wants it then when it is ban for all country, i mean no more demand coming from, but if many country would ban bitcoin, and not all countries, maybe bitcoin would be so very precious in terms of its price and volume.

Firstly none of your fantsy can become true. Bitcoin cannot be banned as it is the currency of the internet. To ban Bitcoin you have to ban the internet.

Secondly Bitcoins existence and market value depends on its adoption. The more it is adopted the more will be the demand, the more the demand is the more will be its value.

I am not sure from where you came out with this figure of 1Million like a clown. There are already few clowns shouting the same numbers periodically every year, do not become one of them.

Yes, Bitcoin will grow faster, more and more companies accept bitcoin as payment. Even Trump cannot ban it, everything that bankers do to limit the circulation of bitcoin will be in vain.

Only terrorist and idiots will use the bitcoin if it will be banned by all countries because if it will be banned, I am pretty sure that those users will be jailed and the government will closely monitor those illegal users and they will sentence them once they will be found.

All of us wants to profit but if it is against the law of our government then we can't do a thing but to follow the rules. So the chances that bitcoin price will skyrocket to 1m usd is only a dream because the demand will surely goes down and only few will remain, meaning the supply of bitcoin is greater than the demand.

If Bitcoin is banned for use in all countries, the demand for it will definitely fall sharply because most people will want to get rid of it. And even this is not about the law-abiding majority, although this is true, but about the fact that people will simply be afraid that it will become useless. It does not even need to be banned by all states. Enough and that it was banned by the "Big Twenty." Further events will be related to whether the ban concerned the entire decentralized cryptocurrency, or only bitcoin. If the ban applies to the entire decentralized cryptocurrency, it will be used by a limited circle of people for illegal trading. Most likely, people will switch to the use of stable coins of various states.

I hold the opposite view: the cost of bitcoins will grow if it is allowed by most developed countries. The more bitcoin is used in calculations, the more it will be in demand in the economy and the higher its price will be. Therefore, we are waiting for the day when bitcoin will be used all over the world.

There is picture in crypto market or whole world that BTC will banned forever. Besides this BTC price and demand increasing day by day. You can see in your country that how quickly it spreading men to men everyday. World now thinking blockchain technology and online payment system which is very easy and secure so that BTC will be more demand able day by day and no tension here.

though it seems impossible that entire world will ban bitcoin, but still suppose if all the nations of the world ban it, then definitely the value of it will be zero.
there will be no buyers in the market.  no business house will be ready to accept payment in bitcoin.  so if there is no demand then how we will be able to ascertain the price of btc.

I dont know how some people derive some theory of a big capacity of trade and price for bitcoin even if the first world country are against it. I was praying Trump wont go beyond the tweet last year to cause more commotion to the space.  I have always not beleive the space is as decentralized like spoken of and we are now getting to know more. Just USA and China lack of influence or trade in the space can crash it as low it was in 2013 in few days.

Why would the demand increase when it is illegal?
BTC is still being used in illegal ways in blackmarket and other stuff,
But it still doesn't skyrocket just like you mention.
If the whole world bans it then it would surely fall but it wouldn't completely die.
Other crypto would take over for sure.

If Bitcoin is banned and threatens with a prison in all countries, then it will fall completely, because I am sure that in this case no one will risk his life. Only fiat currencies, especially the dollar and maybe Yuan, will return this part of the market.

There will always be issues like that in the stock market, especially this bitcoin has greatly threatened the existence of state finances and bank factors so that there will always be issues to drop bitcoin, but I think it's very far to be able to drop bitcoin at this time because not a few in the world that already uses bitcoin as an alternative financial facility

Banning Bitcoin won't be a good option for the world as this thing has become a vital part of the everyday life of people from making online secure transactions to making secure payments or maybe even buying things from online portals - Bitcoin is a go-to option for many.
Even if we hypothetically consider that every country bans it then it's not possible price will go 50x because big investors will refrain themselves from investing in Bitcoin.