Will people who ban Bitcoin in some countries give up Bitcoin?

[chanler]

It is true that currently there are several countries including China that prohibit Bitcoin or cryptocurrencies. It will certainly be difficult for btc lovers in the country. We know that every country has its own authority/policy to oppose or accept BTC, and as citizens of course this must be obeyed. I just think that it is not easy to release btc especially if you have been in it for a long time. Maybe there are those who give up and there are also those who stick to btc in various ways, of course that can happen if indeed they still hold on to btc. I hope the banning of btc in a country will be reduced so that it won't happen and people can make good use of btc.

[rozak]

Some will have to, because the government is most often extremely negative about crypto.

really don't have to take it off. not all countries have such strict regulations regarding crypto.
some only regulate mining, or only for crypto projects in their country. it does not decide for its citizens to own crypto assets including bitcoin.
everyone is free to own it even when their country regulates ownership of bitcoin assets.
everything can be designed without even knowing the identity of the owner of the crypto asset.

[zanezane]

If there's really no use for bitcoin in that country no matter how much you try to access it, then they will probably eventually abandon the use of bitcoin but if it's otherwise then we will probably see the people use it more.

[mrongoz_imut]

if a country prohibits bitcoin, do people release their bitcoins, people's criteria are different, some immediately release their bitcoins, some hold them first, some don't care at all, whatever happens they will not release the bitcoins they hold.. Personally, I will wait first, because we know the policies taken by the government can change at any time..

[Sollaes]

I think that if something is connected with a lot of problems people give up and look for something easier. So I think that the majority of chinese are likely to give up investments in Bitcoin. On the other hand, Bitcoin has a bright future, so those who understand it, will find ways. For example holding in cold wallet, without trading, like you have said.