Bitcoin will Be 1M$ if all countries Ban it

[riso2015]

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.

[agentx44]

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.

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.

[Artemis3]

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 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.

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).

[Assface16678]

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 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.

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.

[coinfinger]

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.

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.

[DabsPoorVersion]

Sounds like speculations. And what use cases will btc have? Only dark markets?

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,

[johnyj]

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?

[vermigerous]

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.

[pakhitheboss]

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.

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.

[ubay]

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.

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.

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.

[BlackFor3st]

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.

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.

[Tylev]

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 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.

[tvplus006]

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 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.

[pragna]

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.

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.

[virendarnagpal]

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.

[royalfestus]

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.

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.

[bhabygrim]

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.

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.

[FanatMonet]

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.

[valuater]

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

[Swordsoffreedom]

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.