High possibility major governments will BAN Bitcoin in the near future

[Janation]

I don't think Bitcoin would be banned that bad.

There are a lot of countries that like the idea of cryptocurrencies. The convenience and speed it offers would really be a great asset for the future of finance and transactions. I don't think they will be worried of how Bitcoin will be developed in the future, I think they will be more worried about how will they make their fiat better.

[empress777]

While they may try I believe they'd have less chance than to ban the internet. Unlike Bitcoin the internet is pretty centralized, in the hands of just a few individuals and companies (ISP's, Website Hosts, domain registrations, etc). They might get somewhere shaking out the weak hands in regards to acquiring new Bitcoin by closing the fiat onramps and controlling the exchanges - however they have no way of knowing who holds Bitcoin on a personal wallet, and they can't prevent people from sending / exchanging and getting Bitcoin if they deal with each other directly. Any attempt to seriously ban Bitcoin will only drag it underground more.

[NotFuzzyWarm]

It could be.

And bitcoin can be use for illegal transaction like -> terrorism, money laundering, tax evasion, and other illegal and subversive activity all benefit from the ability to move money in untraceable ways.

Bullsh**
*can be used* for nefarious purposes, yes however, Bitcoin uses a public open ledger with all transactions easily seen and tracked between addresses - hardly 'untraceable'. Now some altcoins - that is a different story.

No matter what coin is used sooner or later conversion to/from fiat WILL occur which brings up the very large elephant in the room which is the fact that fiat is the 'root of all evil' and prime currency used for illicit activities.

[MyCryptoDomains]

It could be.

And bitcoin can be use for illegal transaction like -> terrorism, money laundering, tax evasion, and other illegal and subversive activity all benefit from the ability to move money in untraceable ways.

let's speculate what false flag will happen in order for crackdown to occur

[Ozero]

Governments are likely to start by regulating the circulation of bitcoin as the share of cryptocurrencies increases in the financial sector of the global economy. We remember that the leaders of the G7 countries decided that cryptocurrency does not pose a threat to global financial stability. If this balance is upset due to the increase in the total capitalization of the cryptocurrency, then the reaction of states may be different. Of course, no one will stop the Internet, however, it is quite possible to declare certain types of cryptocurrencies, including bitcoin, a pose of law. At the same time, they can oblige the exchanges not to trade these types of cryptocurrencies, as we have already seen in the example of ripple in the USA, and also prohibit those exchanges that do not comply with this requirement. Also, certain sites that are associated with cryptocurrency will be banned. If strict liability is established for these violations, up to criminal, the cryptocurrency will be dealt a serious blow. I am not saying that this will happen, this is one of the possible scenarios for the development of events.

[finaleshot2016]

The major governments of the world have for some time been laying the groundwork for their own national cryptocurrencies. Does that matter? Yes, it matters a lot. Bitcoin will be a direct competitor.

Why do they do this? To remain in financial control and to stop financial crime like whitewashing of funds from happening. Is it likely to happen? Yes, the US banned holding gold privately in the 1930's. So that the US government was to be a monopoly gold holder in the US.

There is a clear danger that the US, Europe, China, Japan and others will get togheter and flat out ban and even criminalize the usage and holding of Bitcoin. Resulting in after the ban, if you are cought using and holding BTC, you would get a huge fine or jail term.

The price of Bitcoin would get killed completely, you would be looking at Bitcoin below $1000.

How likely do YOU think this scenario is? Although you might say this is only speculation, IT IS A FACT that these countries are working on cryptocurrencies of their own.  

As they already said, users/investors will not shift to another digital currency just because they've made or adapt the system of cryptocurrency. It's very impossible for them to bank decentralized money since they don't have control over it we have multiple ways of accessing it. Killed? It is too much.

A cryptocurrency even a shitcoin can't be killed, they can lose value but can't be killed as they were created and already existed in the world of crypto. Imagine, a shitcoin still exists in the blockchain, what more in bitcoin? thousands of users, a huge community, and a lot of investors.

[Slow death]

if governments had intended to ban bitcoin they would have done so a year ago where bitcoin was less accepted. today big companies and big investors are in this bitcoin market and rich people would not invest in something that has no guarantee. look at paypal, they’re doing well since they introduced bitcoin

If undeveloped countries like India ban Bitcoin, it doesn't mean that developed countries will follow.

It is true, and India is similar to China and Russia, these countries are far from democracy and equality between their people and freedom. but there are many countries where bitcoin is very welcome

[carlfebz2]

I don't think Bitcoin would be banned that bad.

There are a lot of countries that like the idea of cryptocurrencies. The convenience and speed it offers would really be a great asset for the future of finance and transactions. I don't think they will be worried of how Bitcoin will be developed in the future, I think they will be more worried about how will they make their fiat better.

Everything would be divided because not all would really be going on the same direction and it had already been proved out since there are already governments do already recognized nor had
implemented on receiving their pays via Bitcoin which do signifies that there is really still had some chance for it to be adopted without any problems.

Government doesnt really like decentralization because that would really be removing all of things into their grasp thats why negative and criticisms arent really something
new that you would really see around.

It doesnt matter on what would be their measures because the demand doesnt really limit out nor they would able to stop bitcoin existence even if they do
go fully against with it.