Sithara007
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December 09, 2017, 07:43:25 AM |
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As a whole, there is no possibility that bitcoin can be banned completely. Its platform is not easily manipulated , especially, by the government. It's almost free form thus the potential is endless.
Bitcoin can't be banned by the government, but the authorities can make the lives of Bitcoin users really miserable. For example, they can detain Bitcoin users and try to confiscate their coins (in an extreme scenario). Else they can freeze bank accounts which are used for Bitcoin to fiat trading. If something like that happens, then the exchange rates are going to slide down. |
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ynatopak14
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December 09, 2017, 07:47:14 AM |
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there will be a world wide protest , bitcoin value in the market is not a joke and a lot of people even poor one is now joining bitcoin for the opportunity that they will be having a new earnings on this crypto and if the world will declare bitcoin ban well this will be a world war 3 ( of protest) but i think that will be impossible to happen ! i think more than 10% population of the world are now into crypto currencies and growing day by day!
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ShairAfzal
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December 09, 2017, 08:05:52 AM |
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Banking system was already trying to Banned Digital Currency... Protest is best option when any government banned BTC...
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lunaalthea
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December 09, 2017, 08:10:12 AM |
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It's impossible for bitcoin to be completely banned, however hypothetically if it was banned in all countries then bitcoin will lose value since you cannot exchange it for money since it is illegal.
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criza
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December 09, 2017, 08:10:51 AM |
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What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal?
How do you think the community would react? What could be the possible solutions?
Chaos will occur within every country. It was very obvious that many will protest about it since bitcoin has done a lot to different individuals already so it is best to say that no one should declare bitcoin as illegal within every country. Blockchain technology maybe different for all of us but we should still remember that the world is evolving so are we who wants more convenience. |
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KrisAlex18
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December 09, 2017, 08:15:42 AM |
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What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal?
How do you think the community would react? What could be the possible solutions?
No one can predict it yet but for me it will surely create great war and conflict between the government and the people of it. We should not let anyone declare bitcoin as illegal as long as it's not destroying the world hence the government will try to bring it down still since it is bringing down their appeal to people. We should not be blinded by the media also because it is only the government who wants us to see bitcoin as a threat to the world. |
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Naoko
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December 09, 2017, 12:13:27 PM |
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there will really be chaos, because so many people use it and raise a riot...
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millgates
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December 09, 2017, 12:25:07 PM |
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there will really be chaos, because so many people use it and raise a riot...
Yes, but the effect will not for long time. Bitcoin still spread although many countries are not recognize bitcoin. Bitcoin directly spread to the community without need for government approval. If government ban bitcoin, it will make many investors afraid and sell it, but bitcoin has many users that will always hold their bitcoin because they are sure that bitcoin will become very valuable in the future. |
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wjchong
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December 09, 2017, 12:59:24 PM |
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I don't think that whole world will ban Bitcoin. It is possible that some countries may ban Bitcoin but not whole world. Indonesia and Morocco had ban Bitcoin. But also there are many countries who accept Bitcoin.
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BTC BTC MY SAFE HOUSE :- A home that can protect your wealth and life of your families during disaster. BTC
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tthan
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December 09, 2017, 01:36:04 PM |
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When Bitcoin is ban many people will never be happy because the people don't have job will never get money at home.and they dont get a investment for their families. I think the other countries are never ban bitcoin they accept it to the good of their families.
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awwes143
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December 09, 2017, 01:45:05 PM |
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I do not want to lose the fight to reach 1 btc, even though forbidden to find it halal what is the problem?  |
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adzino
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www.Crypto.Games: Multiple coins, multiple games
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December 09, 2017, 01:49:49 PM |
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As a whole, there is no possibility that bitcoin can be banned completely. Its platform is not easily manipulated , especially, by the government. It's almost free form thus the potential is endless.
Bitcoin can be banned. There are few countries that has banned bitcoin and using bitcoin over there is a punishable crime and you can be spending time in jail if you use bitcoin. Even if they don't ban bitcoin directly, they can ban exchanges so people find it more difficult to purchase bitcoin. |
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nominee
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December 09, 2017, 01:52:55 PM |
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there will really be chaos, because so many people use it and raise a riot...
Yes, but the effect will not for long time. Bitcoin still spread although many countries are not recognize bitcoin. Bitcoin directly spread to the community without need for government approval. If government ban bitcoin, it will make many investors afraid and sell it, but bitcoin has many users that will always hold their bitcoin because they are sure that bitcoin will become very valuable in the future. Banning bitcoin is not a solution honestly. This is a value for the entire world and nobody can regulate this by banning or restricting. Some countires tried this but they didn't reach any significant results. |
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cryptolerant
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December 09, 2017, 04:15:05 PM |
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I think people will protest against that decision, because when that happen, it will cause a chaos. Or it will cause a bubble, really. So when that happen, but I doubt all countries will do that, that could lead to a high ratio of poverty. Maybe it will cause an economic depression.
In my case nothing happens because all my accounts are outside of the country that I'm living in at the moment as I really don't trust politics here. So there are free to ban, I don't have any worries about it. |
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Paul Pogba
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December 09, 2017, 04:46:01 PM |
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The fact is bitcoin get banned from many countries, even the biggest bitcoin users china also banned bitcoin, but this does not make bitcoin drop so everything is still profitable.
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rfcdejong
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December 09, 2017, 05:35:58 PM |
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You can not prohibit or block what is decentralized. At the moment, more and more users are getting involved in bitcoin and you need to stop all computers on the network that is not possible.
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TonixGaming_14
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AGATE
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December 09, 2017, 05:57:06 PM |
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What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal?
How do you think the community would react? What could be the possible solutions?
It not would happen bitcoin will banned only the user will banned bitcoin because bitcoin is a cryptocurrency. The possible solution they investigate if bitcoin is using in illegal. but some user will never agree if bitcoin is banned. |
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gigatux
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December 09, 2017, 06:11:44 PM |
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If BTC would be banned I'd have all my efforts wasted, I've been here for a long period of time and it would be painful if BTC may be banned, and I'm sure tons of people will have complaints, especially for those who have dedicated their lives to bitcoin.
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Karavadinos
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IOS - The secure, scalable blockchain
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December 09, 2017, 07:02:30 PM |
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I don't think Bitcoin users will bend the knee infront of law, because even though it is illegal they will use it, same as drugs and alcohol in some countries they are illegal and yet people still consume them. It's perfectly the same thing.
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dragonbhai
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December 09, 2017, 07:11:26 PM |
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The fact is bitcoin get banned from many countries, even the biggest bitcoin users china also banned bitcoin, but this does not make bitcoin drop so everything is still profitable.
Bitcoin's value will drop. That's a definite conclusion but it will surely not go undervalued since bitcoin was used and will continue to be used in the black market and banning bitcoins will only result to a global revolt because there are multiple bitcoin users in different countries now. |
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