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Author Topic: What would happen if BTC was Banned?  (Read 65805 times)
MINHAJ_VI
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March 16, 2018, 06:36:13 AM
 #1581

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?
That's not a big deal.Banned by govt. isn't a big thing.I will continue after all happen
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Biasaae
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March 16, 2018, 06:40:59 AM
 #1582

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?
Certainly, all the people all over the World who know Bitcoin will make a big war against all Government. Because they certainly will not accept the Government's decision prohibiting Bitcoin around the World.
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March 16, 2018, 06:44:53 AM
 #1583

Bitcoin has already banned in every country. In my country it had banned and declared the punishment to use Bitcoin that have to go to jail for 12years. I have to use Bitcoin so secretly.

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DoublerHunter
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March 16, 2018, 10:26:34 AM
 #1584

Bitcoin has already banned in every country. In my country it had banned and declared the punishment to use Bitcoin that have to go to jail for 12years. I have to use Bitcoin so secretly.
Bitcoin is "not" banned in every country because if bitcoin is banned in every country then there will be no people that will keep getting to this forum to socialize and work for bitcoin because there is no sense to just work in bitcoin if they cannot use it. Bitcoin is still on the progress of getting know by the officials so if they get convinced then they will make it as a legal currency.
Genosx
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March 16, 2018, 12:20:37 PM
 #1585

If bitcoin banned, the price of bitcoin and altcoins will strike in to very low price. The demand in bitcoin will decrease, so its price and value will also decrease.
Maybe many people will be panic selling. They may think that bitcoin will lose its value in the market.
Matildada
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March 16, 2018, 12:24:09 PM
 #1586

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?
If is banned from all countries around the world bitcoin, then I think it will bring great for bitcoin, bitcoin prices would fall a lot, going to death I don't think it would make the bitcoin, which causes the bitcoin to community is less
Glorypaasa
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March 16, 2018, 12:35:21 PM
 #1587

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?
I think when this happens the countries will put their attention to destroying and finding the root of this Bitcoin and it will be a hard time. The value may begin to increase since it is already illegal. Also with this, some may be in jail because even if it's still illegal we all know what Bitcoin can give to an individual and some need that money in order to satisfy their financial lacking. Also the era and the career of all cryptocurrency will be put into law too so it will all be gone.
irinalevina456
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March 22, 2018, 01:03:21 PM
 #1588

opinions disagree whether to introduce bitcoins as the official currency? My personal opinion at the moment it will be difficult
irinalevina456
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March 22, 2018, 04:20:10 PM
 #1589

opinions disagree whether to introduce bitcoins as the official currency? My personal opinion at the moment it will be difficult
Lubang Bawah
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March 22, 2018, 04:45:34 PM
 #1590

I think bitcoin banned will not matter as long as bitcoin community strengthens, we all know that if banned is only one or two countries while other countries legalize then this will never be a serious problem.



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RubiKa
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March 22, 2018, 04:52:18 PM
 #1591

The US government has already stated it's too late to stop bitcoin and they cant shut it down. As long as there are banking crisis on after the other bitcoin will grow. One way or another.
carens
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March 22, 2018, 05:41:02 PM
 #1592

I think if bitcoint is banned, there will be no more digital currencies, and there will be a lot of people who are very disappointed, because bitcoint is very much helping the economy ..
MLBBPLG
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March 22, 2018, 05:44:40 PM
 #1593

if all countries have banned bitcoin, then what I think is the bitcoiners community will act to discuss why bitcoin is banned?
if indeed bitcoin is even detrimental to a country that prohibits bitcoin, the reason why it could harm the country that has banned bitcoin.
azisdoank
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March 22, 2018, 06:11:02 PM
 #1594

well i think nothing would happen but people losing their Bitcoin, we would just have to go on with our lives and try to make some extra money in a other way.It is really something if Bitcoin is banned if you still have Bitcoin left because then you cannot sell them and I would probably hold the ones I already own and when it's comes to a point where Bitcoin is so much worth, that I don't have to work for the rest of my life, I would move to a country where it hasn't been made illegal and sell my bitcoins
gladiusnl
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March 22, 2018, 06:19:08 PM
 #1595

I think there is no way to ban Bitcoin, it's decentralized currency and anonymous, and people could keep using it even if governments tried to ban it. If bitcoin is banned then the chance to get adopted by many countries will not exist because banning bitcoin will result for having bad reputation to others and development for bitcoin will be hard because for sure the authorities will arrest people who try to help in improving bitcoin since they didn't obey the law.
teejayrichard2
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March 25, 2018, 08:21:42 AM
 #1596

if btc get banned, people will panic and sell off btc at a very very low price so as not to loose completely. the value of btc will drop to the nearest minimum and even become useless. though this is unlikely because the world is beginning to accept bitcoin gradually but if it does happen then that is the end of  bitcoin
Joylee
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March 25, 2018, 08:25:08 AM
 #1597

I can't envisage bitcoin being banned. Not in the near future and not later. But if we are to assume it happens, then that will make a lot of bitcoiners law breakers and hence criminals.
kmlhsan
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March 25, 2018, 08:32:03 AM
 #1598

It has already banned by most of the country's government. But still we are using it. So what is the problem. There is no problem. Use Bitcoin secretly.
buldogers
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March 25, 2018, 08:33:41 AM
 #1599

I dont think it can easily be banned because it is all over the internet unless all countries agrees to ban crypto or to shutdown the internet. But if it ban, i think all cryptocurrencies have possibility to get banned as well.
setialovers
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March 25, 2018, 08:40:37 AM
 #1600

I think bitcoin banned will not matter as long as bitcoin community strengthens, we all know that if banned is only one or two countries while other countries legalize then this will never be a serious problem.

Bitcoin can grow so fast because the community. With strong community, bitcoin more popular and reaching highest price a few weeks ago. I think bitcoin not affected with bans from government because bitcoin is decentralized system
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