What would happen if BTC was Banned?

[dihari]

it's all will be like the first time i've heard bitcoin. it will be back to deep web transactions payment.
bitcoin won't dead, as long as the peoples who need the anonymous transactions still alive.

[1714976604]

1714976604

[1714976604]

1714976604

[1714976604]

1714976604

[Babayega31]

it's all will be like the first time i've heard bitcoin. it will be back to deep web transactions payment.
bitcoin won't dead, as long as the peoples who need the anonymous transactions still alive.

If bicoin is banned many users will fall into disappointments and losses of investments like the traders of altcoins. Many of users who earns btc online will turn to failure of dreams of their lives, because many members do depend on bitcoin as source of financial needs and they don't have stable jobs at all, they just rely with bitcoin and what are hardwork for if it is banned. There should be petitions from all legit users for banning plans from government laws, it shouldn't be implemented without hearing thoughts from people. Illegal activities must be avoided in order to have bitcoin a good reputation to government.

[qiwoman2]

I doubt it can get banned now because Bitcoin is too big and even governments are getting attracted to it now and in Switzerland you can pay for your municipal and household bills with it. 

[bitbunnny]

No bann in the world could stop bitcoiners to use Bitcoin, this has gone too far. In fact the bann could make it even more attractuve to some people.
But I don't beleive it will be banned, except in some radical countries where already is. Today many governments and I would say some banks see that is in their best interest to start to accept it.

[TastyChillySauce00]

No bann in the world could stop bitcoiners to use Bitcoin, this has gone too far. In fact the bann could make it even more attractuve to some people.
But I don't beleive it will be banned, except in some radical countries where already is. Today many governments and I would say some banks see that is in their best interest to start to accept it.

If the banned were also make people who use bitcoin turning out against law and could potentially be jailed then it'll threaten those bitcoin users who live in that region. i guess those will not going to risk their life for the sake of bitcoin and maybe it could decrease the number of bitcoin users. The government could be banned bitcoin anytime as they want but not near I guess

[Fatanut]

it's all will be like the first time i've heard bitcoin. it will be back to deep web transactions payment.
bitcoin won't dead, as long as the peoples who need the anonymous transactions still alive.

If bicoin is banned many users will fall into disappointments and losses of investments like the traders of altcoins. Many of users who earns btc online will turn to failure of dreams of their lives, because many members do depend on bitcoin as source of financial needs and they don't have stable jobs at all, they just rely with bitcoin and what are hardwork for if it is banned. There should be petitions from all legit users for banning plans from government laws, it shouldn't be implemented without hearing thoughts from people. Illegal activities must be avoided in order to have bitcoin a good reputation to government.

People using bitcoins in illegal stuffs is something you can never control. People would continue to use bitcoins in illegal activities even if you do campaigns that promote using bitcoin only in a good manner. Fiat money is used in illegal stuffs too, and it seems like it has been used far more many times than bitcoins since fiat has been there for a long time now. Fiat hasn't been banned yet. Bitcoin having a good reputation might somehow affect the decision of the government but I don't think the reputation of bitcoin actually matters in the eyes of the law.

[justdimin]

No bann in the world could stop bitcoiners to use Bitcoin, this has gone too far. In fact the bann could make it even more attractuve to some people.
But I don't beleive it will be banned, except in some radical countries where already is. Today many governments and I would say some banks see that is in their best interest to start to accept it.

If the banned were also make people who use bitcoin turning out against law and could potentially be jailed then it'll threaten those bitcoin users who live in that region. i guess those will not going to risk their life for the sake of bitcoin and maybe it could decrease the number of bitcoin users. The government could be banned bitcoin anytime as they want but not near I guess

But unless a bitcoin user will themselves revels how a government will come to know who are all using bitcoins unless otherwise they are not cashing out their bitcoins using their bank account or anything similar to that. I guess, people will risk like they will use bitcoins instead of selling bitcoins, similarly instead of buying bitcoins, they will earn it.

[rajasumi3]

Thats y u should sell ur bitcoins once in a month.and dont be too greedy that u l sell ur bitcoins when the price is too high.but in the other sense , sell ur bitcoins as soon as possible .

[bitcoinmasterlord]

Thats y u should sell ur bitcoins once in a month.and dont be too greedy that u l sell ur bitcoins when the price is too high.but in the other sense , sell ur bitcoins as soon as possible .

I think Bitcoin will not ban because it's cryptocurrency we can use this illegally. No matter if our government ban this currency. Present in my country bitcoin is ban but still we are using it. And you can sell your coins this is the best time to sell because the price is high, but don't sell your coins because of this reason.

[pereira4]

No bann in the world could stop bitcoiners to use Bitcoin, this has gone too far. In fact the bann could make it even more attractuve to some people.
But I don't beleive it will be banned, except in some radical countries where already is. Today many governments and I would say some banks see that is in their best interest to start to accept it.

If the banned were also make people who use bitcoin turning out against law and could potentially be jailed then it'll threaten those bitcoin users who live in that region. i guess those will not going to risk their life for the sake of bitcoin and maybe it could decrease the number of bitcoin users. The government could be banned bitcoin anytime as they want but not near I guess

But unless a bitcoin user will themselves revels how a government will come to know who are all using bitcoins unless otherwise they are not cashing out their bitcoins using their bank account or anything similar to that. I guess, people will risk like they will use bitcoins instead of selling bitcoins, similarly instead of buying bitcoins, they will earn it.

Well the government could scan for traffic via ISPs and find out that you are using a bitcoin node? I know that they can do this with tor or with vpn, but im not sure about if they can do it with bitcoin nodes.  In any case, it will not work, they would run out of resources trying to stop a decentralized network, all governments on earth would need to agree and act synchronized and i dont see that ever happening.

[sabbirshm]

If bitcoin banned then many people will use Vpn to access bitcoin.Because, today many people lived on bitcoin, it's giving them many opportunity to earn money.Government can't  stop people using bitcoin absolutely.People will find other ways to access bitcoin.So,it's however will be tough for government to banned bitcoin absolutely.

[novemberwoah]

If all governments in the world declared bitcoin to be illegal certainly everyone will stop using bitcoin, and if anyone still uses will surely be punished. That will be the beginning of death bitcoin if it really happened. The solution is to make all the governments in the world believe with bitcoin, so they would consider to legalize bitcoin. But I'm sure not all governments in the world declared bitcoin to be illegal because every government has a different policy. Even if bitcoin develops and secure I am sure all of the government will accept bitcoin and legalize it.

[Fatanut]

If bitcoin banned then many people will use Vpn to access bitcoin.Because, today many people lived on bitcoin, it's giving them many opportunity to earn money.Government can't  stop people using bitcoin absolutely.People will find other ways to access bitcoin.So,it's however will be tough for government to banned bitcoin absolutely.

Anything that's on the internet cannot be easily banned. Cyber-bullying is an example of it. There's a law about that but here we are, having more and more cyber-bullies. There are people that even commit suicide because of cyber-bullying. Anyone can cyber-bully, they just have to mask their identity.

Similar to accessing bitcoins, you just have to mask your identity and pretend that you're from another country where bitcoin isn't banned. But, if there are other ways to earn money, I wouldn't risk it. I wouldn't risk going to jail for a couple of years just because I was a bitcoin user. Even though you can hide your identity or mask it, there are still ways for you to get caught.

[sunsilk]

I think Bitcoin will not ban because it's cryptocurrency we can use this illegally. No matter if our government ban this currency. Present in my country bitcoin is ban but still we are using it. And you can sell your coins this is the best time to sell because the price is high, but don't sell your coins because of this reason.

So that's basically what going to happen if bitcoin is ban, then most of us will just take it lightly and it is like there is no ban at all.

And we are just going to keep on using bitcoin since it is online currency but it is better if you aren't going to use it illegally.

Because it is already a violation  to your country that you are using bitcoin, you are just adding another violation for yourself if you will use it in a bad way.

[Zadicar]

Banning bitcoin would really still be useless because they would definitely waste off their efforts and time on implementing it because people could still use it anytime they want and transactions are hidden and government would really have a hard time thats why some government doesnt make any move infact they are adoptiing bitcoin but not all countries are making this step.

[poplolnman]

Thats y u should sell ur bitcoins once in a month.and dont be too greedy that u l sell ur bitcoins when the price is too high.but in the other sense , sell ur bitcoins as soon as possible .

I think Bitcoin will not ban because it's cryptocurrency we can use this illegally. No matter if our government ban this currency. Present in my country bitcoin is ban but still we are using it. And you can sell your coins this is the best time to sell because the price is high, but don't sell your coins because of this reason.

soundslike bitcoin are a bad thing if you say so , there is no way to ban bitcoin globally unless bitcoin itself really treating the world pieces lol. gambling never be something like that , even bitcoin are helpful with its feature to help a lot of people reaching global transaction easily without confused as paypal or any other payment services.

[uchma7]

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.

[jam1nut0]

we could still use it but it's price would fall

[Positid]

we could still use it but it's price would fall

It would fall until it will become worthless, that is a big bad news if all countries will be unified of banning bitcoin, that's not good for us and surely we will lose our investments at hand(wallet).

[al0729]

in my own opinion bitcoin cant be ban. Why? many people have using bitcoin as they parttime, fulltime job or even business .