What would happen if BTC was Banned?

[Ziomuro27]

If you are asking for possible solution for this I think that we should know how to let go things even thought it hurts us, I know how to let go something's that is so precious to me because I know that if I don't eliminate this thing to me it will gives me hard time to make a goo solution for it so that's why I need to make decision that will support me to always.

[Fatunad]

Such a banning won't happen with bitcoin. This has been growing good without much issues, so maybe in the short or long run the usage increases with more markets giving priority as an acceptable payment source. If a ban gets confirmed, surely that'll be a disappointment. Because lot many users have invested into bitcoin all their earnings.

Without much issues? You wrong there are lots of issues do arise on bitcoin ecosystem but well it cant really stop bitcoin on its progress and banning is really nearly impossible specially if people would really stand out for their beliefs on bitcoins potential which would lead up on using it more and investing into it even more.

[BCTBF]

If bitcoin is prohibited I think there will be a big rebellion by bitcoin users especially developers, investors and miners. But I'm sure no one can ban bitcoin, because bitcoin has a very positive potential in the future.

[sammiko]

You cant really ban it, but illegality could affect the ability to convert it into fiat currency.  This would have an adverse effect on its ability to be used as a medium of exchange and therefore its value versus the dollar, with a flow on effect to miners and other areas. 

Bitcoin would have to be illegal in all major economies, if not the world for this to take effect though. If you had even one western nation with a reasonable population where it could freely be exchanged for the dollar enterprising individuals would find a way to profit from facilitating trade for the rest of us. 

Banning bitcoin is only practical because the majority of the world doesn't understand bitcoin or what it can offer them.  This probably also why many governments haven't bothered with doing it.  If they were to decide it was a serious issue sometime in the future I think the cat would already be out of the bag. 

I could see this happening in the future with the introduction of private blockchains and government controlled cryptocurrencies.  Once more people understand the concept of digital currencies its a natural jump to have a demand for something like bitcoin that circumvents the controls that a state or privately controlled cryptocurrency will have. When people recognize that the value of bitcoin is not in its valuation in fiat but as a unit of trade that is uncontrollable by any entity then it will be impossible to ban. 

[helars2008]

First of all i dont think that your assumption wherein all the government in the world will ban the use of bitcoin is simply not realistic.  Then if ever such thing will happen it will not have an effect to the community since as of today government doesnt have a fool proof way in order to track users
 Therefore even if they will ban it people can just continue to use it without any fear from government finding them.

[martin1221]

Many people have income through bitcoin, if btc will banned.all of us will be getting poor. Some investor also may lost there investment. but that thing have less posibility to come, if do sol other cryptocurencies will born with those big price.

[diegz]

Many people have income through bitcoin, if btc will banned.all of us will be getting poor. Some investor also may lost there investment. but that thing have less posibility to come, if do sol other cryptocurencies will born with those big price.

It goes to show that there are lot of people who are dependent on bitcoin alone, they are afraid when their way of earning will vanish. But I think regulating bitcoin is also healthy for the community, it would prevent greedy people from earning more than they need or hoarding too much wealth without taxing them.

No one will die when bitcoin was banned unless people are lazy or they are dependent to this.

[Best Dreams]

If Bitcoin will be banned by all government, then I think bitcoin will die and so the other altcoins. But I dont really see a reason why this would happen, if the government really wanted its people to improve financially, then why ban bitcoin when there is sure income for the people from it.

If there is a worldwide ban it would be possible to happen but I don't thin the government will do that when bitcoin now is beginning to answer the problems of the centralized system. Big companies are seeing bitcoin as an asset where it can help them with their operation and there is no reason for banning bitcoin just being of some irresponsible users who use bitcoin for illegal activities like money laundering.

Yes I agree with you the question is why would world banned bitcoin there must be a reason and I think there is no reason because bitcoin is playing a big role in economy and it make a people facilities and provide a lot of good services for earning so in short word bitcoin is going to help humanity and the people around the world hey love bitcoin.

[DU18]

Many government has already banned bitcoin for illegal activities.Infact,in my country bitcoin is banned for money laundering.But we are using bitcoin by premium VPN,so government can't trace us.Actually,it's really impossible to make people stop using bitcoin.Because we have many paths of using bitcoin.We are really dependent on bitcoin so we can't stop using it.

[thecryptogiant]

If Bitcoin will be banned by all government, then I think bitcoin will die and so the other altcoins. But I dont really see a reason why this would happen, if the government really wanted its people to improve financially, then why ban bitcoin when there is sure income for the people from it.

If there is a worldwide ban it would be possible to happen but I don't thin the government will do that when bitcoin now is beginning to answer the problems of the centralized system. Big companies are seeing bitcoin as an asset where it can help them with their operation and there is no reason for banning bitcoin just being of some irresponsible users who use bitcoin for illegal activities like money laundering.

Yes I agree with you the question is why would world banned bitcoin there must be a reason and I think there is no reason because bitcoin is playing a big role in economy and it make a people facilities and provide a lot of good services for earning so in short word bitcoin is going to help humanity and the people around the world hey love bitcoin.

Exactly,I mean 1st of all there are over 200 nations in the world and we are not united ,like china oppose USA similarly Russia Is a Anti to USA.
So the big powers are never united and will never be.So if like chaina ban bitcoin japan will adopt it as its the rival and its already happening ,There are so much politics around bitcoin within governments,yes some govt may ban it in future but its to be sure some will allow that and use that on a larger scale on the same time... iam super positive on this 

[mahimonliner]

i would continue to use, good luck track me if i can buy face to face and hold my fortune in bitcoin

many things are banned, but they are still used

haha.. literally best reply.

[The Alchemlst]

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?

Its absurd because they've  been encountering bitcoins mostly when they caught online illegal transactions of criminals red handed and not given any statement since them.Suppose they want to stop bitcoins and other cryptocurrencies then they should probably ban internet too which is impossible. 

[HalfDeck]

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 the government will ban bitcoin then we will be put to jail if they caught us using btc. Btc will be illegal. Well if that happened maybe the bitcoin users will lessen and the value will decrease but i don't think it will be possible because the bitcoin users are increasing in number.

There is always a threat for the usage of bitcoin because if the government will get annoyed by bitcoin and if they will not find any benefits for accepting or using it then they will just ban bitcoin to get rid of it and that is the start when bitcoin will start to fall down and its price will just dump into its zero potential and all of the investors will be in depression because of the loss.

Maybe, we will see a collapse of Bitcoin if the government still do not accept it and banned it for safe in someday. So, I have see many experts always alert us about the bubble growth, although they still buying and investing into Bitcoin, but they always consider for long term.

[leonix007]

Such a banning won't happen with bitcoin. This has been growing good without much issues, so maybe in the short or long run the usage increases with more markets giving priority as an acceptable payment source. If a ban gets confirmed, surely that'll be a disappointment. Because lot many users have invested into bitcoin all their earnings.

Without much issues? You wrong there are lots of issues do arise on bitcoin ecosystem

What issues? issues that linked to the government? issues are the people trying to reverse bitcoin into centralized system.

but well it cant really stop bitcoin on its progress and banning is really nearly impossible specially if people would really stand out for their beliefs on bitcoins potential which would lead up on using it more and investing into it even more.

Of course they can ban within the localized area however it will still grow in other places, and they will leave behind by the disruptions.

[kpcian]

That is not possible, Bitcoin will not be banned forever. Day by day Bitcoin is getting accepted in many online platforms, A lot of multinational companies already has accepted Bitcoin as a payment tool. some countries have allowed it as a legal currency so that Bitcoin will last for a long time.

[truthstalker]

That is not possible, Bitcoin will not be banned forever. Day by day Bitcoin is getting accepted in many online platforms, A lot of multinational companies already has accepted Bitcoin as a payment tool. some countries have allowed it as a legal currency so that Bitcoin will last for a long time.

Bitcoin itself doesn't need to be banned. It's exchanges and companies that trade in Bitcoin that need to be banned. WIthout anything to spend it on it would become a gimmick.

[cherryganda]

thaat will be a disaster after then ! but i think that will never happen and bitcoin will beat as long as theres 1 country open for the coin !

[noeeel]

Re: What would happen if BTC was Banned?

I guess that anonymous coins will gain a lot of attractions.

Therefore it is really worth to check out DeepOnion.

All DO Transactions are sent via the TOR network anonymously.

[cydrix]

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 would be an obvious disaster but we would eventually make way to use bitcoin even more anonymous  then every country i think will be hacked because of the urged to revenge  but i think im only exagerrating to what will happen but i will do that lol . The community would be devastated and more individuals will be hopeless . Vpn  will be used and brought upto that situation

[Sithara007]

Well, the big question is are you willing to go to jail in order to defend your BTC stash? I don't know. If such a situation arises, then I am not sure what I will do. More than 50% of my net wealth is in the form of Bitcoin. But is it worth going to prison? Perhaps yes. But there is no guarantee that the BTC prices will not crash before I get out of the prison.