What would happen if BTC was Banned?

[andyhooton]

Banned bitcoins means that there is a law probihited of using bitcoin. You can google about cointries that banned bitcoin. I know that a bad news for bitcoin users and I hope it wont happen in my country.
 

[jakoylantern]

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?

For me, if all government sectors in the world declared that they would ban bitcoin as an illegal cryptocurrency, the reaction of the bitcoin’s price rate will be plummet. Many investors will lose their interest in investing in bitcoin and bitcoin will be worthless. But I think it will never happen, even their some many negative articles and news about bitcoin it will not happen that all state will prohibit bitcoin because there are some country and establishment are now accepting and use bitcoin and another cryptocurrency as a currency.

[Firbolko]

if all governments banned bitcoin, it would cease to exist

[Mei1418]

maybe they should be able to convince, or change the performance of bitcoin so it can make it feasible or legal in use, it is a bitcoin homework

[l0uisStanley]

If Bitcoin will ever be banned than that's all. We will have to switch on something else because dealing with a banned coin can be really hard and difficult

[GawirZZ]

if bitcoin is prohibited maybe all coins will also be banned because bitcoin is the parent of a coin, since initially bitcoin is also equal to coin coins now that are beginning to appear in the market. hopefully bitcoin approved by many parties.

[wall101]

What happens if btc is banned is that many people lose their jobs and spend money so many people suffer from life.

[henry clinton]

I always worry about the bitcoin being banned, it still exists by internet users but if it is banned it will lose value because it is unrecognized, people will lose money because bitcoin keeps

[sumit2103]

Till now BTC is struggling for legal status worldwide but it's not declared illegal or banned from any country. Due to technology behind it is difficult to control and monitor the transactions using BTC and all the records are transparent automatically. IT can be misused by someone against the law of country and against the citizens. So instead of ban governments are finding a way to control or monitor the trading using bitcoin. When you have no control on anything you will leave then because you can’t end it. So the same is happening with BTC.

[inthelongrun]

If bitcoin was banned in all countries then maybe it is not really that popular like today. But still it will gain popularity underground like in the deep web and some online stores, sites, gaming, and others services unregulated by governments.

[BlackSeaConqueror]

People will continue to trade, only in the shadows. They will not completely disconnect the Internet or crawl into users' computers, even traffic is difficult to track.

[cunese]

There is no doubt that if the BTC is banned completely, then I will go bankrupt and my life will become very embarrassing.

[mitabacut]

I think if bitcoin really gets banned all over the world or bitcoin is legalized all over the world. Perhaps all users of this bitcoin digital currency will do democracy so bitcoin can be used again or all bitcoin users will switch to other altcoins like ETHERIUM.

[echo11]

Well if all government banned the bitcoin i think that is the end of our community.
But that is only a scenario . There are so many ways to prevent our government for banning bitcoin industry and it is not instantaneous to ban bitcoin.

[doraegun]

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 bitcoin totally  ban declared by all government no other affected here, it's only bitcoin holder and any token holder, no possible solution to solve that problem because from the start last 2009 bitcoin is not registered by government when they build their first coins. So, no possible action to solve that problem of course community would react if it's gonna be happen because this is supposedly survive the poverty problem.    

[supercanada1]

if bitcoin is prohibited maybe all coins will also be banned because bitcoin is the parent of a coin, since initially bitcoin is also equal to coin coins now that are beginning to appear in the market. hopefully bitcoin approved by many parties.

Even if banned by every government, Bitcoin would still be used by many. Think of scams and hackings, something against the law right! But there are still a large number of people using alternate ways to get their works done no mater how many rules and laws they break. Besides, this question is just a not possible question because if every government in the world was to bane the coin, why would they accept it in the first place.

[lisasteca]

If the btc were banned all over the world or almost all owners would start selling and in this race to sell the value of the btc would fall to zero.

[Tiger Junk]

If bitcoin was banned in all countries then maybe it is not really that popular like today. But still it will gain popularity underground like in the deep web and some online stores, sites, gaming, and others services unregulated by governments.

There is no doubt that the value of bitcoin is will decrease or dump when it banned on some country, and i think the popularity of bitcoin is will not grow really high if it will be banned and lastly i think ethereum is will be more popular if bitcoin will be banned.

[mattmct]

I have answered this question like 5 Times now on different Threads in this Forum,  there is no one Who has the ability to ban Bitcoin for what so ever reasons,  we have Grade over and over Again that BTC was Banned in China,  but we can still see a large amount of Chinese merchants buying BTC in large quantity,  BTC can be declared illegal but can never be banned in any country.

[Urtaev]

I think that all countries will not give up bitcoin because many understand that behind it are big money in the face of investors who need for any country.