bitcoin is banned

[Reid]

How can bitcoin become global when not so few countries, including Russia and China, ban it?

It is not really banned in China. There are just some parts of it that is fotbidden. Same with getting in facebook in their country where you would need to go to a specific area to which you could access it. PBOC is also trying to broaden its industry into opening a blockchain for themself so it is not yet over for bitcoin. As of Russia I have no idea yet.

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[danherbias07]

Chinese people migrating to other countries just to keep their bitcoin going and safer. That is a bad thing if you are in the area to where it is restricted. You would really need to just go out of your own country to keep the investment going. Well, if you could afford bitcoins then I think you could go out the country also.

[steampunkz]

I think  CHINA Has the Biggest Miner Farms in the World. Why will the Banned it there. They are making lots of money from mining bitcoins. 

[aardvark15]

I think most countries will not ban it. The longer Bitcoin survives, the better chance it has to go mainstream. I don't mean that it will replace fiat, but it will have a niche.

[Babayega31]

I think  CHINA Has the Biggest Miner Farms in the World. Why will the Banned it there. They are making lots of money from mining bitcoins. 

Yes, they have more miners but I cant trust most of them because there were lots of them who are doing ponzi schemes; yet they are not reliable if they mined more profits from it or just turned out to nothing but scam. Mining nowadays is not profitable and the cost of operation is higher compared from previous years passed and its impossible to get more btc due to mining competitions.

[carlerha]

Chinese people migrating to other countries just to keep their bitcoin going and safer. That is a bad thing if you are in the area to where it is restricted. You would really need to just go out of your own country to keep the investment going. Well, if you could afford bitcoins then I think you could go out the country also.

i do not think that they need to go to any other area, because their own country is more safer than any other country and their country is not going to bane bitcoin, and they are really receiving a good income from it, because most of the users are from China and they are getting much more from mining.

[mkmdoc]

How can bitcoin become global when not so few countries, including Russia and China, ban it?

Literally no country has announced we are banning bitcoin, every country is supporting but the only problem people should pay taxes to government on time by using bitcoin. Bitcoin is not running by person and it is completely based on machine instruction called bytes, so one has specific control on it. Only the person who bought will have control on it.

[ImHash]

Do you know the entire crypto currencies marketcap is a childplay thing or better like the pennies you get as a change after buying something from a shop for most countries? and I believe many governments around the world starting to accumulate and that is why price is rising, only if people stop selling at these low prices and hold for a more strong demand the'll see that there are even stronger demands than $1500.
"If you can't beat them, join them" but of course a military oriented regime can enforce tyrannical rules such as ban on internet related services.

[marcoman22]

How can bitcoin become global when not so few countries, including Russia and China, ban it?

Russia and China have never banned Bitcoin.In China, Only banks and bank officials are restricted from carrying bitcoin business through banks.To my knowledge,bitcoin was only banned in Bangladesh.You would find difficulties in using bitcoins in following countries Bolivia, Equador,Vietnam Iceland.Other than this , there is no restriction in using bitcoin all over the world.Even US and UK have shown a positive attitude towards bitcoin.

[BitcoinPC]

I don't think that China could do ban of bitcoin. Because of many reasons, but in my thinking, China has made the bitcoin and also China has doing a main role to control the bitcoin, and most of the people know about bitcoin because of China. So how could possible that China ban it? Even China announced that bitcoin is legal in his country.

[noormcs5]

It is not banned in Russia and China and the support of bitcoin is more higher in China so it s not sensible to think that it will be banned in China any time. only a few countries have banned it and these countries are not much bigger in their technology and education wise so they often think that with bitcoin there will be crime in their countries by those who are criminals but the developed countries know that crimes are not due to bitcoin.

I guess too, the most supported country now as far as I know is china, so how comes to OP that it was banned it that country?
I thought they have big farm of bitcoin . And yes, there were few countries that banned bitcoin already, but it was not that easy to let people not use bitcoin.

[RodeoX]

Individual countries can do what they want but it does not hurt bitcoin. It just leaves them out of the money. So what?

[Kprawn]

I don't think that China could do ban of bitcoin. Because of many reasons, but in my thinking, China has made the bitcoin and also China has doing a main role to control the bitcoin, and most of the people know about bitcoin because of China. So how could possible that China ban it? Even China announced that bitcoin is legal in his country.

Do not be too sure about that, because China are working on their own version of Bitcoin at the moment and once this is introduced

to the people, the Chinese might just ban ALL other Crypto currencies. This would be a stupid move, because Bitcoin is accepted

globally and would do nicely as a method to transfer currency over the border. {not capital flight}

[olubams]

How can bitcoin become global when not so few countries, including Russia and China, ban it?

Where is the source of this info I want to believe this is conclusion is arrived at based on mere speculation and nothing else because the last time I checked the latest news we heard from China is just the investigation carried out on exchange sites and not ban. And from Russia on the otherhand the latest info is that several conferences have been holding in Moscow the nation's capital...

[Barbut]

Question is how can they ban bitcoin? There is always a way to surf on internet undetected, they can control some exchanges but not all. Russia and China will make laws about bitcoin, that is true. They are talking about it, and there is always some news about it, they not hide it, just there wasn`t any mention for banning bitcoin or other alts.
This thread is just a trolling nothing more, nobody will ban bitcoin.

[Vikingr]

How can bitcoin become global when not so few countries, including Russia and China, ban it?

It is not really banned in China. There are just some parts of it that is fotbidden. Same with getting in facebook in their country where you would need to go to a specific area to which you could access it. PBOC is also trying to broaden its industry into opening a blockchain for themself so it is not yet over for bitcoin. As of Russia I have no idea yet.

right. China is in the favor of bitcoin and they do not want to ban bitcoin but want to support it. About some parts if you are saying about China then it is not right as Bitcoin is supported by almost all of the China and every part of China accept it on major scale than any other country of the world. In those countries where it is banned are not of that much importance but they are only a few countries which are weaker and are not influential in the world economy.

[boybugs18]

I think bitcoin in Russia is legal as of now and even if they ban it people who wants to be free still use it as if the government can find them russian hackers is so good and about China they are lucky because their government are favoring about bitcoin and I think they are going to have a good bitcoin community there.

[BillyBobZorton]

They can ban it officially and crash the price, but they know that if they do that, the price woudl eventually reocver anyway, so it's a lossing game for them, no matter what they do, the price will eventually recover, thats why they don't ban it, they know that after the ban card is used, they can't do nothing anymore.

[aardvark15]

I don't think America would ever ban Bitcoin because the government has auctioned off the Silk Road Bitcoins. They can't really auction something off and then make it illegal.

[BeGoods]

I think most countries will not ban it. The longer Bitcoin survives, the better chance it has to go mainstream. I don't mean that it will replace fiat, but it will have a niche.

of course if all neutral countries or not the ban on bitcoin. of course bitcoin will continue to survive. especially if the country accepts or adopt bitcoin. of course this will be a turning point for bitcoin