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Author Topic: What If Bitcoin is banned?  (Read 11382 times)
TheCoinFinder
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September 21, 2017, 03:06:23 PM
 #481

In fact, i didn't even expect such condition to be happen ever but really it came into realistic action.
China an extensive bitcoin representational country ultimately banned bitcoin,thus the act puts bitcoin users in fear.
If same condition happens in my locality,i would still adapt bitcoin in the rememberance of its love.

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lentzaj
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September 21, 2017, 03:11:30 PM
 #482

Well I totally agree with the idea that it would be stupid for a government to ban BTC because this could put its country in an economic disadvantage. However, China has demonstrates us that a kind of banning is always possible. What is the point of this exchanges and ICO banning ? Do they have a wise strategy behind it ? Could be...

To answer your question, if my country was a big country I would maybe sell my BTC if I learn they plan to ban it... 


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Aleister Crowley
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September 21, 2017, 03:34:53 PM
 #483

If bitcoin will be banned in my country, my bitcoin i will get is not really be useless because you can still exchange it for dollars then use it to buy items but if the US will banned it, i think thats the end
I think the bitcoin will never end, though the US forbids it, bitcoin will still run, because there are still many companies in big countries that adopt bitcoin as a means of payment, and now it's growing in almost every field. this will record the history of the world, as the most advanced payment system and in gandrungi many circles
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September 21, 2017, 03:46:28 PM
 #484

If bitcoin will be banned in my country, my bitcoin i will get is not really be useless because you can still exchange it for dollars then use it to buy items but if the US will banned it, i think thats the end
Nah, it is never the end of bitcoin even if it was banned. Bitcoin is built on the blockchain and as you know, it is totally decentralized and 100% anonymous if the users know how to use bitcoin appropriately. Therefore, bitcoin will still be used in any cases, unless the internet is shut down Wink

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September 21, 2017, 04:24:03 PM
 #485

I would still use it. Not sure how the government can really find out you are using bitcoin unless you walk around screaming about it. They could block the exchanges, but you can use proxy or VPN to go around it.
Its a disaster for many users especially to those users who actually prefer bitcoin as a main source of income and does not have enough job to earn some money for themselves. But i think it will not happen unless there is something bad happened to bitcoin.

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September 21, 2017, 04:38:58 PM
 #486

This is impossible because bitcoin is decentralized markets and has no physical place or foundation to arrest . bitcoin will die in only one case when community abandon it .

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September 21, 2017, 07:06:03 PM
 #487

If my country bans bitcoin I will simply not tell the goverment about my bitcoins, is very likely that even a ban in very financially restrictive countries will help bitcoin's adoption, the people in those countries will want to withdraw their whealth and bitcoin can be a great way to do it.
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September 21, 2017, 07:11:58 PM
 #488

I think a lot of people will have trouble if bitcoin is banned, especially for those whose main income is on the internet. well, many people are out of their jobs for bitcoin, so when it's banned it might increase the number of unemployed.
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September 21, 2017, 07:43:57 PM
 #489

If my country bans bitcoin I will simply not tell the goverment about my bitcoins, is very likely that even a ban in very financially restrictive countries will help bitcoin's adoption, the people in those countries will want to withdraw their whealth and bitcoin can be a great way to do it.
If the government on the world want to ban Bitcoin, they only ignore an opportunity help them earn a huge benefit. Japan is one of countries understand that, so they do not want give this chance to any countries, that is reason they want to become first country accept Bitcoin is legal Cool
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September 22, 2017, 03:39:57 PM
 #490

I will still use bitcoins.Not only me nobody can leave bitcoins. Banned bitcoins can help proxy sellers. Because only proxy/vpn can save our wallet and give access to block sites. In techincal terms bitcoin cannot be blocked .Only ISP of the government will block the bitcoin sites and blockchain protocol.

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September 22, 2017, 03:42:08 PM
 #491

That would be like trying to ban the internet - where are we talking about North Korea? Even if someone tries it it wont hold.
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September 22, 2017, 04:03:53 PM
 #492

if its banned to a certain locals only, there will be no problem with it, as you can still purchase or transact BTC to other locations online.

Other countries is now starting to embrace BTC with corresponding implementing rules to exchanges for a regulatory purposes.

Its a currency disruption, its a technology driven currency.
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September 22, 2017, 04:06:35 PM
 #493

That would be a bad thing for us who love and use bitcoins. Because if it gets banned, people will not want to be a part of it anymore. And most of the people will abandon it. It will be priceless and become history and a story to tell to our children. Then it will be forgotten like it never happened.

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blackr15
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September 22, 2017, 04:19:01 PM
 #494

if in my opinion a little disappointed because bitcoin satisfactory results.,

I hope bitcoin will last a long time because I want to feel great results ...
bleachX
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September 22, 2017, 04:26:26 PM
 #495

And the good news is my country actually accepts existence bitcoin. So, i don't have to worry about bitcoin will be banned by government. I haven't imagined if had to live in China.

 
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farhansadik
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September 22, 2017, 04:31:24 PM
 #496

Bitcoin is Not legal in my country. If it will Ban By My Government, there is no problem for me, Actually they could not able to prevent use of BTC.
It is very easy to convert BTC with other legal money like Paypal, scrill, payza..  etc.
najmul33
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September 25, 2017, 07:04:06 AM
 #497

bitcoin is banned in my country alredy. But lots of peoples still use bitcoin, And Day By Day more peoples are start use Bitcoin. So I don’t think theare is any affect even Government Banned Bitcoin
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September 25, 2017, 07:33:34 AM
 #498

if it is ban i will still use it...vpn wonder..
BillCoin
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September 25, 2017, 07:39:01 AM
 #499

Bitcoin can not be banned for a way that you won't be able to use it.

The only thing countries can do to bitcoin is to ban it from the country which is going to make it hard to buy and sell bitcoin inside the country, but you are still going to be able to send and receive bitcoins to other and from other people.

If such a big country ban bitcoin as we heard that china is planning to do, it is going to make the bitcoin price decrease in the very short term,  but in the long term it is not going to hurt bitcoin at all.

Soranith
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September 25, 2017, 07:39:07 AM
 #500

If bitcoin will be banned in my country and there will be no exchange available to cash it out then I will sell it to someone from here that I trust and just let him pay directly in my bank account or money remittances. There are so many ways you can find its up to you to look for it.
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