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Author Topic: What If Bitcoin is banned?  (Read 11373 times)
Simss
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September 06, 2017, 02:39:03 AM
 #41

I do not know, but if there is not a very heavy sanction I will still use it even though it will prevent us from going to exchange. because I already liked bitcoin.
Ucy
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September 06, 2017, 02:43:30 AM
 #42

How about "what if Government Bans Air"?  Not possible, right?

 Same way banning Bitcoin won't be possible because It is  decentralized and owned nor controlled by no one.
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September 06, 2017, 02:50:48 AM
 #43

It can't be banned. That's not enforceable.
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September 06, 2017, 02:59:15 AM
 #44

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

I will still use it because I know that the government will just make it legal sooner or later because if bitcoin is already widespread and then they are going to ban their citizens to use it, they know that their citizens will do something to access it so instead of being against it, they will eventually give up and make it legal and then just get their share of the income of its citizens through tax. If its currently banned then I would just use a VPN so that I can still access it and continue earning. There are still other purpose even if I can't cash it out directly to any banks in my country. If there's a will there's a way.

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September 06, 2017, 03:02:34 AM
 #45

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

Don't really think this is possible since there is just no point in banning Bitcoin. The countries that ban bitcoin would just be crippling themselves and their economy. Most countries would just tax Bitcoin instead of taxing it.

yes agree.. i dont think bitcoin will ever be ban. as in totally ban. yes, some countries may ban it but still they cant control it as long as people in there countries has the access to internet. for me, if my country bans it, then i will change my bitcoin to dollars then change to our currency.
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September 06, 2017, 03:24:14 AM
 #46

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

Its very hard question to answer. If in case this kind of scenario will happen in our country then the first that I am going to do is to secure my money.
I will sell all my bitcoins and exchange it to our currency so I can still use it. Once banned I don't have intention in using it again as I am a law abiding citizen and I don't like to make a move that I will regret someday.
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September 06, 2017, 03:38:29 AM
 #47

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

Its very hard question to answer. If in case this kind of scenario will happen in our country then the first that I am going to do is to secure my money.
I will sell all my bitcoins and exchange it to our currency so I can still use it. Once banned I don't have intention in using it again as I am a law abiding citizen and I don't like to make a move that I will regret someday.

It's hard to believe that it happen but there's a possibility. I think if it is happen I sell my bitcoin immediately to recover the amount I invest. Moreover, I think I need to invest earning cash to other business to continue my income.
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September 06, 2017, 03:41:37 AM
 #48

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

Its very hard question to answer. If in case this kind of scenario will happen in our country then the first that I am going to do is to secure my money.
I will sell all my bitcoins and exchange it to our currency so I can still use it. Once banned I don't have intention in using it again as I am a law abiding citizen and I don't like to make a move that I will regret someday.

It's hard to believe that it happen but there's a possibility. I think if it is happen I sell my bitcoin immediately to recover the amount I invest. Moreover, I think I need to invest earning cash to other business to continue my income.
There is a little chance that bitcoin will be banned by using it, lots of people are now using bitcoin and investing to earn income, having more users makes bitcoin life much stronger. But if that chance happen i will withdraw all my fund in bitcoin and start to build my own business which will gives me daily income.

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September 06, 2017, 03:42:33 AM
 #49

We will (I hope) always have Internet and VPN. So it doesnt matter, if btc will or not will be banned.
Deborah Christine
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September 06, 2017, 03:51:11 AM
 #50

I think if bitcoin banned it will make the price go down.
But i think it will not happen. I think many country will accept bitcoin because there is good future to bitcoin. I believe it!
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September 06, 2017, 03:55:29 AM
 #51

How about "what if Government Bans Air"?  Not possible, right?

 Same way banning Bitcoin won't be possible because It is  decentralized and owned nor controlled by no one.

Haha I like your joke brother Grin Nice comparison huh.
Yeah its true like it won't happen. Being decentralized attracts people to use it, government is hands off to this and they can't use it for their corruption. Well if its get banned I will immediately exchange it to our local currency.

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September 06, 2017, 03:58:48 AM
 #52

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.
My question is How come that Bitcoin will be banned? Bitcoin is a money, Virtual money. So that I think the government will not make or do that thing because many people can be affected in that situation.

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September 06, 2017, 04:18:08 AM
 #53

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

yes absolutely yes! i trust bitcoin, so even our country banned this bitcoin i totally use it in any case (not to bad of course), theres a lot of ways how to exchange bitcoin to get you in in this society,like for example bitcoin to USD, USD to paypal then i change it to our currency, so no one can stop me to support bitcoin because i truely believe in it.
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September 06, 2017, 04:20:27 AM
 #54

In our country, I think that is hardly possible that Bitcoin will be banned. There are no specific rules and regulations that is in place yet. It may be possible if something happened on Cryptocurrency on the global market and the first world countries has taken actions against it. I believe our country will follow. Maybe , ICO scams will be banned but not bitcoins.

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September 06, 2017, 04:27:39 AM
 #55

indeed the existence of this bitcoin is still a great conversation among banks in several countries. if bitcoin is incurred to overlap in a particular country but also the advantages of using this bitcoin. i hope in our own country to accept the use of bitcoin.

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September 06, 2017, 04:37:32 AM
 #56

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

If bitcoin is banned I think no income coming for us and also to every people use bitcoin. They also affect their income how there are survive if bitcoin is banned because some of us bitcoin is there hope to fulfill their needs. What will happen to us if they banned it? Maybe some of us use bitcoin secretly to support their needs. Maybe I can use too secretly.

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September 06, 2017, 04:40:52 AM
 #57

bitcoin is not banned in my country but it is not legal, all goes as usual.
and if bitcoin is prohibited in my country, then I will sell all the bitcoins I have and will earn revenue from other lines.
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September 06, 2017, 04:46:26 AM
 #58

Bitcoin is unstoppable, there is no tracking it if you are smart enough, if bitcoin is illegal in your country just exchange it from some other country and receive payment from other payment processesor as a charge for some service etc. Governments are stupid if they think they can really stop bitcoin. Just use a good vpn and use your brain and you won't land in any trouble.
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September 06, 2017, 05:04:36 AM
 #59

What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

If they ban bitcoin, that will be a sign that they are scared that people see their fiat currency system is flawed and corrupt. There is no way for the government to hide how they steal billions from the taxpayer by using crypto currency, blockchain is the biggest invention since man discovered fire, we hear things like bitcoin is used for black market trades ....bla bla bla, when fiat currency is the most used for drug deals and corruption.

I will never stop using btc no matter what!!


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September 06, 2017, 05:14:57 AM
 #60

If it's banned, it stays banned. Look at what happened in China two days ago with the government hitting hard on the ICOs and that caused a sudden panic in the crypto world with already existing coins plunging. That wasn't a ban but it sure did send a strong message to us.

However, I don't think any country will place an outright ban on bitcoin. Countries can only regulate its use by way of leveraging on it for its tax. They will find a way to TAX users if it ever becomes expedient. But if by fatal stroke of luck bitcoin is banned in my country, I will relocate to a country where it's allowed.

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