What If Bitcoin is banned?

[ethereumhunter]

people which have bitcoin will search another way to connect and used bitcoin because they still want to make money in their time and i am sure that they will found that way. its all about internet connection and as long as government is not banned internet connection then i am sure people will solve the problem so they can still use bitcoin.

[uztre29]

I don't think they can detect me using bitcoin or earning bitcoin. On the first place, bitcoin is used for transactions but your identity is hidden. They would not know if you are using bitcoin. But if they can still detect it, then I must hide my IP address.

[FrueGreads]

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'm not sure, but I guess I would still use it. There are no exchanges in my country, I use the normal ones, like poloniex for example, so unless they ban that as well I would still use it. Even if they ban the access to those exchanges, maybe I could still do it with a proxy or something like that. Anyway, I really don't think bitcoin will be banned from my country, and if it is, I'm sure it will be banned from every other country in the European Union, and if it happens there, it will also probably happen in the US etc, so it would be worldwide, and I really don't think that will happen.

They will probably create laws to regulate the use of BTC, but I don't think they will ever ban it.

[karmakeddon]

If that happens, it will definitely drive the price up of coins for that particular country. Something inaccessible or illegal will always carry a higher price tag than it's legal counterparts. People who partake in that particular thing or activity, will gladly pay whatever price so that they can get their hands on it. Look at marijuana for example. Before it was legal, you'd be paying at least $20.00 for a couple of good purple kush buds. Now that it is legalized, you can hop on to a dispensary and get that same bud for half the price.

[Coffee135]

Don't understand why people have this slave mentality. What does the government prohibit? And that is not you are the source of power in the country? The government needs only to implement what is required of them by the people.

[Sand-Flash]

If bitcoin will be banned permanently, it will be a big waste of money for those who invest a huge amount of money and haven't earned or received their part. Also, for those who recently started investing. Because they just invested money for nothing. However, if bitcoin is banned iguess some people will make a way to convert their remaining bitcoins to real money or another type of internet money. This gives those people some advantage cause somehow they can refund or return the money that they had invest.

[onurgozupek]

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.

Can any government be able to ban Bitcoin completely? Do you know what P2P network and how strong it is?

Please google "Bitcoin satellite"

[Ekanenf]

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.

Can any government be able to ban Bitcoin completely? Do you know what P2P network and how strong it is?

Please google "Bitcoin satellite"

Well they can't ban bitcoin rather they will restrict your access into it for example is IP ban for almost all the bitcoin related sites. It will be hard to exchange it into fiat money so you will have to use VPN and trade your bitcoin to other people and transfer money into your bank account or any money transfer ways which is way riskier to transact to. 

[vintages]

Sure! I will still use it. So far it accepted worldwide, finding buyers won't be a problem. It will becoming an international exchange. All I have to do is to pe protected by an Escrow to avoid fraud.

[Butchick]

If bitcoin will be banned, it doesn't necessarily mean we can no longer profit from it. Although, this is quite impossible since it will be a big loss for both the investors and the government itself since they will also have to spend money to be able to ensure that nobody will be using bitcoin in the said country. They still have to set some security measures.

[masterwakokok7]

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.

It will depend on how does the Government banned Bitcoins.  If the Government bans every related Bitcoin website, Wallets and etc. Then I have no choice but to accept the fact that I can't engage in dealing with Bitcoin and other Cryptocurrency. Though, If VPN and any other IP Proxy sites are still up then I would probably use it to engage in the Crypto world. If I'd still access those websites using VPNs then I can still be able to exchange with the normal process and procedures and not having any problems.

Sure! I will still use it. So far it accepted worldwide, finding buyers won't be a problem. It will becoming an international exchange. All I have to do is to pe protected by an Escrow to avoid fraud.

I didn't get your point, You answer that you will still use it but I don't get the reason behind it. So far BITCOIN IS NOT LEGALLY ACCEPTED WORLDWIDE there are only selected countries that accept Bitcoin legally.

[BAGOBO]

maybe Bitcoin price will drop dramatically, and maybe Bitcoin will be disappeared. digital currency will die.

[YuginKadoya]

maybe Bitcoin price will drop dramatically, and maybe Bitcoin will be disappeared. digital currency will die.

OP did not say bitcoin will be ban in the whole world he said if it's going to be ban in your country and a what if question, bitcoin currency will not die will will continue to exist even if it is ban in a certain country I think it can not be gone because even thought bitcoin is ban in that particular country you can still earn it and convert it to fiat money.

[Bionicgalaxy]

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.

In my own opinion, if my bitcoin banned in my country i simply cannot use bitcoin anymore because maybe our government closed all bitcoin sites. But i still store all of my bitcoins in my wallet because i know for myself that one day all countries in the world will declare bitcoin as a legal currency.

[goldade]

If bitcoin is eventually banned and banned successfully, because some countries have banned it and they couldn't but continue to regulate it, then they are not  successful with it. If that is the case I guess the gateway to bitcoin would have been shut which will make it impracticable to find a way through and in that case, I don't see any alternative than to stop its use.

[Roffendahl]

I don't see bitcoin getting banned. There is no reason to. But if it will get banned i don't see a problem,
because you will probably still have the money back.

[yrreg ger]

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.

Well if bitcoin was banned in my country I never try to stop to find a way to earn using this. This currency can earn around the world so it is unstoppable even it i banned in some countries this is because bitcoin is beneficial in other people and also a source of income. I think those country who banned the bitcoin is the country who have a demand currency, they don't want to compete their currency because it is their source of income. And maybe the country who use this as illegal payment.

[Rosberger]

Bitcoin cannot be banned maybe the site can be banned but a currency still lives it is like you ban dollars impossible and never be possible because you cannot ban money just change if it is high or low that is how it works.

[Ilikechineseefood]

Bitcoin will be unstoppable these are experts words. Maybe a few countries will block it. But stopping it.... no i think not. It could be stopped, but then the whole world must take arms against BTC.

If bitcoin is bannend from every country it would collapse.

[qwertyup23]

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 here in the Philippines they ban the usage of bitcoin, I would most probably still use utilize it by using a different wallet outside in the country (we have a wallet provider here in the Philippines). Though this will limit my spending capacity and options, I would not want to waste the opportunity of earning bitcoins that potentially may increase its price furthermore in the future.

My friend interviewed the main lawyer of BSP (Central Bank) about bitcoin and the country's view on it. The lawyer said that bitcoin is treated here not as a currency, but rather as property. Therefore, it is not subject to legal tender which opens a variety of options in terms of payment.