What If Bitcoin is banned?

[Krispin47]

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 i agree. What is the reason for banning bitcoin. Its money so why theyre banning it. And theres no proof that bitcoin is not good and illegal. And many investors are investing here.

[youdacapt]

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 i agree. What is the reason for banning bitcoin. Its money so why theyre banning it. And theres no proof that bitcoin is not good and illegal. And many investors are investing here.

Usually a bitcoin ban is very strong in countries with high crime rates and high levels of drug transactions outside Europe, and they have not been able to enforce strict regulations so most of their societies allocate bitcoin to illegal businesses.

If bitcoin is prohibited by all countries in the world, then it is certain that all our activities are currently illegal and can be criminalized by criminal law, our assets will be frozen and very difficult to recover, no matter who the investors and officials are involved.

[knightmairesaint]

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 i agree. What is the reason for banning bitcoin. Its money so why theyre banning it. And theres no proof that bitcoin is not good and illegal. And many investors are investing here.

Usually a bitcoin ban is very strong in countries with high crime rates and high levels of drug transactions outside Europe, and they have not been able to enforce strict regulations so most of their societies allocate bitcoin to illegal businesses.

If bitcoin is prohibited by all countries in the world, then it is certain that all our activities are currently illegal and can be criminalized by criminal law, our assets will be frozen and very difficult to recover, no matter who the investors and officials are involved.

I agree with you. Bitcoin banning may seems impossible but it is true and it can be done. And if banning happened, many people will be strongly affected. Not just the country who banned but others as well and we don't like that to happen. It is sad because it is true that some people used bitcoin for illegal transactions. Many people are earning money through it by not doing illegal things but still they will be affected as well if those who uses bitcoins for bad things are busted.

[Aveatrex]

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.

Even if my country  'ban' bitcoin (It's shocking to say but bitcoin is still not very known in my country) I don't think it will be hard to bypass that.
I mean technically I don't think it's possible to ban such currency at 100% percent.There will always be ways to go through the system using proxies/VPNs or even going far by asking a friend or a family member who lives in another country which bitcoin is not banned to make a proxy out of his residential IP and be connected through his IP.Simple isn't it?

Anyway I hope we don't have to face that situation someday.

[FrozenByte]

I will continue to use it, it's not a physical object so my country can't completely shut it down.

[TonixGaming_14]

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.

Bitcoin will never band because bitcoin is decentralized and it never crack by someone bitcoin will banned by used. No one can banned bitcoin forever but you will use it and cashout it and never loss forever.

[udonmez]

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.

Even if my country  'ban' bitcoin (It's shocking to say but bitcoin is still not very known in my country) I don't think it will be hard to bypass that.
I mean technically I don't think it's possible to ban such currency at 100% percent.There will always be ways to go through the system using proxies/VPNs or even going far by asking a friend or a family member who lives in another country which bitcoin is not banned to make a proxy out of his residential IP and be connected through his IP.Simple isn't it?

Anyway I hope we don't have to face that situation someday.

what is your county? How did your government ban bitcoin?

[boyptc]

It would be really terrible news. Some people have a lot of money invested in bitcoins. It's scary, to lose everything in a second

Very terrible and many will be disappointed with this type of news. But we will not be heading on that scenario, we are on the opposite side and bitcoin will not be banned instead it will be lightly accepted and will be adopted by with different countries so there's no way I can see that bitcoin will banned. It may be banned in some other countries but the whole bitcoin itself won't be.

[btcdevil]

It would be really terrible news. Some people have a lot of money invested in bitcoins. It's scary, to lose everything in a second

Very terrible and many will be disappointed with this type of news. But we will not be heading on that scenario, we are on the opposite side and bitcoin will not be banned instead it will be lightly accepted and will be adopted by with different countries so there's no way I can see that bitcoin will banned. It may be banned in some other countries but the whole bitcoin itself won't be.

Any thing can happen latest china started to ban ICO offerings and now they are in the process of shutting down the local exchanges. what if other country also start to follow this and make illegal use of bitcon. So that is why it is not recommended to keep full investment in bitcoin or other cryptocurrency. I keep only 30% of my bitcoin earning in bitcoins and balance i just convert them to fiat currency for safety side.

[nicster551]

It would be really terrible news. Some people have a lot of money invested in bitcoins. It's scary, to lose everything in a second

Very terrible and many will be disappointed with this type of news. But we will not be heading on that scenario, we are on the opposite side and bitcoin will not be banned instead it will be lightly accepted and will be adopted by with different countries so there's no way I can see that bitcoin will banned. It may be banned in some other countries but the whole bitcoin itself won't be.

Yes it can cause disappoinment for everyone if the bitcoin become banned in different countries because there are many supporters of bitcoin now that working in bitcoin to spread it's uses to other people and also Bitcoin become helpful for the people who are unemployed in their country.

[Anfisman]

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, I will. I will keep looking for bitcoin even though it has been banned in my country. Because I'm sure bitcoin will still exist anytime. If we go back to the beginning of bitcoin, it has gone through many challenged that have gone through even the price has dropped dramatically. But bitcoin persists and keeps floating up to now, so I think even if bitcoin is banned, there is always a solution because bitcoin can not be stopped by the government.

[EddieNigma]

It would be bad of course but ultimately it cannot stop Bitcoin. And when governments change eventually we would get someone more sympathetic to allowing it. Hopefully it doesn't come to this in most countries.

[andaresta]

I do not care about the ban, if the state is willing to change the legality of bitcoin?

[Choyor]

do not always think that way, think positive just better. because even if bitcoin / other crypto currency is banned, chances are we will lose some of our work / income that can be from bitcoin. I hope that does not happen.

[Death Angel]

I think it does not matter, because until now bitcoin is banned, but everyone is still hunting bitcoin, because this is the hope of a better future than real money.

[BeGoods]

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 i agree. What is the reason for banning bitcoin. Its money so why theyre banning it. And theres no proof that bitcoin is not good and illegal. And many investors are investing here.

I think the issue of legalization on bitcoin is not just about the government's desire to make a profit by taxing bitcoin users, but is there anything other than a tax problem? my government does not prohibit the use of bitcoin but it does not legalize it, they only give warning to their community that cryptocurrency is a currency that is beyond government control, so when the crime happens the government can not help or catch the villain

[Stephencb]

No. Bitcoin is global. If one jurisdiction outlaws buying, holding and selling, business will simply move elsewhere. It will create a black market in the place where it is outlawed, with prices at a premium.
The issue isn't really about banning or outlawing it. I don't think the conversation is heading in that direction. Instead, the focus of attention seems to be on regulation and what regulation should try to achieve.
Regulation can go both ways. It can provide consumer protections, tighten AML, and positive things like that. That's what the PBOC has done this year to date. Or regulation can be so restrictive it stifles innovation and entrepreneurship.
We are beginning to see government and central banks thinking about sovereign crypto. I think that's where the debate is going to be: essentially a debate over which form of crypto we trust more.

[Akash1243]

I don't think so that bitcoin will be banned globally now as many countries have legalised bitcoins.Even if they are banned black markets cab still use it and many people will use as controlling people not to would be hard for governments.Instead governments are trying to make bitcoins usage by legalizing them and some banks are trying to adapt to crypto currencies.

[SushGo]

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 doesn't matter as many people are still using the bitcoins despite the ban from their governments.

[kamikadze69]

I think that would be a bad thing for both investors and us, because with the prohibition of bitcoin the volume of transactions that occur will also decrease quickly and will decrease the value of bitcoin.