What happens to BTC if all countries shut down exchange trading like China?

[cryptothinker]

Maybe to zero?

Of course not. It would only move Bitcoin trades to the black markets, as happens with anything government considers illegal.

[farhaan]

First,we don't know whether all countries would uniformly decide such thing at the same time.But even if it happens,people would mostly move towards localbitcoins.com to sell their bitcoins for cash.Otherwise,people would start selling their bitcoins to persons individually just as raiblock coins XBR was bought and sold in between raiblock users until it got listed in exchanges.So,the bitcoin community is ready to face any situation.

[kenkoy]

I think that will be chaos. However, that's impossible to happen because Bitcoin is very well established globally. Maybe there are some countries that ban Bitcoin but we cannot conclude that this will bring down BTC completely. There are also Big whales, billionaires who are bitcoin investors. They are experienced investors that can do something about it.

[DoublerHunter]

Bitcoin will die because there will be no demand for buying and selling bitcoin so there will be no people that will able to do transaction and the miners will just stop mining since there is no sense in mining bitcoin when there is no value because of the 0 amount of demand in the market and it will become the end of the era of cryptocurrencies.

[Crypto Carl]

visit https://www.cryptxmoney.com/ for crypto news updates and more.

[Dontme]

Maybe to zero?

Bitcoin is still there, bitcoin's value is still there but it is already useless when all countries shut down echange trading. It will die because of No demand, high demand is important because it will make the price or value more higher. If people already stop using bitcoin it will surely die and it will become commonly useless to all people then the holders of bitcoin face big crisis in their economy. It will surely get them down because of this kind of trouble if bitcoin will be ban in all countries.

[FLoving]

Maybe to zero?

Of course not. It would only move Bitcoin trades to the black markets, as happens with anything government considers illegal.

That would be happening as happened with many other things that were regarded as illegal. If something is just amazingly spreading all over the world then the black sheep came and trying to demolish it, results in converting all its features to black market. Same would happen with bitcoin if every country will ban it, so black market would welcome it.

[helars2008]

Bitcoin and cryptocurrency as whole will still work even withouth the exchanges.  Here the vision of cryptocurrency will truly be proven,  wherein peer to peer transaction will play a vital role.  You wouldnt need exchanger to do your conversion if you wanted to,  all you need to do is look for a person who will be willing to exchange your coins with fiat.

[Yeshualive]

Bitcoin and cryptocurrency as whole will still work even withouth the exchanges.  Here the vision of cryptocurrency will truly be proven,  wherein peer to peer transaction will play a vital role.  You wouldnt need exchanger to do your conversion if you wanted to,  all you need to do is look for a person who will be willing to exchange your coins with fiat.

Totaly agree. This is the essence of Criptos. Decentralisaction and anonimous.

[azguard]

I dont want to thing about it. Bitcoin is something that was meant to be used without influence of bank and government so this will not happen that all exchanges go down for good. But maybe if this somehow happens think that in this point price would be so high that people will start to buy it in any possible way.

Still we have so many coin besides bitcoin but dont think that this will happen just do see point if everything goes dark in world of crypto.