BAN ON BITCOINS!!

[illyiller]

If a government decides to make trading or possessing Bitcoins illegal, questions will be raised about how exactly it will enforce such a ban. It is impossible for a government to seize your Bitcoins, unless you decide to handover your private keys. However, the majority of citizens and institutions like to stay on the right side of the law. So the demand for Bitcoin would plummet if the government decided to ban it. All exchanges in that country would also be shuttered and buying/selling Bitcoin would be difficult and risky. This would suffocate Bitcoin in that country and the government’s objectives might be achieved.

This would be true if Bitcoin were localized within such a country. But since it isn't, and since most of the world continues to accept and even embrace it, demand won't necessarily be stifled. If global demand continues to rise and thus, price continues to rise, Chinese residents would still have demand for BTC as a store of value.

It doesn't matter what their government says. The government blocks all sorts of websites, and people just circumvent the ban with VPNs. In this case, we're talking about people securing their wealth against a falling native currency. You can't kill that kind of demand with laws.

[suvo05]

You can not compare the other countries with china they even have banned facebook. I didn't get surprise when they ban bitcoin. The govt policies seems quite different in china compared to other countries. So the possibilities of following china by the other countries are less.

[Flor1982]

I dont know why but iam scared of bitcoin getting ban.
Because of the china situation is there any possibility that bitcoin will get ban in every single country

A big NO, I believed China has a hidden agenda by studying and observing movement of bitcoin and see if they could fully manipulate the bitcoin but i think they probe them wrong because as we can see now at the market trend value bitcoin and altcoin are slowly rising up after their all Chinese investors have fully sell their bitcoins and  i think that is all of them. Now we must be on board to purchase bitcoin now while at cheaper value and hoard again.

[Rinder]

Even if China does ban bitcoin it will just raise the demand for get it with ilegal way, the same way people at Argentina does have more then one value for dollars, bitcoin being banned for others countries would push the price up. For other side its possible to those behaviour to damage a bit crypto for a while, because there is no way to stop bitcoin.

[Kidmat]

You can not compare the other countries with china they even have banned facebook. I didn't get surprise when they ban bitcoin. The govt policies seems quite different in china compared to other countries. So the possibilities of following china by the other countries are less.

I don't think bitcoin can be ban if China has a regulation in terms of cryptocurrency. Yes China has their own rules and regulations somehow it cannot affect other countries about bitcoin. Bitcoin has been stronger until these days and I believe it has more development will happen in the near future.

[drm]

You can not compare the other countries with china they even have banned facebook. I didn't get surprise when they ban bitcoin. The govt policies seems quite different in china compared to other countries. So the possibilities of following china by the other countries are less.

I don't think bitcoin can be ban if China has a regulation in terms of cryptocurrency. Yes China has their own rules and regulations somehow it cannot affect other countries about bitcoin. Bitcoin has been stronger until these days and I believe it has more development will happen in the near future.

It will be a bigger problem if other countries would follow suit.
But let's wait and see how things are actually going to get regulated first.

[brobbel]

You can not compare the other countries with china they even have banned facebook. I didn't get surprise when they ban bitcoin. The govt policies seems quite different in china compared to other countries. So the possibilities of following china by the other countries are less.

I don't think bitcoin can be ban if China has a regulation in terms of cryptocurrency. Yes China has their own rules and regulations somehow it cannot affect other countries about bitcoin. Bitcoin has been stronger until these days and I believe it has more development will happen in the near future.

It will be a bigger problem if other countries would follow suit.
But let's wait and see how things are actually going to get regulated first.

Other countries are following a completely different road: Japan, Australia, Russia etc. etc.

[newlone]

China's ban on the BTC has a huge impact on the ICO industry here and ico here strongly developed a great influence on BTC.
 Even so, it only affects a certain part of BTC not to the point of death BTC .

[jodoidao]

You just need to look on other sites that China banned- Google, Facebook, Youtube etc.
Are they are not still the most successful sites in their fields even with the china ban?

[Budugbass]

In my opinion bitcoin will not be banned, and although it is forbidden there will be many defenses from certain parties. And i think i'm sure bitcoin will still be used by many peoples even to the future.

[aso118]

You just need to look on other sites that China banned- Google, Facebook, Youtube etc.
Are they are not still the most successful sites in their fields even with the china ban?

Correct. But the problem is that other governments might follow in China's footsteps and decide to ban crypto currencies. It is unthinkable for a normal democracy to ban Google, not so unthinkable to ban Bitcoin. They can cite a variety of reasons to do so.

[jekjekman]

I dont know why but iam scared of bitcoin getting ban.
Because of the china situation is there any possibility that bitcoin will get ban in every single country

I think there is no way that Bitcoin will be ban as of now as it is an internation digital currency so meaning it can be use by anyone, anywhere at anytime if he/she has an access to the internet and computer. I think it is only regulations for bitcoin within each of the countries that will strengthen their authority regarding cryptocurrenies but they can't really ban it.

People who loves it and want to use it even though it is ban in their country will still find a way if they want it. Many people in power now is taking action against bitcoin because they see it as a threat in their motives. Just trust the system of bitcoin because the more publicity it gets the more increase will happen to its price.

[RYANWU]

To make a reasonable regulation on new technology will develop a more healthy environment.
or the bubble will become bigger and bigger!!

[HasHe]

I dont know why but iam scared of bitcoin getting ban.
Because of the china situation is there any possibility that bitcoin will get ban in every single country

China has not banned bitcoin and has just decided to regulate bitcoin exchanges and issue licenses.BTCC has voluntarily closed its exchange while he other two exchanges Okcoin and Huobi continue to run normally.Its all FUD which is spread to encourage panic selling due to which price fell down to nearly $3,100.But due to strong buy wall,it has immediately recovered and now its price is $3,950.More over,other countries situation is entirely different from china and they won't blindly follow china.So,no need to worry about that.

[maydna]

You can not compare the other countries with china they even have banned facebook. I didn't get surprise when they ban bitcoin. The govt policies seems quite different in china compared to other countries. So the possibilities of following china by the other countries are less.

I don't think bitcoin can be ban if China has a regulation in terms of cryptocurrency. Yes China has their own rules and regulations somehow it cannot affect other countries about bitcoin. Bitcoin has been stronger until these days and I believe it has more development will happen in the near future.

It will be a bigger problem if other countries would follow suit.
But let's wait and see how things are actually going to get regulated first.

Other countries are following a completely different road: Japan, Australia, Russia etc. etc.

great news and i am waiting for its happen later. yep china is not ban bitcoin and i think they makes people panic and they used the situations with their bad news to buy bitcoin in large amount. and now after they got large bitcoin amount, they are ready to waiting to sell bitcoin when bitcoin is in higher price.

[Paid Piper]

China's ban on the BTC has a huge impact on the ICO industry here and ico here strongly developed a great influence on BTC.
 Even so, it only affects a certain part of BTC not to the point of death BTC .

I agree with your comments that ban on ICO of China can affect bitcoin because china has great influence in bitcoin but it doesn’t mean that such kind of impact may cause death of bitcoin. Bitcoin is a decentralized currency and it cannot be controlled by China completely. I think a bit impact on bitcoin in the market will be for the time being and I hope bitcoin will get raise in his price once again in future. China cannot stop bitcoin.  

[Baby Dragon]

I dont know why but iam scared of bitcoin getting ban.
Because of the china situation is there any possibility that bitcoin will get ban in every single country

Well, some people get scared when bitcoin was banned because they know that it is one of the way to gain and make more money and income. In addition to that, if bitcoin was banned in every single country I think it has negative effect in bitcoin community and users.

[0t3p0t]

I dont know why but iam scared of bitcoin getting ban.
Because of the china situation is there any possibility that bitcoin will get ban in every single country

Here in my country national banks accepted the use of Bitcoin but they regulated exchanges for anti money laundering or use of any illegal activities. Just don't be scared because there are ways you can still use it even they prohibit the trade of Bitcoins in your country. You might use vpn's or tunneling connections. If all countries arround the world prohibit the use of internet then I can say that it's kinda scary but it is impossible to happen. Well for me yes there is a small chances that Bitcoin will be prohibited in every single country but not to the extent of having a total ban because people can still find ways to use it like  underground trading.

[9parlament9]

i forgot where did i see this?

you should invest in anything china banned: google, facebook, twitter etc.

it might be a joke, but it was true

[Vegeta_Sama]

See Bitcoin cannot be banned and your fear is one the reasons.
Can someone ban illegal download of movies , music , etc. The only way to stop making it's value worth totally nothing and I guess that's never gonna happen. Good luck!