Serious topic: how can we be sure Bitcoin will not be banned by most countries?

[bob123]

For me it is pretty unlikely to have Bitcoin banned in most of the countries. If several governments decide to ban the use/ownership/... of bitcoin (they can not ban Bitcoin as "technology")
we will have to follow their laws and are pretty helpless. Governments already showed us they "do whatever they want". It's hard to look ahead into the future.
But i still believe there are far bigger problems governments are/should focusing on. And Bitcoin will stay Bitcoin.

[Aleister Crowley]

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

In some cases, bitcoin will not be completely prohibited by most countries, as some countries consider bitcoin more important than fiat.
The possibility will not happen, I am also the holder. I think even bitcoin will find a place in many countries, many countries will receive bitcoin well, about russia this is only rumor not fact. The possibility that I see is that bitcoin will persist in the next 10 years.

[jekjekman]

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

You have a great question for a long term investor,

I think there is no way that a country can totally ban Bitcoin for their citizens to use as there is always a possible way for people to use whatever they want in life so maybe governments will only regulate it by creating a department that will monitor and give taxes to those people who uses it in a daily basis for their work or businesses, Bitcoin is the future of digital currency and banning it will not help instead accepting it with a good laws will make everyone okay.

We all know that Bitcoin is limited to 21,000,000 so by this I am confident that in the next years the price hike is inevitable as the supply is limited.

[iv4n]

I made a comment regarding this question, I will do it again for you. China didn't ban bitcoin, they banned icos and they did that because companies started to seek for investors in that way, and because many of startups are scams, and then they started to talk about legitimate exchangers. Russia will not ban bitcoin, they will do same as China did, they will ban all exchangers that they can't control, but legit exchangers will continue to work.
What ever they do will be a little problem for bitcoin, but that is all a little problem, nothing that bitcoin users can't handle.

[vipgelsi]

As long as the people who make the rules own Bitcoin they will not ban it. Problem is we have to get them on board first.

[Shamie1002]

I think that bitcoin in the near future is big money making me realize how would the government see this as a threat or advantage. Of course the government will announce wether it's legal or illegal.
So in short, there is nothing we can do if it will be banned and when it will happen. That is why bad images and issues should be eliminated for smoothe processes. This will keep bitcoin safe and with good purpose. As advice, I think that we should just be updated in bitcoin especially on how it is being used in our countries. It will prepare us tho.

[Dan D. Lion]

It seems that governments are controlled by giant corporations, therefore the question might also be asked, how will these corporations view Bitcoin in the future?  If the corporations want it around, it will be around, and if they want it eliminated, it will be, to the extent they can actually accomplish it, eliminated, or radically marginalized.  So we are more at the mercy of these corporations I believe.

[gabbie2010]

Bitcoin cannot be ban by all the countries so keep your investment intact and be optimistic that the prices of bitcoin will continue to rise.
Although there some illegalities being perpetuated by some scrupulous individuals using bitcoin e.g money laundering, terrorism funding, this is  why some countries are taking drastic steps to prevent such nefarious activities, but this does not amount to the fact overall banning of bitcoin.

[pat4cryptoreal]

I think banning of bitcoin by most country can not totally stop the usage of bitcoin because from on set bitcoin was not meant to be accepted by government. Bitcoin is  the currency of the people not the currency of government. Relax, you are investing in unstoppable technology.

[patt0]

Well first you can't make sure that bitcoin will not be banned. That decision can only be made by governments, and unless they ask for it's citizens decision by making a referendum, then there is not much you can do about it. Unless they would talk about it in a campaign, and then you wouldn't vote for them etc. But in the end there isn't much you can do to stop them, if they want to. You can of course ignore their decision, and use bitcoin anyway. It would be a risk, because you could get caught, but it would be possible to do it.

Anyway I don't really think that will happen anytime soon. Just take a look to Japan and Switzerland. I think most countries will have that approach. Of course that if bitcoin becomes a real threat to them, maybe they will attempt a ban, but if regulation gets done well, it shouldn't happen.

[annbagira]

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

Hello author! To be sure this is "normal" and predictable situation...You can open your eyes and just looks all over around the world what you see?
I can say to you what I see. I see the Wars , poverty,  greedy, violence, diseases and I am not a pessimist I just try to say in how unstable position all we are living! In every minutes we can hear about some awful things like Syria, Donbass, Korea etc

[Roman Abraham]

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

I hope that will not happen, but if we have to face the worst possibility that will happen and if one day bitcoin banned in many countries, then what I will do is I will still collect bitcoin, and if my bitcoin pretty much, I'm going to vacation in a country that still legalized bitcoin and redeems the bitcoin I have there, I think that's a pretty good choice.

[Frank0209]

I think Bitcoin will not be banned in every country cause there are few countries that legalized Bitcoin for years so this case will never happen in here. Beside, countries like China or Russia,....ban Bitcoin because their technology still not good enough to control Bitcoin to overcome the drawbacks of Bitcoin so they banned it to make sure that nobody can take advantage of Bitcoin to do bad thing. I think when their technology better and they have enough ability to control Bitcoin they will unban it soon. Just wait.

[muncuss]

I made a comment regarding this question, I will do it again for you. China didn't ban bitcoin, they banned icos and they did that because companies started to seek for investors in that way, and because many of startups are scams, and then they started to talk about legitimate exchangers. Russia will not ban bitcoin, they will do same as China did, they will ban all exchangers that they can't control, but legit exchangers will continue to work.
What ever they do will be a little problem for bitcoin, but that is all a little problem, nothing that bitcoin users can't handle.

poor country who ban bitcoin. Bitcoin has great and useful tech behind it. I hear England or US save $20b because using blockchain in something system. Russia and China not fool enough to trash this great thing

[helars2008]

As of now there is really no assuarance that bitcoin can last forever.
Countries can do anything they seem fit to bitcoin and other cryptocurrencies.  The only thing we can do right is to continuously promote bitcoin among other and hoping that it may reach the ears of politicians who will be so eager to shutdown bitcoin.

[Dan D. Lion]

I made a comment regarding this question, I will do it again for you. China didn't ban bitcoin, they banned icos and they did that because companies started to seek for investors in that way, and because many of startups are scams, and then they started to talk about legitimate exchangers. Russia will not ban bitcoin, they will do same as China did, they will ban all exchangers that they can't control, but legit exchangers will continue to work.
What ever they do will be a little problem for bitcoin, but that is all a little problem, nothing that bitcoin users can't handle.

poor country who ban bitcoin. Bitcoin has great and useful tech behind it. I hear England or US save $20b because using blockchain in something system. Russia and China not fool enough to trash this great thing

But wouldn't most countries, especially the more authoritarian ones, see Bitcoin as a major threat to their fiat currencies (because of their inability to manipulate and control it like they can with their own fiat), and hence a major threat to their ability to control their economies and their populaces?

[Victorycoin]

when some countries ban bitcoins, some other countries will accept it to have the hot money in, unless all the countries come to an accord, that's impossible.

A number of countries already tried to ban Bitcoin, but soon reality dawned on them that banning something that is free and decentralized is not all said and done and those that have already experimented with such possibility now know that it's Bitcoin's time and so attempts to point people the other way backfired - much more people are now curious about Bitcoin

[Kingofbitcoin12345]

Serious Answer::

The most effective way to counter the government is the people itself,, so everyone of us in this community must contribute to bring awareness to all our countrymen,, so in times that the government make a decision they will think about the huge number of users and investors that might be angry to them when they do banned bitcoin.. And those officials are greedy for voting power,, as election is about the will of the people..

[Arkann]

Now you can already be sure that most countries no longer prohibit crypto currency. This is evidenced by recent events, where virtually all countries recognize the crypto currency and there are practically no countries where it would be completely banned. However, even if most countries banned it, it would go openly to the rest of the territory, and where it was banned, it would have a hidden walk.

[alyssa85]

It won't get banned everywhere.

Basically the strong countries will embrace bitcoin in the hopes of stimulating a new fintech economy  - this is Japan's strategy, and it looks like it is successful. After they legalised it, some big ISPs announced they were getting into mining.

Weak countries with capital flight problems will ban it. China, Russia, and so on. And they will end up getting further behind.