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

[hakuna]

In my opinion, bitcoin will not be banned. Too many banks are investing in blockchain technology. They will spread FUD just to buy them at lower prices, but, at the end, bitcoin will be accepted at a global level.

What I think is that in the next years governments will work on regulating bitcoin exchanges and taxes, and bitcoin will be used daily.

[roshanface123]

It never gonna happen . Because bitcoin is a cryptocurrency which is spreading all over the world.Main focus of bitcoin is trading and also we can use it for the other purpose [ such as shopping, medicines ,trip tickets .....etc] .Yes,some of them are using this bitcoins for criminal activities but that never be a reason to barn it.The accessibility of bitcoin is increasing day by day so barn this cryptocurrency is not at all easy,it's only my opinion.

[Sadlife]

Surely they can ban bitcoin but they can control or prohibit people into not using it. As long as people have internet they will use bitcoin even in the past years when bitcoin was still widely use in dark and deep webs people still despite that its illegal. So how much more now the digital currency have grown even bigger and price is getting due to the increase of demand. This government dont understand that they cant stop BTC.

[the_hillman]

I think it would be very unlikely for all countries to ban it unless it significantly changed the world order by completely undermining all the major currencies. It's no-where near that at the moment.

I'm hoping that governments are more likely to regulate cryptocurrency and tax it.

[mobnepal]

Bitcoin will be legalized by most of the countries and only countries ruled by noobs will stand against bitcoin always like my Country.
Nepalese government have just heard of the word bitcoin and out of anxiousness they made it illegal for trading.

But how any government gonna ban the use of bitcoin? If you are willing to accept bitcoin as payment and another guy is ready to pay you in bitcoin, how government gonna stop such peer to peer trading? They can ban bitcoin trading platform operating in the country but they can't stop the use of bitcoin.

[DoublerHunter]

We just need to show to the government officials that they need to pay attention to the cryptocurrencies like bitcoin which is a great upgrade or addition to the financial system that they have right now and we just need to tell that Japan is one of the countries that already accepted it and the country of Japan is having a good results in bitcoin so if we will tell those reasons to the government or even show it then they will not ban bitcoin for sure.

[truthstalker]

We can't. It seems China, Russia and north korea are against the currency right now. But other countries really havent made much of a statement. I think the USA and the UK embrace it and aren't threaten by it. but if every country did ban it it would hurt bitcoin but wouldn't completely destroy it. it would just be considered illegal to use.

[fragout]

Well they have (governments) a nice skiing holiday in Davos every year (world economic forum) where they discuss how they will rule the world for the next year or the G20 and if they all agree here to a blanket ban of exchanges and even crypto itself, there is not much anyone can do about it. Sure btc will survive underground but no average person will use it or more importantly for the price anyway, institutional investor are gone

[Searing]

You want to see bitcoin banned by a lot of countries....see its value from the close to 5k it is now to say 50k in 6 months....

banker fud/fea3/etc all hell would break loose politically across the world..the powers that be would be frigging out of their mind with wtf!!!

if that was the case, they could try, but by that point, it probably would be moot....

anyway, a scenario not likely based in reality...

[junoreactor]

Well they have (governments) a nice skiing holiday in Davos every year (world economic forum) where they discuss how they will rule the world for the next year or the G20 and if they all agree here to a blanket ban of exchanges and even crypto itself, there is not much anyone can do about it. Sure btc will survive underground but no average person will use it or more importantly for the price anyway, institutional investor are gone

Hopefully this never happens  

[MiddleFingerToTheMan]

I have zero doubt in my mind that the USA will ban exchanges eventually. This WILL happen, mark my words. However there will be countries like Switzerland, Japan etc who will welcome the new business with open arms. Switzerland is already seen as a safe haven for crypto. The big US exchanges will move to offshore locations & the price will begin to recover again, similar to the whole China Fiasco. Furthermore we are moving to decentralized exchanges, when this happens there will be zero stopping bitcoin. It will win out in the long run.
Have faith in the technology, HODL & buy the dips along the bumpy ride. The US banning exchanges will be the last FUD weapon left in the arsenal, I hope it happens sooner rather than later just to get it out of the way.

[Xenrise]

Well do not worry it will not happen. I mean it is dependent on what bitcoin will give on the country. Well in China, they banned ICO. Because the case was they referred it to as scam.

[Kava]

I think that this is unlikely, but even if bitcoin is banned, then on the Internet it will be possible to circumvent this ban and then exchange bitcoin for other currencies that are not prohibited.

[rodel caling]

i believe bitcoin should be on top in the world in currency as decentralized crypto currency legality of bitcoin are helping to people of every republic bitcoin guve decent job for the unemployed people and helping to the economy bitcoin have potential to grow with the altcoin i don't think bitcoin goes banned.

[emberbekas]

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.

The chance for most countries to ban bitcoin at the same time will be very small. But if it just your country who will ban it, I think you don't need to worry. They will give you time to convert and withdraw your money before they applied such new rules regarding the ban.

[Ludmilla_rose1995]

in my opinion, bitcoin will still exist and it is impossible if almost all countries forbid it. although there are some countries banning bitcoin trading, I think it is a game of state government that they want bitcoin prices to go down and buy lots of bitcoin at cheap prices. that's my opinion

[farhaan]

Its highly impossible to ban bitcoin in all countries.If they want to do so,then they would have to ban the internet completely which is not possible.If it had been possible to do so,US and many other countries would have banned bitcoin much earlier and by this time,bitcoin would have disappeared.

China and Russia have not been comfortable with bitcoin from the beginning.We cannot expect all the countries to have the same view about bitcoin as they have.We recently saw another asian country,japan a big economic giant legalized bitcoin.Vietnam,Australia,India are soon to legalize bitcoin.

So,its not possible to ban bitcoin.

[pearlmen]

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.

First thing first, you don't know and there is no way for us to know as well.  Aside that, I stop bothering myself about issues like that several times ago since I started my journey into bitcoin because the feeling of being banned, I took some decisions and more than 1 year down the line, bitcoin is still standing and waxing stronger. Rather than been bothered about when they will find a solution to the banning of bitcoin, I would rather concentrate that on spreading its knowledge so that the population involved would force the hand of government to a favourable conclusion.

[btcprospecter]

I think it would be very hard for every country to ban bitcoin, even if some do and prices fall it would be wise to buy in then as well because the countries that ban it would most certainly be buying as well.

[pawanjain]

Bitcoin is a decentralized currency which means it can be banned only by the government of the nation. It cannot be banned world wide.
The only possible way to ban it world wide would be if all the nations ban it together which I don't think will be happening seeing the growth rate of Bitcoin and the adoption of BTC by many countries. Bitcoin is going to stay here for long and might be the top most selling asset in a few years.
Bitcoin is being used by majority of the population and so it won't be getting a ban anytime soon.