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Author Topic: what will you do if your country bans bitcoins?  (Read 5695 times)
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November 07, 2017, 02:39:26 PM
 #121

It doesnt matter for me, Im from Russia now  Grin

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November 07, 2017, 02:41:46 PM
 #122

I hope it will never happen, and I do not know what to do when it does happen, maybe I will continue using Bitcoin but I have to be careful when Bitcoin is banned in any country, which means who is trying to use Bitcoin , would be a crime and they would be punished for their actions. But I think there are still some ways to use a program like VPN to hide my IP address
That can be an alternative to just use bitcoin in your country if they will ban it but for me, there is no good reason for banning bitcoin because if they will ban bitcoin then they will not get the possible benefit and potential that bitcoin has and that is why the countries right now might not ban bitcoin and instead they will accept it as a great currency.

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November 07, 2017, 02:44:30 PM
 #123

I will use vpn and try to find people to change bitcoins.

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November 07, 2017, 02:46:19 PM
 #124

I guess the titles says it all. What will you do if that happens?
I am not sure how they will do that but if they ban bitcoin I guess I will still use it.
They can ban bitcoin but they can ban me from going to country next to me and sell it to someone and certainly they can't ban me from using it in any way.

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November 07, 2017, 02:48:32 PM
 #125

If my country prohibits bitcoin, I can only choose to give up bitcoin, this is no way. However, I will always pay attention to bitcoin, and I believe Bitcoin will become increasingly influential around the world. I will wait until my country is willing to accept bitcoin.

Yes, well then i would have to give up on bitcoin because once my country chooses to ban, I wouldn’t take the risk of illegally possessing coins because I still fear our land’s laws and respect it. It would sadden me of course, but I’d rather be a law abiding citizen honestly speaking. I wouldn’t want this to happen and I strongly believe that in the future, most countries would have positive outlooks for bitcoin and perhaps even better - would choose to adopt them. Bitcoin is on the path towards better adoption worldwide.

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November 07, 2017, 03:02:08 PM
 #126

I guess the titles says it all. What will you do if that happens?

If that happens to my country, well, I'll still use Bitcoin. COz what i have understood regarding this question is. Governement will only prohibit any Bitcoin related transactions inside the country, I think they cannot totally phase it out since Bitcoin can be used Internationaly.
But im pretty sure this scenario will not happen here in my country , Government is starting to embrace the Idea of Cryptocurrency. We already have an exchanger and can easily convert it into our own currency , and its legally registered. So why are u afraid of the possibilty just be positive Bitcoin is Decentralized and it cannot be controlled by anyone, not even the Government.

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November 07, 2017, 03:15:44 PM
 #127

well as for me in such scenario i will moved further to the next country were bitcoin is not ban and still acceptable, i wouldn't like to be a victim but in my country bitcoin is really going round.

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November 07, 2017, 03:22:51 PM
 #128

My country forbids bitcoin? that's hard for me, what's more for a new to know about bitcoin. But I think when bitcoin prices are as high as it is now it might not will happen   Embarrassed Embarrassed Embarrassed

I just can change IP on my Computer if  that happen  Grin Grin Grin

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November 07, 2017, 03:25:56 PM
 #129

Well life goes on if that happens then I am just gonna continue my work at the office or even try looking for a job that offer a lot of salary which can afford my habitual of expense and try establishing a business of my own.

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November 07, 2017, 03:39:22 PM
 #130

I guess the titles says it all. What will you do if that happens?
For the fact that I am holding bitcoin now I.e buying and selling anonymously without the interference of any government agencies invariably the government that does not know that I am holding bitcoin cannot ban it, and this is one of the most outstanding feature of bitcoin not decentralized. I do exchanged to fiat most of the time without the knowledge of anybody.

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November 07, 2017, 03:45:47 PM
 #131

It doesnt matter for me, Im from Russia now  Grin
What happens when you are from Russia,do you think that you are good enough to get things rolling  Tongue I am not sure what i will be doing if the government bans all the exchanges in my country. I have to find alternative sources to buy and sell bitcoin,which i think will be expensive once you get a ban.
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November 07, 2017, 03:49:41 PM
 #132

if my countries ban bitcoin, i will have no choice but using my bitcoin in other countries that accept bitcoin for buying and trading then ship them back to my country. but nowaday every countries are getting accepting bitcoin, so it will no longer until the world accepted bitcoin.

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November 07, 2017, 03:51:10 PM
 #133

I will exchange all of my bitcoins into ALT coins, my country cannot possibly trace all types of altcoins. I expect that the other cryptocurrencies will still be able to play as an electronic money.

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November 07, 2017, 03:52:13 PM
 #134

I think i will travel to another country if the bitcoins get banned here because if bitcoins get banned i can't make so much money with bitcoin anymore and i won't have any use in bitcoin if i can't buy anything with it.
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November 07, 2017, 04:05:11 PM
 #135

If my country bans Bitcoins, there is nothing much I can do but be amenable to it. Simply put, moving on is key! Nonetheless, I do not think our government can ever do so IN AN INSTANT because it would require for them to spend so much to track down all transactions that pertain to Bitcoins. It will not be easy for them; nevertheless, I have to prepare for it if ever that time comes. As they say, let us cross the bridge when we get there.

I am not entirely sure how everything will be when banning will be executed for good. I am a bit scared but we have to submit ourselves to governmental control for the good of majority.

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November 07, 2017, 04:06:19 PM
 #136

I guess the titles says it all. What will you do if that happens?

 Shocked

Oh I did not see the title... Joking.

" what will you do if your country bans bitcoins? "

well, my country is country of third world and in legislative Assembly politicians spend hours sleeping or are discussing personal life, technologies are little explored and the members of the party that governs of my country they exploit every opportunity they have to get rich and leave the poor to depend of luck. That being said if I was someone rich and banned bitcoin in my country, I would simply move to another country.

Only someone who has no money would stay in their country if they banned bitcoin in their country.


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November 07, 2017, 04:07:26 PM
 #137

but the prohibition is only limited as a medium of payment using bitcoin, while in the case of bitcoin ownership has not been banned, if bitcoin later on banned both as a medium of payment and ownership of bitcoin, then all traders in the country we will be trading in the market outside our country, because until now bitcoin is only used for trading

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November 07, 2017, 04:09:03 PM
 #138

There are many bitcoin users in our country and if that happens. Im sure that a lot of bitcoin users will appeal it in the court of appeals. They will explain why banning bitcoin is wrong and they must first learn about bitcoin and the uses of bitcoin before they restrict the use of it. Bitcoin is a source of extra income in our country and it is helping a lot of people that has no stable job. They must first establish a convincing reason why to ban bitcoin. They must also educate their-selves about bitcoin so they know how to use it and they might change their decision.

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ruzel13
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November 07, 2017, 04:11:09 PM
 #139

I guess the titles says it all. What will you do if that happens?
I will still buy and trade bitcoin because I can use it for international transactions like online payments such as buying software and games. They can ban bitcoin but they can not stop it.

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Momoamzad
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November 07, 2017, 04:28:37 PM
 #140

Cheesy I don't think bitcoin will be banned by my country cause our government is already very much concetraed about online marketing and digital marketing &they know very well that they got high fees from digital currencies and it also improved our economy  &  solving unemployeement problems Smiley

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