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Author Topic: what will you do if your country bans bitcoins?  (Read 5712 times)
krisnt80
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November 11, 2017, 03:46:46 AM
 #261

I really dont care if my country will ban bitcoin, the only bad thing is i will be forced to do my transactions with small ammounts to dont let the banks to frozen my account due to its activity. I would see those behaviour to make the price to became expensive then the real value, since all would be taking risks dealing with it. Besides that fact of paying premium value for bitcoin i wouldnt stop using and investing it because the country banned it, im a free person and i choose where and when i do wanna to spend my money.

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November 13, 2017, 08:20:09 AM
 #262

Well as a citizen, we.have to obey the laws. We are living here for free and the government provides us for our basic needs like security and protection, house and lot etc. And if that happens, of course i'll stop. I don't have any choice but to follow the law.
Yes an every citizen is bound to abide all the rules and regulations of a country so no one is not above the law, as for as our country is concerned the government is not even thinking about bitcoin as most of the people don’t know about the detailed knowledge of  the new world of bitcoin and its legal position in the market.

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November 13, 2017, 08:28:15 AM
 #263

My country bans Bitcoins but it hasn't stopped me from trading with it. All i need is internet and am on with the crypto world.

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November 13, 2017, 08:44:31 AM
 #264

I will be sad if my country ban bitcoin. I cant do anything if that is the decision of my government. And i will look for another way to earn money.

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November 13, 2017, 08:48:16 AM
 #265

Is Bitcoin so easy to ban? In any case, there are many ways to convert Bitcoin into legal tender.
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November 13, 2017, 08:51:08 AM
 #266

If that happens, many will actually protest here in our country, because the bitcoin users are growing up here. But it's impossible to happen here in our country because we are in democratic government, and I think that bitcoin banning is against in human rights.

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November 13, 2017, 09:01:38 AM
 #267

My country can ban bitcoin but not dollars so if ever this would happen I just convert my bitcoin earnings into dollar account then transfer to my peso account whenever I need it..I need to obey my countries rule but I also need bitcoin because it's my source of additional income and honestly it helps me a lot. I am financially stable now because of my bitcoin earnings.
It is regretted with great concern to use abusive words about any ones government you should keep great respect of your country in your heart as it provides you the basic health facilities as well as it provides you the security you needs and I think that government will not ban bitcoin because it is a best source of earnings for the people of a country.

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November 13, 2017, 09:06:02 AM
 #268

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

I will continue my life as it is. Life must go on they say. I will continue my life and do stuffs that can help me build a brighter future.

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November 13, 2017, 09:08:24 AM
 #269

I will just continue using bitcoin even though bitcoin wil be banned in our country because bitcoin have many uses, a can buy online in other country using bitcoin, in that way i can also gain goods through bitcoin

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November 13, 2017, 09:18:03 AM
 #270

It has not happened in my country. But I am also scared of this situation. Maybe, I have to use the foreign exchanges.


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November 13, 2017, 09:37:46 AM
 #271

I guess the titles says it all. What will you do if that happens?
If bitcoin banned in my country, i will start to find a job and work really hard so i could have a new source of income because i cannot finish my studies if i just lay in my bed. Even it is very painful to me that i cannot use bitcoin anymore i cannot do anything because the government say so.

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November 13, 2017, 09:42:57 AM
 #272

The fact is my country banned bitcoin, but what I feel does not have any impact, I can still exchange bitcoin in exchanger and I get information that exchanger is paying income tax from bitcoin transaction.

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November 13, 2017, 09:47:09 AM
 #273

Can not ban bitcoin. I'm sure . Any country can not ban bitcoin because bitcoins are not allowed to be managed by others. if bitcoin is banned. it will not be bitcoin.
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November 13, 2017, 09:50:00 AM
 #274

It would be difficult for them to ban it when its not used in day to day life in most places. Also they would have to recognise it as a currency or of value to do that which they currently don't do. It would complicate things for them to explain why a figure on a digital screen is any different to what they do with the banking system.

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November 13, 2017, 11:48:33 AM
 #275

That is a a very hard question. I could not imagine that situation because my life now is focused on bitcoin so if our government would do that, I and my fellow crypto supporters will make a stand to make that not to happen because bitcoin is helping us by means of financial a lot.

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November 13, 2017, 11:59:01 AM
 #276

If the regulation against bitcoin makes me got bust by law enforcement , well it's time for me to stop using bitcoin since it's not worth of the risk.

I know my government still not legalized bitcoin yet because it's popularity still quite low compare with other country that already use bitcoin as legal transasction
To obey all the rules and regulations of a government is the primary duty of every citizen so I think that government is a body which is regulating all business of the country in the best interest of public service as it provides safety and security of the public.
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November 13, 2017, 12:00:36 PM
 #277

It does not matter if that happens maybe just a ban because our country will not do that and we as citizens highly appreciate the rules that apply, and if the ban is really applied then we will just be silent and follow the rules, but if bitcoin is prohibited in our country if there is a clear reason for anyone to be hurt? Yet if the government understands about bitcoin can be a source of state income that can develop the country's economy.

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November 13, 2017, 12:04:44 PM
 #278

I think i need to go to the place where bitcoin is legally accepted and then i will convert my bitcoin to their local money and back to my country again. Or i will migrate to that country and continue to earn bitcoin.

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November 13, 2017, 12:09:32 PM
 #279

If my country bans bitcoin I will respect in their right, but I will be confused because I can get any source of my income. I will not have a salary that is large. But my country is not going to do that because bitcoin can help everyone's life and can sustain our daily needs.

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November 13, 2017, 12:11:10 PM
 #280

The fact is my country banned bitcoin, but what I feel does not have any impact, I can still exchange bitcoin in exchanger and I get information that exchanger is paying income tax from bitcoin transaction.
I'm not sure how accurate is the information, because it's not that much easy to make each and every bitcoin transaction taxable. Even after banning bitcoin, using is possible but I don't think government has created plans to keep trace of each and every transaction for taxation purpose which is highly impossible.



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