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Author Topic: Will Bitcoin get banned ?? Will it happen.  (Read 865 times)
cryptoon007
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November 24, 2017, 08:19:50 AM
 #21

The main problem or cause I can see if it's anonymity; governments can't track down Its users and thus even criminals can evade detection. That's why, I believe, Russia is planning to create Its own cryptocurrency known as the Rubblecoin to deal with this threat. Even China is very critical on Bitcoin, with strict laws on it. But Bitcoin will continue going strong.
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Anco_Marzio
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November 24, 2017, 08:58:53 AM
 #22

Surely, governements will try to stop somehow; but due to the very nature of bitcoin, it will be pretty impossible.
They can only stop bitcoin use in usual economy, not in deep web

theborngeek
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November 24, 2017, 05:15:23 PM
 #23

Surely, governements will try to stop somehow; but due to the very nature of bitcoin, it will be pretty impossible.
They can only stop bitcoin use in usual economy, not in deep web

The more they stop is when the more expensive it becomes. History is the answer, whatever has been banned and legal in some places is really expensive to get hands on.

The main problem or cause I can see if it's anonymity; governments can't track down Its users and thus even criminals can evade detection. That's why, I believe, Russia is planning to create Its own cryptocurrency known as the Rubblecoin to deal with this threat. Even China is very critical on Bitcoin, with strict laws on it. But Bitcoin will continue going strong.

More than anonymity, i believe governments are more afraid due to the transparency in this transactional technology which will not allow various governments to get away with the scams.
SamPo
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November 25, 2017, 07:03:04 AM
 #24

Many might already have read about this in the past one week.

One of my friend who works at one of the bitcoin BTC company in india has confirmed to me that he has indeed heard his exec manager talking about an official notice which government has sent out to them to submit the details of business after which there is tensed atmosphere in office.

I however have not been able to confirm if this was a full ban notice or an audit notice from government.

What do you think about it. ??


https://inc42.com/buzz/cryptocurrency-bitcoin-india-cme-group/


Maybe, in some other countries as far as I know bitcoin is already banned. In other countries as what I heard bitcoin is illlegal. There is a possibility that it will be banned because government is not earning taxes or cannot get tax in bitcoin.
Tuulola
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November 25, 2017, 09:19:44 AM
 #25

Government control will not affect Bitcoins outright because of its decentralized nature. I don't think it can be ban,however there might restrictions.


Exactly. I don't think it can be banned, only restrictions.
amaldubai
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November 25, 2017, 01:06:38 PM
 #26

Maybe,there is a possibility, but not for all countries,in some other countries as far as I know bitcoin is already banned. In other countries as what I heard bitcoin is illlegal. There is a possibility that it will be banned because government is not earning taxes or cannot get tax in bitcoin.but in the furture goverment will get some tax rulls definitly.bcz if not there stock market will get down.
Markupoltit
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November 25, 2017, 01:42:30 PM
 #27

Many might already have read about this in the past one week.

One of my friend who works at one of the bitcoin BTC company in india has confirmed to me that he has indeed heard his exec manager talking about an official notice which government has sent out to them to submit the details of business after which there is tensed atmosphere in office.

I however have not been able to confirm if this was a full ban notice or an audit notice from government.

What do you think about it. ??


https://inc42.com/buzz/cryptocurrency-bitcoin-india-cme-group/
I think will happen if bitcoin get banned is bad,because bitcoin can help a poor people.Just for example you have no job so you can join in bitcoin so you can earn money to help your family or the things you need.I ll think to bitcoin because bitcoin will help me to earn money so i can buy the things i need.
gabmen
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November 25, 2017, 02:22:34 PM
 #28

Its happening already. Not only in india but other eastern countries like china doesn't see bitcoin that well. Though i these bans are temporary and we these governments are probably just finding ways to at least regulate it. I think china has softened its stance about exchanges already

amaldubai
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November 25, 2017, 04:21:31 PM
 #29

Maybe,there is a possibility, but not for all countries,in some other countries as far as I know bitcoin is already banned. In other countries as what I heard bitcoin is illlegal. There is a possibility that it will be banned because government is not earning taxes or cannot get tax in bitcoin.but in the furture goverment will get some tax rulls definitly.bcz if not there stock market will get down.
theborngeek
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November 28, 2017, 12:58:03 AM
 #30

Maybe,there is a possibility, but not for all countries,in some other countries as far as I know bitcoin is already banned. In other countries as what I heard bitcoin is illlegal. There is a possibility that it will be banned because government is not earning taxes or cannot get tax in bitcoin.but in the furture goverment will get some tax rulls definitly.bcz if not there stock market will get down.

At the current rate i don't think it can be stopped anymore. Its only during a fall and outburst of normal people will the coin be banned.
PandoraTV
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November 28, 2017, 01:22:50 AM
 #31

It is not very likely that they will succeed - but of course they may try, at least in some countries. I think Zimbawe already tried. The result is that Bitcoin is now more expensive there.
theborngeek
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November 28, 2017, 02:02:58 PM
 #32

It is not very likely that they will succeed - but of course they may try, at least in some countries. I think Zimbawe already tried. The result is that Bitcoin is now more expensive there.

Its an highly inflated currency
therhslv
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November 28, 2017, 02:05:13 PM
 #33

I think goverments will start just start to regulate it more and thats it , there is no reason to ban it at the moment , but who knows . Alot of things can happen .

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allohha
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November 28, 2017, 07:29:27 PM
 #34

already those times that were forecasted at the beginning of this year. Look at the exchange and see how the price of Bitcoin has passed the threshold of $ 10,000. I think that many were afraid of such forecasts, but we reached the next maximum.

ave_sema
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November 28, 2017, 07:33:44 PM
 #35

I don't know, but i think there is no difference between bunned and unbunned bitcoin, becouse goverment can't controle it.
Excellence91
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November 28, 2017, 07:40:20 PM
 #36

I dont think Bitcoin can be banned.... You can't ban what you can't control, The government can't control it so they can't ban it.
Hans17
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November 29, 2017, 10:41:10 AM
 #37

Many might already have read about this in the past one week.

One of my friend who works at one of the bitcoin BTC company in india has confirmed to me that he has indeed heard his exec manager talking about an official notice which government has sent out to them to submit the details of business after which there is tensed atmosphere in office.

I however have not been able to confirm if this was a full ban notice or an audit notice from government.

What do you think about it. ??


https://inc42.com/buzz/cryptocurrency-bitcoin-india-cme-group/

I think No , bitcoin as of now , the bitcoin is growing , Why would it ban? , and it's increasing though , it's just illegal on other countries , but I think bitcoin would not be ban. Many investors and businessman , entrepreneur and so all are investing here in bitcoin.

But if bitcoin ban , there is one reason I think , the reason is bankrupt  or it became , or suddenly vanish.

Jarx
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November 29, 2017, 11:30:14 AM
 #38

Totally not. All the vanity around cryptocurrency will settle down and that currency will be used only by short number of IT companies and much shorter number of IT freaks. No necessary to ban it.
m_01
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November 29, 2017, 12:12:04 PM
 #39

Its not going to happen in near time

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Babebottle
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November 29, 2017, 12:26:22 PM
 #40

Of course not, how can the GOV know you are trading BTC?
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