Will You Still Get Into Bitcoin Even if the Gov't Declared it Illegal?

[Samarkand]

...If some governments ban it there will always be others that will endorse it.

This just shows how antifragile Bitcoin is to political attacks.

I wholeheartedly agree with your statement. If one of the superpowers like the US decides
to ban Bitcoin it immediately becomes very attractive for other superpowers like Russia
or China to start to support Bitcoin publicly. This feature really serves as a defense against
potential enemies in the form of individual states.

However, none of the superpowers have really banned Bitcoin so far and only
certain small countries like Morocco or Vietnam have done it, which hasn´t really
impacted Bitcoin adoption in these countries. They were negligible in terms of Bitcoin
adoption to begin with. This decision could really hurt these countries in the long-term in my
opinion.

[Rajamuda]

For me personally, I'm more thinking as long as I don't to harmful to the others people or deceiving people / committing crime with using bitcoin as a media, I will remain in it.
Anyway.. in the country where I live hasn't really banning completely to engage with bitcoin, the goverment only reminds to be cautious in the activities undertaken and not ban to selling it to local currency. I don't think it seems would be banning completely, due Bitcoin can helping a finances & reducing poverty.
If it's completely banned.. as a good citizen maybe I will follow the rules and stop engaging with bitcoin.
And for now, I can only take the advantage of the situation as best I can do to gain profit from bitcoin earnings / crypto currency.

[Bustart]

For me personally, I'm more thinking as long as I don't to harmful to the others people or deceiving people / committing crime with using bitcoin as a media, I will remain in it.
Anyway.. in the country where I live hasn't really banning completely to engage with bitcoin, the goverment only reminds to be cautious in the activities undertaken and not ban to selling it to local currency. I don't think it seems would be banning completely, due Bitcoin can helping a finances & reducing poverty.
If it's completely banned.. as a good citizen maybe I will follow the rules and stop engaging with bitcoin.
And for now, I can only take the advantage of the situation as best I can do to gain profit from bitcoin earnings / crypto currency.

Maybe for the benefit of your reputations you can stop using bitcoin in general spending, but I don't think you will stop yourself in earning bitcoin for your personal use and digital wealth online. Because I think that bitcoin if become illegal in the country from where you're residing of, you will not be having a resistance of using the internet. Nowadays we could be able to use internet anonymously, so bitcoin transaction can be still done but in a confidential matters.

[sindikat]

The ban of bitcoin in one or several countries will not have consequences. To earn bitcoin on the Internet outside the jurisdiction of these countries. You can always go to another country to cash out bitcoins and to return to the country with Fiat. This creates additional inconvenience but does not stop the use of cryptocurrencies.

[Dreamchaser21]

The ban of bitcoin in one or several countries will not have consequences. To earn bitcoin on the Internet outside the jurisdiction of these countries. You can always go to another country to cash out bitcoins and to return to the country with Fiat. This creates additional inconvenience but does not stop the use of cryptocurrencies.

Government should support this great technology or they are just being scared because its Decentralized. I will keep on holding my bitcoin because I know time will come that more people will accept bitcoin and it includes every government. Cryptocurrency is a digital currency thay will makes us more better.

[Hamphser]

The ban of bitcoin in one or several countries will not have consequences. To earn bitcoin on the Internet outside the jurisdiction of these countries. You can always go to another country to cash out bitcoins and to return to the country with Fiat. This creates additional inconvenience but does not stop the use of cryptocurrencies.

Government should support this great technology or they are just being scared because its Decentralized. I will keep on holding my bitcoin because I know time will come that more people will accept bitcoin and it includes every government. Cryptocurrency is a digital currency thay will makes us more better.

Regarding or concerning indirect cashing out then it wont really be a problem since we can really make hidden transactions if we do want to.Knowing that bitcoin does really have this capability and one of the reasons why government doesn't easily convinced or considered bitcoin to be adopted. We do have high hopes for them to accept it but I would say that no matter what we do hope if government would decide or give jurisdiction about on a certain thing then it cant really be easily removed.

[squatter]

I'm already in. Would I leave? I don't really see why I should when it was perfectly legal when I arrived. And the coinciding announcement would wallop the price so much there wouldn't be much point in selling. I'll just nip off abroad. There'll be plenty of jurisdictions where it's fine and I can bring all my trillions with me on a piece of paper with a few words on it.

That's easy to say when Morocco or Vietnam talks about banning Bitcoin. What if the USA, Britain, Australia and others coordinated a ban? Then your options to move abroad become much less attractive.

And such coordinated state attacks against the network should take a nice bite out of the price, too. I suspect that Bitcoin would still have market demand in that case, but not the type of demand we see today, which is based on speculation of Wall Street and mainstream adoption.

[Aikidoka]

Honestly, I would not. Once it gets illegal, I can do nothing but going back to my normal life hoping that they would legalize it one day. And at the moment, bitcoin is neither legal nor illegal. I can use it for whatever purpose I want as long as I do not use it for illegal purposes like buying drugs.

Moreover, the government would not get any benefits from banning bitcoin because it would prevent many people from working. And if they were not working, they would complain to the government about being unemployed. Therefore, they would rise an issue to the government.

[rosebrand]

Honestly, I would not. Once it gets illegal, I can do nothing but going back to my normal life hoping that they would legalize it one day. And at the moment, bitcoin is neither legal nor illegal. I can use it for whatever purpose I want as long as I do not use it for illegal purposes like buying drugs.

Moreover, the government would not get any benefits from banning bitcoin because it would prevent many people from working. And if they were not working, they would complain to the government about being unemployed. Therefore, they would rise an issue to the government.

True, if bitcoin is forbidden, we can not do anything except leave this activity.
Because if it continues to do it would be a big risk

[cryptojac17]

Honestly, I would not. Once it gets illegal, I can do nothing but going back to my normal life hoping that they would legalize it one day. And at the moment, bitcoin is neither legal nor illegal. I can use it for whatever purpose I want as long as I do not use it for illegal purposes like buying drugs.

Moreover, the government would not get any benefits from banning bitcoin because it would prevent many people from working. And if they were not working, they would complain to the government about being unemployed. Therefore, they would rise an issue to the government.

True, if bitcoin is forbidden, we can not do anything except leave this activity.
Because if it continues to do it would be a big risk

If my government ban Bitcoin to used in my country it is quit complicated because the problem is you don't have the bitcoin to fiat exchanger that can process your transaction.but since is p2p transactions and known to have no boundary you can kept your Bitcoin in your electronic wallet and you can bring it anywhere in the world and you can use  it in the countries that is bitcoin friendly country. The beauty of this currency is for being no boundary and anonymous as long as there is an internet you can use it any time anywhere you want. so government can get nothing banning Bitrcoin.

[Zadicar]

Honestly, I would not. Once it gets illegal, I can do nothing but going back to my normal life hoping that they would legalize it one day. And at the moment, bitcoin is neither legal nor illegal. I can use it for whatever purpose I want as long as I do not use it for illegal purposes like buying drugs.

Moreover, the government would not get any benefits from banning bitcoin because it would prevent many people from working. And if they were not working, they would complain to the government about being unemployed. Therefore, they would rise an issue to the government.

True, if bitcoin is forbidden, we can not do anything except leave this activity.
Because if it continues to do it would be a big risk

If my government ban Bitcoin to used in my country it is quit complicated because the problem is you don't have the bitcoin to fiat exchanger that can process your transaction.but since is p2p transactions and known to have no boundary you can kept your Bitcoin in your electronic wallet and you can bring it anywhere in the world and you can use  it in the countries that is bitcoin friendly country. The beauty of this currency is for being no boundary and anonymous as long as there is an internet you can use it any time anywhere you want. so government can get nothing banning Bitrcoin.

You can really make indirect trading or exchange your bitcoin into fiat but its not really necessary for you to move out on other countries or places since you can easily make it online. We might not able to convert those coins into our local fiat we can always able to sell out online on those coins and being paid up directly into your bank account but be always sure that it wont really be that too big so that government wont really make any suspicions into your account which would really put you into a bigger problem.If you can able to handle the risk then proceed.

[dogandogru]

No, I will get out of Bitcoin If govt. declare it illegal because I don't want to be a culprit and face any consequences of using BTC in future. If govt. implies strictly ban the BTC and this law has been implied effective then I will withdraw all my BTC into fiat.

[stompix]

This just shows how antifragile Bitcoin is to political attacks.

I wholeheartedly agree with your statement. If one of the superpowers like the US decides
to ban Bitcoin it immediately becomes very attractive for other superpowers like Russia
or China to start to support Bitcoin publicly. This feature really serves as a defense against
potential enemies in the form of individual states.

If the US bans BTC China and Russia can't do ...you know what.
What will make that coin attractive?
A coin that is refused by 300 millions with the highest purchase power in the world?

Hasn't the whole China ban proved one thing?
That the real power and the real money source for bitcoin growth is in the west?
Nobody cares about China, and of course not about Russia!!!!
Oh, did you use the world superpower? Russia? With an economy smaller than that of Netherlands?
Get real.

If the US bans BTC usage entirely get ready for 10$ a coin.

If my government ban Bitcoin to used in my country it is quit complicated because the problem is you don't have the bitcoin to fiat exchanger that can process your transaction.but since is p2p transactions and known to have no boundary you can kept your Bitcoin in your electronic wallet and you can bring it anywhere in the world and you can use  it in the countries that is bitcoin friendly country. The beauty of this currency is for being no boundary and anonymous as long as there is an internet you can use it any time anywhere you want. so government can get nothing banning Bitrcoin.

Probably you should read the laws a bit.
Even if you use your coins over the internet for a website in another country, you still commit a felony.
Just like a us citizen betting on an uk betting website is considered illegal.

[kimochidesh]

No, I will totally detach myself from crypto-world if my country declares BTC or Crypto illegal. It is because I don't want to take risk of my life just to earn few Bitcoin which I can't even convert into my country's fiat as it is illegal. So there is no point of taking the risk just to be digitally rich which can put me in jail also.