If Govt Bans Bitcoin THEN?

[Mudit47]

Hey guyz,

There is a discussion going in about how Govt can ban bitcoin trading . It can take weeks, months or years.

But I just want to know if Govt bans it -:

Should we get all the money by selling bitcoin ?

            or

Is there a way we can still use exchanges for the investment and get back our money from profits regularly in our bank account ?

What are your views on bitcoin BAN by Indian Govt and its solutions?

[pogpog10]

Well that’s why cryptocurrencies are here for. To get rid of government’s restrictions. Bitcoin and all other alt coins are too strong to be restricted. Governments are too late for this.

[cryptonoob312]

Exactly, as it was said above crypto is made for such reasons. Also if you find it risky use VPN and Tor to protect your right to use crypto. Usually crypto is banned in those countries that don't have economical stability and got a lot of problems. Thus I'm sure that they are not able to track anyone who uses crypto.

[Sevarchik]

If gov ban bitcoins, people exchange their coins to other crypto.
We have fully anonymous cryptocoins like monero

[Ilegendph]

Well that’s why cryptocurrencies are here for. To get rid of government’s restrictions. Bitcoin and all other alt coins are too strong to be restricted. Governments are too late for this.

Its true that crpyto is made to get rid of those restrictions, specially the restriction of investing in other foreign countries because there are certain countries that foreigner cannot own or they have limited access to those investment that I think a hindrance for the growth of that business.

[Cnut237]

Bitcoin and crypto are not restricted by national boundaries - a ban by one country doesn't do much beyond a temporary price hit. I think an all out blanket ban isn't really possible, and crypto is here to stay.

[Latrix]

you cannot stop them, you join them. the leeching will start real soon from governements lol

[cryptogeek101]

The blockchain Technology has gone above Government ban because of its decentralization features. In carrying blockchain transactions there is no third party which government can be part. If it had been possible Government would have stop Bitcoin earlier before now.

[panjay]

well, nothing change much, people will still using it, I believe it's already mentioned that people using the drug even it's banned. Are drug price become so low because of a ban? I don't think so. I mean look at other easy example, people who can't access some site will find it's way to browsing it, they using VPN tor etc/