If bitcoin gets banned in a country, does altcoins get banned along with it?

[hachiman13]

Most likely yes, since bitcoin is the progenitor of crypto-currencies it wouldn't make sense to make an exception on the ban. Though maybe, just maybe, ripple might not be included once that happen since it has the favor of banks. And banks as we know it, have enough power to influence a country's government.

[cryptotricks]

I guess, the cryptocurrencies all-together will only be banned. There is no point in banning bitcoin alone and leaving the altcoins around..

[szpalata]

Most likely yes, since bitcoin is the progenitor of crypto-currencies it wouldn't make sense to make an exception on the ban. Though maybe, just maybe, ripple might not be included once that happen since it has the favor of banks. And banks as we know it, have enough power to influence a country's government.

Exactly, whatever might happen to bitcoin negatively or positively have a direct impact on the altcoins and the recent fluctuations in the cryptocurrency markets have gone to show that bitcoins rises and falls with the altcoins and so if it gets banned in any country or even globally it will definitely have a ripple effect on the other altcoins.

[yonjitsu]

If bitcoin gets banned in a country, that is most likely means that they are also banning the rest of the cryptocurrencies. We have witnessed how the market went to a bloody bath this month and that means bitcoin is down. That's simply because of the Cryptocurrency==Bitcoin pairing. So when bitcoin is down, eventuall alt coins will also down. So if bitcoin is banned, what's the use of other alt coins then?

[pekavcilar01]

I do not agree with this idea.

 Gold is a substance with physical value. I do not think that a matter that human beings can make can never take the place of nature.

[rajuahmed763]

Well, I'm just curious, does banning bitcoin means that all cryptocurrency will be banned from that country?

After all we know that bitcoin is the mother of all crypto currency. If bitcoin was banned other alt coin will be ban in same time. Bangladesh government direct told by Central bank notice that "bitcoin, ethereum, litecoin, Ripple is illegal."

[DoublerHunter]

Of course the altcoins will get banned also because most of the times, the government look the overall cryptocurrency market as bitcoin because they know that bitcoin is the very first cryptocurrency that ever been made and publicized by satoshi nakamoto and if they will ban bitcoin then the altcoins will get ban also because they are all one type of thing which is a cryptocurrency.

[VitKoyn]

Well, I'm just curious, does banning bitcoin means that all cryptocurrency will be banned from that country?

Well I think that all governments/countries that banned Bitcoin, more likely that they will also ban the whole cryptocurrency market because the reason why most governments/countries wants to ban Bitcoin is because it is not stable currency, it is decentralized and uncontrollable while most of altcoins out there are also the same, so I don't think that they will only ban Bitcoin alone. But there is an exemption from this ban, if a government have issue their own cryptocurrency, I don't think that they will ban their own coin.

[kiemponxs]

Well, I'm just curious, does banning bitcoin means that all cryptocurrency will be banned from that country?

indirectly prohibiting also on all crypto, so if bitcoin is prohibited in a country, altcoin automatically also participates in the ban. bitcoin and altcoin are in a crypto group of digital currencies.

[MCVXYZ]

legislative bodies  are trying to create strict regulations or even ban bitcoin because they possess only pieces of the overall picture and they don't understand that bitcoin is not absolutely anonymous,thats why they are scared,they don't know that bitcoin transactions can be chased and when bitcoin holder trying to withdraw funds from exchanges goverments can ask for this information from exchanges.In my opinion monero or Zcash transactions are harder to identify and just imagine if they ban only bitcoin what will they get by this? Absolutely nothing,So if they ban bitcoin it means that they will also ban other crypto currencies.

[udidrone]

Well, I'm just curious, does banning bitcoin means that all cryptocurrency will be banned from that country?

i think it is yes, sometime they  said they not ban bitcoin but ban digital currencies / cryptocurrencies. so it means altcoins included in it. if they not ban alts, how people exchange altcoin to fiat if not with bitcoin first?

[buternasek]

I think if they (government) forbid bitcoin of course they will ban all altcoin because what they worry about is cryptocurrency instead of bitcoin itself.

[criz2fer]

Well, I'm just curious, does banning bitcoin means that all cryptocurrency will be banned from that country?

Definetly yes, that true if bitcoins is banned in one country  altcoins is also affected,and all things that talking about digital currency is probihited if banned implemented to that country,even those small crypto like faucet games would not be  allowed,because if government implemented a law,there so many article,that they consider that not allowed.I hope that this things should not happen into my country,because many of us will affected and cryptocurrency is part of our life and everyday gestures.

I don't agree with it, ICO's are mostly ban in other countries and also exchangers because they are being studied by the government which they think that it can affect their economy. But bitcoin itself are not ban. Did your hear a news that bitcoin was banned in other countries?

[EugeneJanet]

I think if bitcoin is banned in this country.
Altcoins will also be banned.

[freecastle]

I think everything depends on why bitcoin is banned, if it is banned as a currency or trading instrument

[Kigwa143]

Yes of cource,If the banned bitcoin all the cryptocurrencies including altcoins will be banned too because they are a group of cryptocurrencies.Bitcoin also has a big effect on the fluctuations  of altcoins because when bitcoin fall or rise altcoins also follows so I think the value of altcoins are depending on bitcoin so if bitcoin will be banned in a country,Altcoins might be gone.

[micheal wang]

Well, I'm just curious, does banning bitcoin means that all cryptocurrency will be banned from that country?

Bitcoin is a virtual currency, so if the government or a country if they will ban bitcoin automatically they will ban all forms of transactions with virtual currency. Because the people will be more familiar with bitcoin be compared they said appellation with cryptocurrency.

[monkeydominicorobin]

Well, I'm just curious, does banning bitcoin means that all cryptocurrency will be banned from that country?

Well if you want a solid assurance. Let me tell you that they will never ban Ripple. I guess it should be enough.

[JeBro]

I don't consider a serious problem to ban bitcoin or altcoins by  one country.
In order to completely prohibit the circulation of bitcoin and altcoins, the authorities will have to disconnect the Internet,
which is absolutely unrealistic. Look what happens in China, where the government is trying to ban crypto-currencies.
They can not do anything. People easily bypass all prohibitions.

[Jating]

I don't consider a serious problem to ban bitcoin or altcoins by  one country.
In order to completely prohibit the circulation of bitcoin and altcoins, the authorities will have to disconnect the Internet,
which is absolutely unrealistic. Look what happens in China, where the government is trying to ban crypto-currencies.
They can not do anything. People easily bypass all prohibitions.

But the thing is, there might be consequences at the end if you are caught using/trading/owning a bitcoin in a country that totally puts a hammer ban. Of course you can get away with it such as proxies, VPN. But sooner or later the government will find it out and the full hands of the law will be on you.

Its a resounding YES for me. Governments that are against bitcoin will automatically ban altcoins as well. Because they will not put any distinction, as long as its crypto, its gonna be illegal.