What if Government bans Bitcoins?

[arjen18]

I cant imagine my life if the goverment banned bitcoin., maybe many people who  work and invest in bitcoin will suffer very well.

[silviyako]

i think governments now realize they can gain profit from crypto. cryptos are not likely to be banned. they are just trying to regulate it.

[Vendetta666]

Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??

If bitcoin is banned in a country, there is enough reason to do so. So I'm not afraid because bitcoin is good for me. So we should not be afraid of being banned by bitcoins because it does not harm our lives.

What to lose is the people who use it bad. Because they really damage the name of the bitcoin.

[okissabam]

There are already countries that had banned Bitcoin but people still continue using them, so I think even if they ban Bitcoin they still can not stop people from using Bitcoin or any other cryptocurrencies. So if that will the case, your coins will still be where they are at if they ban them.

[Ekim22]

If the government banned bitcoin,many people will be affected for banned bitcoin, because many people earn and save money in Bitcoin.

[atomous]

If bitcoin will be banned by government then we can conclude the end of bitcoin in the particular country but the total system of bitcoin won't be banned.

[basyang]

Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??

Well, I am hoping this will not happen in the future that all government bans bitcoin and block all sites related to bitcoin and wallets because once this thing would happen I think its the end of bitcoin or we will say its not the end but its a break for bitcoin. Even though there has many countries banned bitcoin still there are country out there open armed accepting bitcoin and they believe that bitcoin will be success in the future. As a user of bitcoin lets spread the good use of bitcoin in our daily transaction even if there is so many reasons that government could banned it.

[Ad Baculum]

Some countries were already banned bitcoin, and here in my country they did not banned it not because they don't know what to do but they find bitcoin as an interesting and a great opportunity for the people, and a big help in our growing economy.

As of now there already countries who started to banned bitcoin and I think it is a bad news especially to the people who invest or buying bitcoin. Government bans bitcoin simply because they can control it and even a bank can't manipulate it. Lastly, I think it is the reason why some government started to banned it.

[lamcouz]

Countries are interested in the technology behind crypto (blockchain tech) but some of them are NOT REALLY INTERESTED INTO BITCOIN AND CRYPTO probably because of decentralization. Nevertheless, I don't see them wasting tax payer's money to do something as stupid as price manipulation or banning

[Inasal03]

Government can ban theirs a country already that bitcoin is ban but on my country bitcoin is open many peoples joining here the government supporting the cryptocurrency.

[if_so_klara_99]

if all governments ban then its over

[beurk]

Well, it just can’t Be banished. As per ils essence I see it unstoppable. You Should cut thé Wheeler internet off on m’y opinion. Maybe some regulations, dunno.
Moreover, i see in Bitcoin, and even some alt ones, some benefits for governments.

[fritzwalter195]

I am guessing it means that its time to let it go. its the end.

[MetalGear]

Some countries were already banned bitcoin, and here in my country they did not banned it not because they don't know what to do but they find bitcoin as an interesting and a great opportunity for the people, and a big help in our growing economy.

If some countries already banned bitcoin but some countries already legalized it so that if your country started to banned bitcoin or any cryptocurrency you must transfer to another countries where bitcoin was legal fee to use. In addition to that, adoption bitcoin in our industry will really help our economy to grown up.

[virarara]

there is nothing you can do if the government banned bitcoin from your country. if you are still using bitcoin you may be caught, you can only hope the government is not banned bitcoin.

[paulk11087]

Bitcoin can be banned by governments. There are in the governments that do this. But I think there is still no need to panic. because it will surely spread to the whole world. Now those who forbid will have to accept it either.

[EveryoneMATTERS]

Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??

They can ban the internet completely brother, the coins will still exist and so will lans hosting it

[ballerin and giroud]

The government ban is only a matter of formality, one will find access to anything related to crypto even if they ban cryptos as a whole. I do not think it means anything to them doing this, it's an easy way to fight. Many things about illegal use in a country but every community can do these illegal acts with ease, clba think in the internet world I think this is a simple and easy way to pass for everyone.

[Ahsan Aly]

First of all Government will not banned Bitcoin, if it happens it could't ban suddenly. If we see the crypto market there are various crypto currencies you can exchange bitcoin with other crypto currencies. This is an alternative way for peoples who touched with crypto and want to utilize. Mostly countries allow Bitcoin. So it is not a big issue. Cheer Up !!  

[Smarty14392]

Many people in the world support bitcoin and use of crypto as a financial asset. There are very fewer chances of the government banning bitcoin due to the huge support and advantages of using it. Even if bitcoins are banned many people will find another way to trade crypto in a decentralized manner and keep funds safe.