What if Government bans Bitcoins?

[bapetdik]

If the government forbids bitcoin it seems we can still use it. Because although bitcoin is prohibited in one country, it can still be used by anyone because bitcoin can not be recognized who the user is. Or another word is called anonymous. So do not worry

[pthnmj]

Bans are just legislation, not a modification of the reality. Enforcing a ban on bitcoin and crypto is theoretically possible but would come as such a low cost/reward ratio they would never do it. And I don't think that governments could entirely ban bitcoins.

[Veronicavn1875]

Right now there are only a few places that accept passwords to talk about just using passwords to buy the daily necessities that are meaningless.

[AidanHansman]

I have read a topic about Jack Ma organize an Anti-coin Camp. I don't know this post is real or fake but it gets me worry a little bit

[justin0062]

actually, there are some countries are banned now. But there is no denying that Bitcoin can make unstoppable profits for our life. they have to think again

[TimesVeronica]

In my national government have banned many websites but I can still surf the web without any problems. People can still use their password, but if they can not get it into fiat, most people will leave it.

[WilliamDarcy]

The new post that Jack Ma have an organization called Anti-Bitcoin Camp is true or false? I wait the information from it

[trangprooss1]

It should be noted that this does not mean that governments have to give BTC information we can use government support especially now that is losing value. People can still use their password, but if they can not get it into fiat, most people will leave it.

[greg0rioo]

If the government forbids bitcoin, the popularity of bitcoin will not improve and may even affect the price of bitcoin to fall. The possibility of even bitcoin may disappear.

[Clark05]

Incase government ban bitcoin to one country if you bitcoin in your wallet I think you can access it to other country but it depends how the governenment limit their banning. But bitcoin is not easy to ban becausd they need long process and why they need to ban bitcoin.

[p4npos]

I don't think any Government will ban Bitcoin. They can do it on a temporary basis to remove any complications. There are a lot of investment and capital involved in Bitcoin. If any government bans Bitcoin, it will create a major financial crisis. People will lose a lot of money and they don't how the people will react.

[alexnambawan]

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??

There is a possibility in everything. My theory is if the government block all websites and payments that are related to Bitcoin its because almost all of the people are using the digital money instead of the real money or almost all of the people invest in Bitcoin than in Banks. Due to that, government will lost their source of additional income or funds.

[stefy77]

If the governments prohibit bitcoin, bitcoin will be exchanged covertly and smuggled as it was once done with tobacco.

[andieoke]

Currently there are countries that prohibit Bitcoin, and also block Bitcoin exchange site, because the country does not want its people into Bitcoin. but if in our country that currently does not prohibit Bitcoin, and all of a sudden banned and blocked all Bitcoin sites, then that is a risk to us. but of course before the government did that, it would have given an announcement so that holders of Bitcoin and other Coin Crypto could sell all their assets. and of course we have to sell all the Cryptocurrency assets we have.

[Ahmadarwani56]

I am convinced that the demand for the bigger the government will not ban bitcoin for transactions. Although some countries have banned it, bitcoin has spread all over the country

[Sema1984]

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??

Nothing, because they keep our money on cold wallets, so government is only able to stole the computers or data from it

[fianaindriati]

I am convinced that the demand for the bigger the government will not ban bitcoin for transactions. Although some countries have banned it, bitcoin has spread all over the country

I also believe that the development of bitcoin is getting more and more advanced, and probably also many countries that approve it, although at this time also still many government countries that do not approve it, but with the exact development will change.

[Rockkey]

The governments of many countries do not want crypto-currencies to exist. For them, the more familiar and safe option is the usual money and habitual way of life in the community of its citizens. They are opposed to new things, so at the present time we can still meet similar examples of not too rational behavior.

[KingOfWinterfell01]

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 the government somehow found a way to ban bitcoins, then we're in trouble. We can't circulate bitcoins throughout the entite world making bitcoin supply lower and making the market s bit stagnant. Stagnation of bitcoins in our wallet would mean there is no available bitcoins for buyers to buy.

[Zabzab9]

As an issue of actualities, Bitcoin won't be prohibited.
In actuality, digital forms of money will be acknowledged around the world.
However, if the government will direct to control Bitcoins; digital forms of money will never again be decentralized.