What if Government bans Bitcoins?

[olyolali]

the government forbids the bitcoin to be certain. but if the state disconnects the bitcoin wallet it is not possible. because as long as the internet network in the world is still there definitely bitcoin will remain alive will not die.

[Baby Dragon]

This risky but great project, I mean crypto, will not die and will not be defeated! I am sure that he government will sooner or later accept it as the best currency option being convenient and safe. A lot of countries have accepted it

Bitcoin is risky but it is worth it. Bitcoin will not die and never be die. I hope that one day many countries are accepted bitcoin cause bitcoin have great potential to help economy of every country to become successful in the future and the country who accepted bitcoin as there partners in business you are open minded in cryptocurrency.

[Roboabhishek]

Even they government manages to pull this thing then blockchain websites will have .onion domain and can be explored through tor browser,
@least that's what I think.

[Malya_alkendy]

If at any time the government forbids Bitcoin, block all sites related to Bticoin, then I will look for ways how I can still get in and work in Cryptocurrency. And If there is no way I can do to continue my activities in Bitcoin and Cryptocurrency, then with great heart I will stop playing Crypto.

[karmapala]

if prohibited of course the value of the investment will also decrease. but the question is why the banned? I certainly would not agree. because bitcoin could be the asset of its citizens which of course will affect the value of per capita income figures of citizens .

[easydrawrex]

If the government will ban Bitcoin and other cryptocurrencies, it just shows that they are afraid cryptocurrency will take over fiat currency and banks. But nevertheless, I don't think that the rise of Cryptocurrency will be paused and will be stopped if ever the government will ban cryptocurrency because they can't control cryptocurrency and they can't control the people who invests in crypto.

[BlackRacerX]

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??

Since bitcoins are decentralized, it is far from being banned by the government. I doubt there will ever be a time the government will ever get their hands on all of the bitcoins. Probably the only control they have is on the exchanges and when that happens, everyone will most likely go underground.

[Javak]

There are countries that have banned bitcoins, but people still use them, so I think even if they ban bitcoins, they still can not stop people from using bitcoin or other cryptographic cultures.

[hoamoclan]

Actually, the government already banned bitcoin in some countries. Even it is banned, it is still alive and works in deep web.

[makenoise]

If government bans bitcoin, it just proves that the government only cares about their profit. They don’t see that how bitcoin can help people earn a lot and help them improve their life

[SeVenlast]

Even they government manages to pull this thing then blockchain websites will have .onion domain and can be explored through tor browser,
@least that's what I think.

Whether with this the government will support with the existence of Bitcoin at the present time or do worse things.

[requiredto]

It doesn’t matter. The government can ban bitcoin now or in the future but they can not kill bitcoin even how hard they try.

[katarina007]

There is no doubt that bitcoin is banned by the government because government will never accept bitcoin.

[n0ne]

Even now there are ban over bitcoin as well cryptocurrency on various countries. Some has taken back the ban understanding its need, while some has been under hard study to make use of it in an effective manner. From my experience nothing could happen even if countries ban bitcoin, because one who believe in bitcoin will continue using bitcoin overcoming any problems.

[Layers318]

Governments cannot ban Bitcoin while the internet is still in existence. Also, once the people believe in Bitcoin and choose to trade with it, Bitcoin will forever live to its expectations. The governments can only impose few regulations to institutions that come out transacting with Bitcoin.

[Almirante3]

Exchanges can be regulated. They can be taxed, monitored, and even banned. Governments have enormous power over these companies - and the Chinese episode made that clear. However, when the analysis starts for the currency itself, we can say that state law is totally inefficient in stopping bitcoin. In fact, almost useless.

[badakjawa]

Some countries have already banned cryptocurrency, especially bitcoin. However, in my country does not prohibit. Bitcoin is only forbidden to trade such as selling / buying etc.

[cjmalicious]

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??

It is exceptionally easy to comprehend what might be the delayed consequence if this truly occurs later on. After the boycott governments could possibly give you opportunity to take out the cash that you have put into it. In the event that they give you at that point there will be freeze offering of each dime of coins in addition to a significant number of the exchangers going trick, numerous ICO ventures fleeing with reserves as no one considerations any longer. This was the market will begin drying out definitely and the costs will drop with negative exponential rates. Thos who will offer prior will get the greater part of the venture back and others will begin loosing the ROI.

One point will come when the entire speculation will be down to zero and along these lines the costs will be zero everywhere. The finish of digital money.

[cryptoblazter]

There are countries which banned bitcoin but there are countries which recognied bitcoin. Some even gave bitcoin legal tender meaning less taxes for transactions involving bitcoin. That's in Germany. These rich countries are not afraid of bitcoin. Instead they are thinking of ways to cope with this bitcoin-related technology.

[kyledavid]

it could be the end of my career in cryptocurrency because if the ban bitcoin of course all altcoins will be banned as well since bitcoin is the primary source of income which i get financial support for my family but luckily in our country , government regulated law towards cryptocurrency and they actually supported it so i don't have nothing to worry .