Bitcoin Forum
June 14, 2024, 12:03:44 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 [34] 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 »
  Print  
Author Topic: What if Government bans Bitcoins?  (Read 6068 times)
Strange9
Newbie
*
Offline Offline

Activity: 32
Merit: 0


View Profile
August 24, 2018, 05:05:03 AM
 #661

It already happened in other countries but the demand is really high that the Chinese would even migrate their business to other countries to continue.A common reason why Bitcoin was banned in some few countries out there because they had a lot of misunderstandings about its technology. Government can't stop people's passion in bitcoin so the majority will change that decision in the long run if they have banned it.
Bitlife81
Newbie
*
Offline Offline

Activity: 131
Merit: 0


View Profile
August 24, 2018, 05:30:53 AM
 #662

If the government banned the bitcoin,  then it will be hard for the earners to earn a bigtime money because bitcoin is one of the highest rate currency in the world.
saumang2m
Copper Member
Newbie
*
Offline Offline

Activity: 280
Merit: 0


View Profile
August 24, 2018, 05:54:54 AM
 #663

There are some countries in today's time. Those who have already ban Bitcoin in their own country. That government is against Bitcoin and the crypto currency. Despite all this, the number of people using Bitcoin is increasing every day. That's why we need no more to think about it.

SATURN
Liquidity providerfor crypto markets Cross-chain Exchange & OTC trading Platform
✦ ────────  Facebook ♦️ Twitter ♦️  Telegram ♦️  Blog ♦️  Bitcointalk   ──────── ✦
luffyzxc
Newbie
*
Offline Offline

Activity: 70
Merit: 0


View Profile
August 24, 2018, 06:13:13 AM
 #664

I think if goverment ban bitcoin to our society, ofcourse theres so many people hate to our goverment, because bitcoin there so many a lot of people save and helped because of bitcoin, and if ban bitcoin theres so many people hard to earn money.
tadung8790
Newbie
*
Offline Offline

Activity: 62
Merit: 0


View Profile
August 24, 2018, 06:15:54 AM
 #665

I think a new type of money online will release
zubrr51
Member
**
Offline Offline

Activity: 294
Merit: 11


View Profile
August 24, 2018, 06:24:30 AM
 #666

If Government bans Bitcoins, then it will continue to exist outside the legal field, as it was before.

▀▀▀▀▀▀     │      SWIPE      │      Monetizing Mobile Engagement Data     ▀▀▀▀▀▀
▄▄▄▄▄▄       Whitepaper     Telegram     Twitter     Reddit       ▄▄▄▄▄▄
jundy020
Newbie
*
Offline Offline

Activity: 191
Merit: 0


View Profile
August 24, 2018, 06:29:02 AM
 #667

Government ban cryptocurrency to their country because it affects too much of their currency and banking systems makiing their economy decrease but if they properly use the cryptocurrency on their banks the country will benefit a lot from this business and banning bitcoin will never happen, it just happens that government did not think about the benefits but the negative outcomes which rarely happen.
Ozero
Full Member
***
Offline Offline

Activity: 2086
Merit: 180


SOL.BIOKRIPT.COM


View Profile
August 24, 2018, 06:31:25 AM
 #668

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??
In the future, everything can be. Decentralized crypto currency is really very inconvenient for any state. It may happen that in many countries in the future they will decide to ban either individual or all types of crypto currency. As we can now observe on the situation in China, such a ban can be quite effective. It is very unlikely that the ban on decentralized crypto currency will be universal, but in some countries it is quite possible.

kakade
Sr. Member
****
Offline Offline

Activity: 826
Merit: 250



View Profile
August 24, 2018, 06:38:30 AM
 #669

Some countries prohibit the Bitcoin they fear if there is money laundering. And my country still Bitcoin can be accessed. Even many people become rich because of the Bitcoin. And I think the country will not be banned because of the Bitcoin can reduce unemployment figures. And can change the economy became very good.

MoozicoreWORLDS FIRST MUSIC STREAMING SERVICE ON BLOCKCHAIN
 
   █████                     █████
  ███████                   ███████
  ███████                   ███████
  ███████                   ███████
  ███████                   ███████
  ███████                   ███████
  ███████                   ███████
  ███████       █████       ███████
  ███████      ███████      ███████
  ███████      ███████      ███████
  ███████      ███████      ███████
  ███████      ███████      ███████
  ███████      ███████      ███████
  ███████      ███████      ███████
  ███████      ███████      ███████
  ███████      ███████      ███████
  ███████      ███████      ███████
   █████        █████        █████
petermike
Full Member
***
Offline Offline

Activity: 343
Merit: 100


View Profile
August 24, 2018, 06:44:02 AM
 #670

If the government bans Bitcoin i think the first thing the crypto market will have a effect and the initial Bitcoin price will be low. But it is only a factor price of Bitcoin will have influence on the world.  But Bitcoin prices will rise sharply as it is the new age of the world. Besides that we also know most of the BTC in most countries so there will be no grounds to banning Bitcoin.Therefore we can rest assured.
musharaf
Full Member
***
Offline Offline

Activity: 364
Merit: 100



View Profile
August 24, 2018, 06:54:35 AM
 #671

Bitcoin is decentralized currency but if we look at the world so many countries are bitcoin friendly and they support bitcoin for many reasons and some of the countries not allowing bitcoin usage in their countries because of some threats of crypto into their economy and mostly the advanced countries are in the favor of bitcoin and crypto while now many countries have their own exchanges and separate ICO which leads to the crypto world.

cc80aa
Newbie
*
Offline Offline

Activity: 182
Merit: 0


View Profile
August 24, 2018, 07:00:55 AM
 #672

In the matter of fact, some countries are allow to use bitcoin transanction but some countries are also ban despite on these situation no government sector can control bitcoin transanction.
Sevarchik
Member
**
Offline Offline

Activity: 420
Merit: 10


View Profile
August 24, 2018, 07:06:09 AM
 #673

If your government dont support this technology dont leave cryptos, because is temporary.
Use can continue use btc but not on exchanges where need kyc to trade.

Ava Duvall
Jr. Member
*
Offline Offline

Activity: 154
Merit: 1


View Profile
August 24, 2018, 07:07:21 AM
 #674

I think there is no chance that governments would ban bitcoins. Most countries including USA, gains a lot of taxes from bitcoin profits. Why would they stop such an earning? besides I think that most fund companies and investing companies invest and trade cryptocurrencies, they would not accept such a ban. All they like is fud and fomo
I agree there is no point. aside from the black market , there is no factor to ban crypto currencies. yes the government cant control them but also, if they do ban, people will still find a way to trade and mine
Dr.Osh
Legendary
*
Offline Offline

Activity: 2744
Merit: 1004


www.licx.io


View Profile
August 24, 2018, 07:09:15 AM
 #675

I think there is no chance that governments would ban bitcoins. Most countries including USA, gains a lot of taxes from bitcoin profits. Why would they stop such an earning? besides I think that most fund companies and investing companies invest and trade cryptocurrencies, they would not accept such a ban. All they like is fud and fomo
I agree there is no point. aside from the black market , there is no factor to ban crypto currencies. yes the government cant control them but also, if they do ban, people will still find a way to trade and mine
you're right, but this is just a parable. well, and the most pronounced effect if a country bans bitcoin is, the price reduction. but it depends on which country banned bitcoin. Well, but I hope, bitcoin is accepted in all countries in the world.

▄███████████████████████▄
█████████████████████████
█████████████████████████
█████████████████████████
▀████████████████████████
░████████████████████████
░████████████████████████
░████████████████████████
░███████████████████████▀
░███████████████████████
░███████████████████████
████████████████████████
▀███████▀▀█████▀▀██████▀
| 
 Low Fidelity - High Potential 
|
▄███████████████████▄
█████████████████████
███▄░▄░███████▀▄███
█████▄▀█▄▀███▀▄██████
███████░██░▀▄████████
████████▄▀█▄▀████████
████████▀▄▀██░███████
██████▀▄███░██▄▀█████
████▀▄██████▄▀▀░▀████

█████████████████████
▀███████████████████▀

▄███████████████████▄
█████████████████████
███████████████████
██████▀░░▀▀▀░░▀██████
█████░░▄▄░░░▄▄░░█████
████▌░░██▌░▐██░░▐████
████░░░░▀░░░▀░░░░████
████▄▄░▀▄▄▄▄▄▀░▄▄████

█████████████████████
█████████████████████
▀███████████████████▀

▄███████████████████▄
█████████████████████
██████████████▀▀███
███████████▀▀░░░░████
███████▀▀░░▄▄▀░░▐████
████▀░░░▄██▀░░░░█████
███████░█▀░░░░░▐█████
████████░░▄▄░░░██████
██████████████▄██████

█████████████████████
▀███████████████████▀
Ezenwanyi
Copper Member
Jr. Member
*
Offline Offline

Activity: 336
Merit: 1


View Profile WWW
August 24, 2018, 07:20:41 AM
 #676

It was recorded that countries like the USA received tax from bitcoin.
I know its the wish of many countries to ban bitcoin, but i do not think that USA would support that.
Come to think of that, bitcoin is a decentralized virtual currency, s it will be almost impossible for any government to succeed in banning it.

▀▀    PUBLISHprotocol    [  WHITELIST  ]    ▀▀
The most viable blockchain based media platform
Laura45Banks
Newbie
*
Offline Offline

Activity: 29
Merit: 0


View Profile
August 24, 2018, 07:28:09 AM
 #677

It still exists in the cryptocurrency space but you can not own it. You may have lost your coin. It is a pity that it happened.
Nnedaddy1
Copper Member
Jr. Member
*
Offline Offline

Activity: 294
Merit: 1


View Profile
August 24, 2018, 07:45:21 AM
 #678

I do not think , government banning bitcoin is a possibility ...this is considering the fact that bitcoin is a decentralized virtual currency .
It is on its own and devoid of third party interference.
So it is almost impossible for government to ban it.
Yadamosan
Member
**
Offline Offline

Activity: 193
Merit: 10


View Profile
August 24, 2018, 07:46:45 AM
 #679

It's not a surprise because government want's a thing that they can control and bitcoin is not included on the thing they can control; when that thing really happens it will be expected because government only going on a corruption and corruption is a thing that enriched their moneys and on our time or era, Government officials wants only the taxes and as bitcoin is a online transaction doesn't have a taxes to pay so they will mention the bitcoin expect that and as time goes by when bitcoin pump again expect the thing because some countries already banned bitcoin;besides I think that most fund companies and investing companies invest and trade cryptocurrencies, they would not accept such a ban. All they like is fud and fomo.
Zalaster
Member
**
Offline Offline

Activity: 308
Merit: 13


View Profile WWW
August 24, 2018, 07:58:59 AM
 #680

It's impossible. Bitcoin is decentralized to prohibit it, the efforts of all countries of the world will be needed, but even in this case it is technically impossible. So I think that you do not need to worry, everything will be fine.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 [34] 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!