What if Government bans Bitcoins?

[cloudbleron18]

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 thats our Government decission,theres nothing we can do to it instead of respect what our government wants.maybe they ban bitcoin if there works is not good already for all who use it.but I think here in our country its not yet ban.if it is illegal maybe they ban it already.but hoping that here in our country it will going to be legal because its really help a lot of people that jobless right now.

[BulbaLord]

I dont think what will happen if government ban bitcoin.  All i can say that,  in our country bitcoin is legal and we are free to use it.  I think because pur govenment know that it can help individuals in their financial problem.  They also warn as in the scam of it.  

[Wong Gendheng]

Now many countries have been banned from bitcoin, and the latest is Sri Lanka, but I'm sure that bitcoin users will not be affected by banning from various countries as long as many exchanges can be transactions with dollars.

[jaydenbox]

It would be real naive move from all governments to ban bitcoin, and I doubt it will ever happen, honestly bitcoin and all the other cryptos have so much potential and they make life easier and governments will soon realize that and use it for their own good, this is my take on this.

[nano77]

I think, there are some countries that have banned bitcoin but the government can't do anything to stop the use of bitcoin because they can't control bitcoin and regulate bitcoin

[Nanacoin]

No government can ever ban bitcoin. It will not work because no one can trace the owner of all bitcoin users in their country

[kniheant]

 If a government banned the virtual currency, people may resort to underground transactions and trading where a special browser is used. But the most familiar word in the government as of this time is not ban but regulation and many of the countries are planning to create their own style of regulating the cryptocurrency exchanges.,i dont want it happen.

[FedorIzmailov]

there will be chaos, but it is almost impossible and I do not think that this will happen

[Blackpanther399]

I do not see bitcoin getting banned anytime soon. Some countries did not ban bitcoin as well. I believe that bitcoin would be a strong force in the future and it would go mainstream definitely. This is what I believe. Government won't be able to ban bitcoin

[Allan Ramanda]

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 all sites related to cryptocurrency are blocked by all world governments, then all the altcoins you have become useless waste. but that will not be possible, because many countries can accept the existence of bitcoin trading in their country.

[Airbuxf]

Even if they will block exchanges there still will be decentralised exchanges and no one can anyhow bloc your wallet and not let you make any transactions with BTC or any other crytpo.

[sagittarius1]

Very will happen. In spite of the fact that legislature have no reason for restricting bitcoin and some other crypto, But in the event that it happening then you don't have to stress.
In future there will be a few trades that will have add up to security of your records.
since Necessity is the mother all things considered.
So Keep yourselves quiet and Keep exchanging.

[bitfocus]

Technically, no one can Bitcoin, no government, they need to turn off the INTERNET completely for that, but these days, some SMS bitcoin transaction system is already invented.

https://news.bitcoin.com/samourai-wallet-introduces-bitcoin-via-sms-text-messages-for-censorship-resistance/

[Agnusdei12]

How could a country ban for something that is so difficult to regulate and liquidate. I dont think they can ban Bitcoin unless all country and the digital world would agree about it. First of all it helps a lot of people to raise up their way of life by earning from this.

[dimbaba]

The Ecuadorian government has issued a ban on bitcoin and other digital currencies. So bitcoin can not be ban no Matter what they do.I think because pur govenment know that it can help individuals in their financial problem.

[Uccccc]

I'm thinking of a panic selling. The price of Bitcoin will drastically plummet.

[knggtrrz]

How could a country ban for something that is so difficult to regulate and liquidate. I dont think they can ban Bitcoin unless all country and the digital world would agree about it. First of all it helps a lot of people to raise up their way of life by earning from this.

Well, as you can see some countries already banned bitcoin and some of them already regulated it. I don't think banning bitcoin will make a big impact with the continues development of cryptocurrencies.

[HeXecutor]

hmm ... it's interesting to reflect on the topic of how you can banned bitcoin. Probably every person who spent at least a little time in this forum should know that bitcoin is decentralized currency, therefore it is very difficult for me personally to imagine how it is possible to bite bitcoin ... although maybe I'm mistaken, it will be interesting to read

[Lankabc]

Don't you know that some countries have already ban crypto and bitcoin? well basically they are shit holes. Otherwise developed countries have not ban bitcoin or crypto. look at a country like Estonia. even though a small country they support crypto and other digital trends highly

[ailyn46]

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??

The government couldn`t be able to put the limit on the bitcoin since from the very nature it is decentralized and no one can make the control over it. However, it could be influence and alter by the people or investors of it.