What if Government bans Bitcoins?

[robertsu]

In the internet have exist a dark side. Who want  to get access for sites, which have relationship with cryptocurrency. The people who just visited sites for games, of course forget about crypto currency in life.

[Zigzagkuy]

If the government prohibits bitcoin then I will continue to use it and continue to invest in bitcoin. because even though it is prohibited, we will still be able to use it. Bitcoin is anonymous and it is difficult for the government to track users from bitcoin. So I will continue to use it and no matter what the government says.

[vin22]

Hmm.  Well I don't think if that is everly going to be possible even if they are in control of it they can not band it for life,  they can only stop the citizen from  buying and selling of bitcoin but they can't stop it.  Reason being that they buying and selling can't be monitor since it is being done on the internet.

[zarintasnim]

Bitcoin is great source of income . Bitcoin help lot to the people. People get money from bitcoin. But unfortunately some country ban bitcoin. I think they do not understand benefit of bitcoin. They should understand benefit of bitcoin and take positive step about bitcoin.

[Lankabc]

Governements can't ban Bitcoin but they can bring restrictions to bitcoin. I think now most of government have realized that they can make money from this crypto thing. mostly poor countries bring restriction to cryptocurrencies.

[jerrison]

the cryptocurrency and the blockchain technology can not be banned by government as we have see most of the governments adopting the blockchain technology in the affairs that concerns their countries and it has been proven to have a high success rate as it works perfectly well in the position where it was deployed.

[AnnaGeraMsk]

I think that if they wanted to ban, it would have been banned long ago in America, when bitcoin rustled as without the control currency

[MartinAK]

Am sure most givernment are doing their best to ban bitcoin but yet still the bitcoin fraternity keeps on growing bigger and bigger. Whether all government ban it or not we are bitcoin and surely we will rule.

[Ajadey4]

If all governments of the world banning cryptocurrency?  That will undoubtedly be harsh and would hit us real hard, but, I doubt that happening anytime soon. As funny as it sounds, there are countries of the world that have banned crypto only that the ban is not taking effects that much, and we hope it continues like that. Where some are banning it, some are coming out to embrace it knowing the opportunity that lie therein. It is just going to be a matter of time before they all embrace it.

[ogtejiri]

even though government has the power to ban and block all websites relating to bitcoin, i still believe this move wont be taken as bitcoin has so much prospect which government is fully aware of. the only reason they are being skeptical about bitcoin for now is because bitcoin lacks regulation at the moment and government always fear anything they cannot regulate.

[riyarana1123]

Actually in some countries bitcoin is banned but people of these countries are free to invest in bitcoin and even government earn very huge taxes from the investors of their countries such as INDIA where bitcoin is actually banned but government earn big amount of tax from investors of bitcoin.So, it is very much clear that the people who want to invest in bitcoin they are investing even when their country banned the bitcoin.Moreover those countries are left they are also thinking to regulate bitcoin in their country.

[LordMeowMeow]

I think they can’t totally ban bitcoin. Investors/ users will always can find some other ways. Plus, i think it’s kinda too late to ban btc or crypto because all around the world people loves btc. So governments also should accept it. No need to fight with btc cuz they can’t stop it.

[airdnasxela]

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, even if people will try to find a way to still have a bitcoin when the government banned it and banned certain sites where bitcoin can be bought, I think because of the modern technology, they can actually trace you and your activity which be make you accountable to the actions that you have done. So for me government can totally ban bitcoin and I think it was been doing by some countries like China. This will make the value of bitcoin less valuable. If I am in this situation, I think I will immediately sell my coins before the actual implementation of the banning so that I will earn my money.

[stellaekun]

It is not really  new for bitcoin to be ban, it has been banned in a number of countries but that has not stopped it's progress. Some accept it legally already

[btcrut2017]

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??

Governments can do lots of things but i doubt if they can block BTC sites or ban bitcoins just like that without proper legislation procedures.There are no legislation on BTC in most countries so there will be no grounds to banning it.

There are treats in banning bitcoin but I don't think the government can ban btc. There is a lot of good things btc can offer to the world like jobs and the new technology of decentralization. The government will also think twice in banning becs, they also want the betterment of the people.

[big_bankir]

The government will not ban Bitcoin because they will not get it. The Bitcoin network is already supported by very many large corporations and at any time this network can be restored.

[Mariela]

Well there is a possibility that government can ban bitcoin operations. Because they have the power or ability to implement that matter.

[noictib]

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 not possible for them to ban cryptocurrency because people will still use it with the use of VPN services , so for them only one option is available that is to legalization and make new rules to use cryptocurrency .
And there are chances that if bitcoin will ban then surely people will mentally forced to not to work in the cryptocurrency because most of the people don't want to use tedious ways to use things .
Here we can see example of it that in Bangladesh bitcoin is banned fully and if anyone will caught by the governments then he will go for jail .
But in the present time every country governments are aware about that people can go at how much degree to action against the government, so government will not ban cryptocurrency at any side .
At one side cryptocurrency use is making down the problem of the unemployment ( big example of China , where they didn't banned yet ) .
So here we should not take much tension , here all governments will go with the trend technology of online world , where bitcoin and another cryptocurrency are more safer than our traditional banking system .

[Heavens Gate]

If Government decide to prohibit the acceptance of bitcoins or websites promoting the use, sale or transfer of bitcoins, this has a serious way of affecting the way bitcoin could grow, develop and advance. It requires collective efforts of many of all governments to stop it however.

[Shadesofglory]

It is a case of what if and not that they are coming out outrightly to ban it. This is going to affect everyone involved. I do think governments can only go about advising their citizens against it and even where it has been banned, people still do engage in it. It's going to take a whole lot of work for that to come to fruition.