What if Government bans Bitcoins?

[Cool1]

The government has banned the existence of bitcoin, but there are some countries that allow using bitcoin, bitcoin can be used anywhere without supervision from the bank to be free. Even if it's stopped, it's impossible.

[Uad]

this is a big loss for bikkoy users in countries that ban it, but executives often own it to gain political asylum when necessary.

[Sinancre]

I think that it is necessary to revise the websites of bitcoins from the point of view of management. This would be a loss, because the capital from this country would be withdrawn. And will reduce the price of a coin without braking

[BigBlackSheep57]

If the users want to use they can use it because government can't prevent the user but yes if they caught you in the time of transaction then it may create big problem.

[teejayrichard2]

though government have the power to ban bitcoin, i dont think they will make such a move. we have seen one or two countries ban bitcoin in the past but thats just for now. i believe with the great prospect bitcoin has, we will see more countries accept and adopt the use of bitcoin and cryptocurrencies

[Moon_Man]

Ok if the government bans Bitcoin... how would they enforce this?

[tinaobas]

No, the government cannot block bitcoin wallets,there is the better option of not even using an online wallet.they will need to confiscate individual laptops and phones for the ban to be effective

[Ale88]

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 governments that ban bitcoin or cryptocurrencies in general, in my opinion, are simply stupid because they don't understand that this is the future, and they're wasting a huge opportunity. They'll regret it.

[pugi2]

Some countries were already banned bitcoin, and here in my country they did not banned it not because they don't know what to do but they find bitcoin as an interesting and a great opportunity for the people, and a big help in our growing economy.

I think every country should follow this opinion because we know bitcoin as great opportunity in the field of economic.
Country which ban bitcoin has a lot of thing to think but most of the reason is cryptocurrency decentralized. Not control by them.

[reality18]

Governments banning Bitcoin will be a major blow to the entire crypto industry and major investors. However, Bitcoin has got the support of countries which have legalized it like the South Korea, hence there is no point in panicking about the entire ban of Bitcoin.

[ApocalypseNow]

The governments of some progressive countries are currently in a messy situation financially and they will need bitcoin to solve it whether they like it or not. So I don't really believe that governments like USA that will ban bitcoin for the rest of our lives.

[Evelyne Kayonna]

I think the government will not have the capacity to ban bitcoin, so many countries on this earth legalize bitcoin, only a few of them do not allow bitcoin to enter their country. This is very good technology, if they will still ban bitcoin, they don't want the technology of a country to advance, and they will stay behind.

[dimiinx]

I think the government does not have to forbid using bitcoin, if banning technology right now is useless even though bitcoin is very helpful and very useful for the country and I hope other countries also participate and learn bitcoin so that today's technology is advanced and successful

[Chachen19]

If bitcoin is banned by the government, it is unfortunate for the cryptocurrency market and further the crypto market will have some impact on the level of transaction and the market will be affected by government bans.

[Jay51]

I think many bitcoiners will be disappointed because it is opportunity to earn money and have a good source of fund so that disappointment will feel if Government Ban Bitcoin.

[XBBlade]

Don't be silly. Bitcoin won't be banned by the government. But, to play devil's advocate..... If they do ban Bitcoin we'll see Monero rise in price and most likely become #1 cryptocurrency.

[tuturutmunding]

it will hurt bitcoin investors especially for those who rely on the livelihoods of bitcoin mining it is clear if the government bans bitcoin they will lose their livelihood and it will increase the number of unemployment which can have a negative impact on the economy

[Brama Jasa]

I think the government will not have the capacity to ban bitcoin, so many countries on this earth legalize bitcoin, only a few of them do not allow bitcoin to enter their country. This is very good technology, if they will still ban bitcoin, they don't want the technology of a country to advance, and they will stay behind.

I think this is not a technology problem to make the country accept bitcoin, but the government still has not legalized bitcoin because bitcoin does not have a law if it is used in its country, maybe in the next few years there are many countries that use bitcoin. all need processes and considerations to use bitcoin in the country

[btccointalk]

I doubt if government can ban bitcoin. I think its not possible.

[Labib1]

If it will be banned i think its a very crucial issue for the earners in the country who banned bitcoin. Bitcoin is an alternative of a much faster transaction and bills payment.  I am convinced that the demand for the bigger the government will not ban bitcoin for transactions.