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Author Topic: What do you think about the price of Bitcoin if Donald Trump can ban Bitcoin ?  (Read 888 times)
Handsome Boy
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July 21, 2019, 03:46:29 PM
 #1

US President Donald Trump Says He’s ‘Not a Fan’ of Bitcoin





so if Donald Trump has the power to ban Bitcoin, what happens to Bitcoin in the future? the price of Bitcoin will continue to fall and die or the price of Bitcoin will continue to grow and increase? let's give your opinion because I want to hear your response.

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July 21, 2019, 03:57:52 PM
 #2

If politicians could ban Bitcoin, they would have done it by now.
They can't ban it.

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July 21, 2019, 03:59:55 PM
 #3

US President Donald Trump Says He’s ‘Not a Fan’ of Bitcoin





so if Donald Trump has the power to ban Bitcoin, what happens to Bitcoin in the future? the price of Bitcoin will continue to fall and die or the price of Bitcoin will continue to grow and increase? let's give your opinion because I want to hear your response.


The price of bitcoin will have no effect even if the president of USA bans it. There may be temporary panic in the market but it will recover because the demand of bitcoin worldwide will never decrease ,rather it will increase with the passage of time.

I would suggest everyone not to panic from such statements and also Donald Trump will not take any such step to ban bitcoin in his country.

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July 21, 2019, 04:05:14 PM
 #4

Let us say for example a law to ban bitcoin was passed in the US, the price will go way higher simply because of the difficulty of buying it. Some people will still buy bitcoin even if it's declared illegal there.  
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July 21, 2019, 04:10:51 PM
 #5

Trump saying he is going to ban Bitcoin is like him saying he is going to build a border wall. Neither will happen. I wouldn't worry about it too much, but his tweets certainly do affect the crypto-market, along with the regular stock-market. Like I always say, there is no bad publicity for things like Bitcoin.

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July 21, 2019, 04:19:35 PM
 #6

I think the prices will most definitely drop if Trump would ban bitcoin, simply due to the fear of people owning it. I have no doubts that majority of the Americans will sell, while the others will just hide their coins on their wallets and not use them for now.

P.S. Governments can't ban Bitcoin per se, just as they can't ban torrents, but they can definitely make the ownership of bitcoin illegal. Probably by giving penalties like jail time and such.

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July 21, 2019, 04:30:46 PM
 #7

Let us say for example a law to ban bitcoin was passed in the US, the price will go way higher simply because of the difficulty of buying it. Some people will still buy bitcoin even if it's declared illegal there.  
+1 to this one, bitcoin's network doesn't depend hugely on USA, if they take this decision, this will be another proof of their dumbness which I don't think they are.
But still imagien USA banned bitcoin: what happens? Alternative ways, bunch of VPNs and mining/operation from current companies will continue from different location. In any way it's hard to run service from USA because of high costs, so this decision won't affect current US companies seriously, that's good. Then probably people will massively start to use VPN and access their coins this way.
If USA banks bitcoin there mustn't be massive panic to my mind.


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July 21, 2019, 04:39:17 PM
 #8

I think the prices will most definitely drop if Trump would ban bitcoin, simply due to the fear of people owning it. I have no doubts that majority of the Americans will sell, while the others will just hide their coins on their wallets and not use them for now.

P.S. Governments can't ban Bitcoin per se, just as they can't ban torrents, but they can definitely make the ownership of bitcoin illegal. Probably by giving penalties like jail time and such.

I don't think the price will drop if Trump bans the bitcoin. Most of the platforms and users are not in the US, most of them are in Europe so I think it'll affect it a little bit. If OP is just referring about the bitcoin then Ethereum and other platforms will lively go pump in the market.

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July 21, 2019, 04:51:26 PM
 #9

He won't
Trust me.
Because still there are things in US itself that shows how some big business men thinks that It could just change the whole senario  in the US regarding it economy.
The 3-4th highest chances of you bumping into a Bitcoins ATM is itself in US only.
He doesn't like it doesn't mean it doesn't support.
I think the future is bright in the US.

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July 21, 2019, 04:57:21 PM
 #10

 There are countries that banned BTC. They can't however stop their people from using it and this will also happen in US if Trump ban BTC, the government just have no jurisdiction over a p2p network but then the price will certainly dip if Trump announce it. I'm not gonna try holding mine if there is a chance to profit, I would sell mine for I know I might be able to profit from it.
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July 21, 2019, 05:00:49 PM
 #11

I don't think the price will drop if Trump bans the bitcoin. Most of the platforms and users are not in the US, most of them are in Europe so I think it'll affect it a little bit. If OP is just referring about the bitcoin then Ethereum and other platforms will lively go pump in the market.

Based from some articles[1] from crypto news sites, from Binance alone, the percentage of traffic from U.S. customers is approximately 15-20%. I'm pretty sure that's a significant number if you ask me.

Also, by the way, Coinbase, Kraken, and Gemini are US-based companies.


[1] https://www.theblockcrypto.com/2019/06/14/us-customers-to-be-blocked-from-trading-on-binance-com/
     https://cryptoslate.com/binance-to-block-customers-in-the-united-states-from-trading-plans-to-launch-binance-us-soon/

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July 21, 2019, 05:04:43 PM
 #12

Oh,come on.The Donald Trump crypto tweets topic is all over the forum during the last few days.
Can we just STFU about it? Sad
The bitcoin price is now stable and the FUD wave is gone(for now).Donald Trump might not be president after 2020.
If bitcoin gets banned in the USA,it's price will go down for sure,but the blockchain will survive.Americans will have to use VPNs or Tor in order to trade BTC after such ban.




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July 21, 2019, 05:24:51 PM
 #13

Sure Trump can ban BTC. It's highly unlikely though, and the ban won't stay forever as cryptocurrency in general will grow. US doesn't want to stay behind the rest of the world.

The price of BTC will drop significantly I think if Trump decides to ban it completely, but that will just be another buy opportunity. Long-term BTC isn't going anywhere, and still heavily undervalued.
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July 21, 2019, 05:39:07 PM
 #14

Trump saying he is going to ban Bitcoin is like him saying he is going to build a border wall. Neither will happen. I wouldn't worry about it too much, but his tweets certainly do affect the crypto-market, along with the regular stock-market. Like I always say, there is no bad publicity for things like Bitcoin.

Trump is not popular among the public and many of his decisions are not been accepted by the public at large. I do not know what is his intentions when he is giving such statements about the bitcoins but overall this is sad for bitcoin community. I hope he changes his opinion about bitcoin soon.

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July 21, 2019, 05:42:16 PM
 #15

Okay. Let's start by saying that it's just one tweet, and that it can be that Trump's just saying what the people who elected him want to hear mostly. America's great, America's money is the best, America's banks are the best and other sh*t like that. Even if the guy doesn't like Bitcoin and would prefer to ban it, he can't. He is only the president, not the king. He cannot make laws, he can only sign or veto them. And his party doesn't have the majority in a part of the parliament. And his party doesn't have the majority in the House of representatives which passes bills, so not a chance.
If he were able to that, though, it could affect the price for a while. But Bitcoin is strong, it would've got out of it eventually anyway.

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July 21, 2019, 06:29:31 PM
 #16

In any way it's hard to run service from USA because of high costs, so this decision won't affect current US companies seriously, that's good. Then probably people will massively start to use VPN and access their coins this way.
If USA banks bitcoin there mustn't be massive panic to my mind.
Wrong. If the US govt decides to ban Bitcoin, it'll definitely affect crypto companies in the US, like exchanges, as well as the entire crypto ecosystem in this country. Also, with a bitcoin ban, you can bet your ass that we won't see Bakkt or a Bitcoin ETF (so, it'll also affect those US-based companies and financial institutions that want to jump into the btc bandwagon), meaning no "massive influx of fresh capital from institutional investors" which is what the BTC community wants in order to see the price and the value of their BTC stash skyrocket.

+1 to this one, bitcoin's network doesn't depend hugely on USA
USA is one of the biggest players in the crypto market, a ban, or something similar on bitcoin in the US, will 110% have a negative effect in the Bitcoin price, and god knows if it'll cause a snowball effect in the rest of world. Then again, chances of seeing a ban on Bitcoin from the US are so low that most of the time I consider discussing the matter a complete waste of time.

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July 21, 2019, 06:33:02 PM
 #17

I don't think the price will drop if Trump bans the bitcoin. Most of the platforms and users are not in the US, most of them are in Europe so I think it'll affect it a little bit. If OP is just referring about the bitcoin then Ethereum and other platforms will lively go pump in the market.
Seems you're understimating how powerful the US president is in regard of its decisions. The price will obviously drops and has great but its not necessary that's the end of BTC, no one can kill BTC except if the whole internet goes down.

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July 21, 2019, 07:02:17 PM
 #18

I think the prices will most definitely drop if Trump would ban bitcoin, simply due to the fear of people owning it. I have no doubts that majority of the Americans will sell, while the others will just hide their coins on their wallets and not use them for now.

P.S. Governments can't ban Bitcoin per se, just as they can't ban torrents, but they can definitely make the ownership of bitcoin illegal. Probably by giving penalties like jail time and such.
May be I will have another chance to buy some more Bitcoin. Those who are truly into Bitcoin they know that it's not going to die very soon in fact never.

OP: If Trump ban Bitcoin then it will be ban from USA, do you think people from the other countries care about it much. In fact they will take this chance and become more richer than Americans :-)

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July 21, 2019, 07:17:11 PM
 #19

He cannot ban what he does not have control over. However, if he happens to kick against Bitcoin, that might seriously dampen the price of Bitcoin for some time, as he might influence other allied countries to do same. However, that wouldn’t last long as cryptocurrency will keep growing and he would not be in that position forever.
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July 21, 2019, 11:21:22 PM
 #20

If politicians could ban Bitcoin, they would have done it by now.
They can't ban it.

well sure they can. trump could even do it himself. in 1933, FDR banned private ownership of gold by executive order, and required people to sell it to the government at a fixed price. you don't think they could do that again?

of course it wouldn't kill bitcoin, but driving it into the black market would have a pretty big effect.

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