What do you think about the price of Bitcoin if Donald Trump can ban Bitcoin ?

[bL4nkcode]

He cannot ban what he does not have control over.

He can, but that doesn't mean its the end, more people will support BTC coz obviously, the government doesn't want it.

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

That would people in the US will actually do once a ban lifted in there.

[yazher]

The price will surely fall off the track but does not mean that the bitcoin will die after He Banned it, remember China has Banned bitcoin too but it remains until it recovered its price again. so if Trump banned bitcoin, it will not affect much it just one of the worst decision he will make.

[TimeBits]

I mean you can`t really ban bitcoin, You can outlaw it in your country. It would have 0 impact on bitcoin itself, other than speeding up the network a little once all the traders were done changing exchanges and some leaving the market/bitcoin.

As for the price sure the market may go down a little for a bit, but it would go back up and when other countries and merchants refuse USD over it, which they will, I promise you, then It will go back up a fuck load.

Just know it will be your only time to get cheap coins again if he "banned (outlawed in his own country)" bitcoin, that will be the last big dipper.

[pooya87]

any kind of negative news in any kind of market out there always causes a downtrend in that market, there is no exception either. so your question is half answered, obviously bitcoin price could fall if that hypothetical situation happened.
but again like any other market the value doesn't come from random news whether positive or negative. the value always comes from the utilities and bitcoin won't change when a country bans it or when a country adopts it, bitcoin will remain the same resilient decentralized currency as it has always been. so the other half of the answer is that price would rise back up after the "drama" ended.

[Fundamentals Of]

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.

I am actually underestimating this US president. And I don't believe that there will be a significant drop of Bitcoin's price even if Trump will declare it illegal. Look at how Bitcoin fared when he made his infamous statement that he does not like Bitcoin at all? Not only did he say that he does not like it, he also associated Bitcoin with crimes. Was there a drop? Not a single Satoshi.

If he cannot even fire a member of his white house press, how much more firing Bitcoin from the entire US?

[Rinso]

i think if donald trump ban bitcoin it's doesnt mater with the bitcoin prices because bitcoin holder not just from the US.

[Ozero]

It is unlikely that Donald Trump will prohibit the use of Bitcoin. From his statements on social networks it is seen that he expressed his opinion as a person and as if from an observer.
However, if he does this as the president of the United States, then this will cause a bitcoin price reduction for a while. We see that such bans are ineffective.

[Kakmakr]

Donald Trump will face the full force of some very powerful companies in the courts, if this happens. A company like Coinbase can fund a lot of lawyers to fight this all the way to the Constitutional court and we have seen previous court cases on encryption technology that has already paved the way for them not to even attempt this. <Courts already made the ruling that you are allowed to encrypt your data> 

We also saw what happened in the US when they banned the nationwide sale and import of alcoholic beverages, called the Prohibition. People just went underground and started to do this illegally and this robbed the US of millions in tax income for years. We already know Bitcoin is unstoppable, so you can guess what will happen if they start banning Bitcoin too. 

[squatter]

Donald Trump will face the full force of some very powerful companies in the courts, if this happens. A company like Coinbase can fund a lot of lawyers to fight this all the way to the Constitutional court and we have seen previous court cases on encryption technology that has already paved the way for them not to even attempt this. <Courts already made the ruling that you are allowed to encrypt your data>  

It's not about data encryption, but rather the ownership of a certain kind of property. I think it's unlikely but as pointed out earlier, the US government could outlaw private bitcoin ownership just like they did with gold for 40 years. Gold confiscation by the government was never found to be a constitutional issue.

[bering]

He only says few words through an social media but it's makes crypto users around the world speculate about the future of crypto but it would be different if those tweeted came from the presidents outside US however if this is happen then i think the price suddently fall as some of people always be utilize bad news about crypto to dumped the price but i don't think it will be last long consider most of bitcoin users not only came from US

[cipherhut]

No one will directly ban the Bitcoin or accept the bitcoin due to some background history but the price hike and the increasing acceptance capacity of Bitcoin creating a strong global ground for this digital asset.

[romero121]

Donald Trump could ban bitcoin and other cryptocurrencies banned from USA, and the same can't be expected to happen through the rest of the countries. Even now there are more countries that have banned the usage of bitcoin, yet the usage from people keeps continuing. I believe there will be such disturbance in the market if Trump takes some initiative to ban bitcoin, other than that there won't be big impact.

[sandra_x]

If Politicians can absolutely stop bitcointalk,they would have done so by now. Bitcoin was designed to be censorship-resistant, so Trump banning it won't stop its use. We will only have a temporary drawback,then the market recovers,same way it did when China placed a ban on it. It is worth mentioning that the US congress admits that you cannot ban bitcoin. The option they therefore present is to adequately regulate it.

https://cointelegraph.com/news/bitcoin-an-unstoppable-force-us-congressman-tells-crypto-hearing?fbclid=IwAR2NGt1MZuSuCPk_8mk-GN1S6gTGbTPkXK0BE8PDkbjDLwOSGkfb8pbeiLA

[todiboa]

According to the latest news, the US Dollar is possible nearing default. After Trump’s announcement that he didn’t like Bitcoin, the Chinese court found Bitcoin as "virtual property". From this, it can be concluded that if the US bans Bitcoin, China will become the center of cryptocurrency and gain control of the market, Bitcoin will grow by suppressing the dollar and the US will be in a very difficult position

[Slow death]

let's suppose the US president banned bitcoin the price would fall a lot, it would fall a lot because the US is a big power and that would make many countries go the same way as the US and many people who buy a lot of bitcoins are from the US (I don't I have data on this, but I suppose a lot of people who buy a lot of bitcoins are from the US because US people have greater financial capabilities, I may be wrong about that). But according to this article:

Trump Banning Bitcoin Is Feasible But Highly Unlikely, Says Economist

it's not that simple

[longtkhd]

The worst case scenario is when Bitcoin is banned in the US by Donald trump, I think immediately the price of bitcoin will fall as well as a series of other coins, but I believe it doesn't happen when The versatility of bitcoin gives the US economic and military benefits to the US president.

[rdluffy]

We can expect a huge crash in this scenario.

BTC won't die, but with BTC banned, I don't see a lot of people brave enough to take the risks of being banned
And another situation is the institutional money, companies will sell BTC immediately ins this case

[Aero Blue]

We can expect a huge crash in this scenario.

BTC won't die, but with BTC banned, I don't see a lot of people brave enough to take the risks of being banned
And another situation is the institutional money, companies will sell BTC immediately ins this case

Yea, I honestly think the main problem would be the exchanges. Since they would no longer be able to legally run and sell Bitcoin for fiat, it would cause a lot of issues. I think that the chances of this really happening though are quite slim. Donald (just like every president) says a lot of things that will never happen, just to get the crowd going.

[jakelyson]

Bitcoin will definitely take a hit and the price may suffer for some time. I do not know how low it will drop if the US bans bitcoin, but I know bitcoin will still recover from it. Bitcoin is worldwide and not constricted to US. That is the beauty of decentralization. US can ban it but it will still continue to grow in countries where it is accepted.

[Mulann2]

What does it matter what Trump will do, beside he can only try to ban in usa not in other country, Trump will come and go but btc will still remain supreme, i feel irritated anytime i see all this topic about btc and trump, too much attention on it which shouldn't be, he should focus on doing right by his citizens not on btc.