Bitcoin will Be 1M$ if all countries Ban it

[ivakar]

in fact I would not be so positive on this.
in the case global bitcoin shutdown, bitcoin's traffic could be easily intercepted and as result blocked on the root switches
the only possible way is to develop highly secured traffic...
and also one more point, if bitcoin will be for people who "understand", that means it will become niche product, as result its price will be low

[fortunecrypto]

IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and  Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.

What do you mean ban, you mean totally not trading and using, that's wishful thinking, I don't know if that will be possible, because no single governing body can control individual action, the uses of Bitcoin is a cumulative action of all who believes in Bitcoin, you cannot ask people to stop using for even a single day, and your theory is not back by common sense and sounds theory.

[barabarian1]

if I think otherwise when all countries reject bitcoin. then the request will be reduced and the offer will certainly increase this will make the value of bitcoin down. and when bitcoin is banned the number of investors will decrease because they are afraid of being caught by the police. maybe bitcoin will be traded on the black market but i think its value will be higher on the free market than on the black market. and trading on the black market there is a risk of being caught.

[Driggers95]

maybe you are a bit right with a statement like that, but if it really happens then it also affects us as bitcoin hunters, because we will be very difficult to access the internet into the sale of bitcoin, because maybe the government has blocked it, and many more risks we had if the government of the entire country actually banned bitcoin ..

This is ridiculous. Bitcoin won't increase its price if all country will ban it.

We know very well that the reason for the increase in the price of bitcoin is because of demand, if ever that the whole world will counter the dominance of bitcoin, its demand will drop and it will start to become useless.

The trend is that, the price of bitcoin goes up depending on the needs of many people around the world, more people, the price will be higher but when the ban applies to the world, people cannot continue to use it, dumping will happen, instead of providing resources for bitcoin to go up, Bitcoin cannot go up when every user cannot use it. And it is surprising that the price of bitcoin can reach one million dollars, I do not believe that many people are waiting for this record price, most of them think they will sell at prices above $20000 and below $35000.

[Gotumoot]

If bitcoin is already banned worldwide how is it going to be used? For illegal activities? Do you think people would be bad enough to just use bitcoin? No. So your theory is wrong because no one will buy Bitcoin at a expinsive price if they know it will no longer be available in the real world. So the price of bitcoin will drop further.

[Wysi]

This sounds baseless and unrealistic as there are so many other altcoins which are ready to take over in case of bitcoin is banned, I believe Ripple will make use of the opportunity as it's already claimed as centralized crypto which is not officially accepted by it's developers. I believe there will be more chaos as some of the most powerful people in the world have invested in bitcoin so they will not let bitcoin to be banned in first place and we cannot expect the values to go high within few months after the ban when we as a community do panic selling for a minute dump.

[moreblockchain]

I understand your point of view, however, the whole picture is very favorable for Bitcoin in terms of acceptance, every day more important companies accept their payments with BTC, therefore, thinking of a massive prohibition scenario is unlikely, as the demand in an accelerated way, then its price will also do it, it is worth remembering that the issuance of Bitcoin is just 21 million.

[Dreamr]

IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and  Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.

No. the bitcoin price is growing based on the market demand and without it, the bitcoin price will go down to zero. If countries all over the world ban bitcoin then the demand for bitcoin will be very small since there is a mass ban for bitcoin that will drop the bitcoin price to the lowest level.

[Expecto]

IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and  Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.

I don't think that all the countries will take a risk by banning Bitcoin. If all the countries ban Bitcoin and an economic crisis happens, governments won't have much to do about it. Because I think that cryptos are one of the best options as an alternative.

[shield132]

IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and  Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.

I guess if whole world bans bitcoin then it will get harder to mine it so transaction fees will skyrocket and make almost impossible to send payment.
What about bitcoin that worths 1$-1$? I mean stablecoin with great anonimity and low transaction fees? Won't it ruin your whole idea behind the prediction of bitcoin's price if every country bans it?
Also if bitcoin crashes hardly in any case, doesn't matter reason, it will be very hard to gain powers back, so it's not something I would ever wish.

[mr3dds]

I don't agree with that all. It will vanish if all countries refused it. Any thing gets its value from legal trades only.

If something has illegal value without any legal use, it won't exist anymore.

Any criminal have legal needs like food, place, cloth, medecine, education. These services givers are exclusively legal.

What can I do with btc if no one is accepting it legally?

[Reosta_]

IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and  Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.

Things don't work exactly in that way. What demand are we talking about ? If all countries ban Bitcoin, why does the demand increases according to your logic ? I think the opposite and I think the demand for Bitcoin will start to go down in a situation like that.

[LUCKMCFLY]

<..>

If many countries are banned, there could be a great demand through DeepWeb, where anonymity is more guaranteed but requires much more risk. Demand increases when Bitcoins are lost, that is, if there are people who lose their private keys or something happens and / or demand will always be given as they eliminate the offer at low prices.

Bitcoin will not die if countries around the world are banned, ways will always be created to obtain Bitcoins even illegally (against the policies of countries that forbid it) although I think it might not be possible, they cannot go against the flow.

The current trend is to attack Stablecoins, they believe that their local economies may be threatened, Bitcoin represents a refuge from any catastrophe of a global nature or a global economy crash, such as the one that occurred in 2008, which was actually a total disaster.

[gunhell16]

IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and  Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.

If bitcoin will be banned all over the world then why the coin will have more demands to reach that price?
The authorities will surely go around and catch bitcoin holders (sellers and buyers). This will be gone in the market!
I really don't get it!

[Rufsilf]

What it makes sense if all country banned Bitcoin? Would anyone have the risk to buy it even they know that he/she can't make a market on it? Of course, no one and we can't expect that bitcoin will reach that price or would like to see its value turn to 0$.

Bitcoin moves so high over 1$ because of market demand and also the competition. Bitcoin becomes so valuable also because it has the purpose and we actually enjoy that and to know that, it will still continue its journey for many years to come.

[WatchMaker]

Why would all countries ban bitcoin anyway? Some countries are already enjoying the presence of bitcoin and other cryptocurrencies in so many different ways. Some countries like Japan, Malta, and South Korea's economy are booming because of cryptocurrency businesses in their countries. Also, some countries like Iran, and North Korea are doing well because of cryptocurrency, they are using cryptocurrencies to bypass both U.S & E.U sanctions.

[hotmom]

I also believe that many countries in 1-2 years will form their cryptocurrency portfolio. They will at least do this to protect their own interests. This will certainly be done by developed countries that have free financial resources.

I agree with you, it is inevitable

[RealMalatesta]

IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and  Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.

The moment that worldwide government ban bitcoin, then bitcoin is already gone, only few people will be bold enough to start using it and they will not be encouraged because there will be very little or no volume to carry make their trading transaction successful.

It would even be very impossible for bitcoin to be banned now because out of many nations of the world, there are several ones that have already adopted the use of cryptocurrency already and are already benefiting from it which will make it difficult for anyone to actually change their mindset or stop them from using it and even if the United states is against it, those government would still be able to use it because they have their own power and control themselves to do what will benefit their country and their economy.

[Sithara007]

Why would all countries ban bitcoin anyway? Some countries are already enjoying the presence of bitcoin and other cryptocurrencies in so many different ways. Some countries like Japan, Malta, and South Korea's economy are booming because of cryptocurrency businesses in their countries. Also, some countries like Iran, and North Korea are doing well because of cryptocurrency, they are using cryptocurrencies to bypass both U.S & E.U sanctions.

I don't think that these countries are happy with the existence of Bitcoin. But among them, some of the countries (Japan, Germany, Switzerland, Singapore.etc) have realized that as a decentralized asset it is not possible to ban Bitcoin. So they have regulated and legalized the status of Bitcoin in their jurisdictions. Japan has been the role model in this regard.

However, some of the countries such as China and India have taken a more hostile stance. Their approach is to terrorize anyone who dares to transact or trade Bitcoin, so that people would refrain from using it. And from what we have seen, this policy has failed miserably. Both these countries have some of the largest number of Bitcoin users in the world.

[Shasha80]

I think it's very unlikely that bitcoin is banned by all countries, because everything has pros and cons. Likewise with bitcoin
it is not possible for all parties to oppose bitcoin, there must be those who support it. Moreover now many countries have
legalized bitcoin and adopted bitcoin as a means of payment. That used as an alternative to fiat. After all, bitcoin brings many
benefits to human life. So the possibility of all countries banned will not happen.