Bitcoin will Be 1M$ if all countries Ban it

[serjent05]

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.

It would be if they do not know that Bitcoin transaction can be traced.  If Bitcoin is banned globally, there is nothing for it to go, it will literally decline in demand because of the fear of being traced.  Black market users are far more intelligent than what you thought OP, they would rather use coins like monero and other privacy cryptocurrency to do their bidding than being compromised by a pseudo anon coin like Bitcoin.

[JeromeTash]

OP, what you posted clearly shows that you know nothing about economics that's demand and supply.

If Bitcoin was banned. It would mean there would be very few people willing to use it for transaction and therefore the price would instantly plummet. To make matters worse, the circulating supply of bitcoin is much higher than it was in 2013 0r 2012 and yet back then, Bitcoin's price was still very low.

Imagine if very few people started using it again now with this bigger circulating supply.

[STT]

I could understand criticism of OP but this idea in a messy way would match previous bans by China of Bitcoin activity where it actually marked a higher price (and other countries also).   I think what happens is the ban is likely occurring because of actual progress by BTC in markets where it is making other monetary means no longer as competitive.   Instead of speculation the ban is quite ironic in showing BTC is a genuine force ongoing that some believe is a threat to their money printing or whatever policy BTC is helping to navigate.
   Its kinda typical of markets that what we think might be a positive or a negative is not the absolute certainty we thought, at least in price terms the arrival of news that should be positive can mark the highest price.

The obvious example being Bakkt recently, its a positive but we got the event; however price then fell some.   No need to live directly off the price at that moment but its quite ironic the positive event arrives with price often then declining, funny in a twisted way.   Buy the rumor sell the news I think is the common phrase and it is more complicated then just a quick phrase but often with so much speculation its very slippery to judge.

[FlightyPouch]

I remembered some posts in the pasts where bitcoin can't be really banned but the OP stated that if the "whole world" banned it so I think there will be no demand here. No investors, that means no price. No price means no demand, and even if this will be sold in the black market, what for? It has no value and since no one will be using bitcoin, that would just be as a collection.

[Immakillya]

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.

Lol. I think the results of worldwide van for Bitcoin will make Bitcoin worthless. No sellers or buyers will be tempt to use Bitcoin. How will it pump like that? Also Bitcoin first used was on black market. Does the price surges like what you predicted? The price back then was only a buck for 1 Bitcoin. This is nonsense. Even only black market use Bitcoin there's only few of them will use Bitcoin. You know why? Because if the government banned Bitcoin, there's no way you can liquidate Bitcoin.

[vintages]

I understand the point you are trying to arrive at but the way you are placing it tend to be misleading somewhat.
Bitcoin is not like any commodity that when scares will come with high price.
When countries ban Bitcoin, many people would not want to own it as it will be termed illegal.
The reason why Bitcoin reached 20k on 2017 was because of high adoption. Therefore, adoption of Bitcoin brings increase in price.

[boltz]

If Bitcoin gets banned worldwide who is gonna use it anymore ? Yea , some of us will still use it in hope that one day the ban will be uplifted but the only ones who will prosper from this are the dark web users, you want that to happen ? I personally want Bitcoin to become a world wide currency not to be banned and declare illegal , this was not Nakamoto's idea when he created Bitcoin. Besides this , banning Bitcoin would create a small demand on it and all of us will loose all the money ...so I think you understood wrong the idea or Bitcoin and Blockchain money.

[Astvile]

Bitcoin now is not yet banned on most big countries and yes the demand is big but it is declining no more new investors are coming in. Come to think of it when all country are banning bitcoin who do you think will go and buy bitcoin from underground /black market? Surely there are alot of people living from that but for sure the population of bitcoin interested people on that market is just very few. If there are no audience interested to bitcoin because of it being illegal demand depletion will be expected and bitcoins price will surely fall off

[Afnan_faizah]

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 understand how can the demand for bitcoin increase if it is banned all over the world. So do you assume that people who can't use bitcoin anymore will sell their btc and contrarian investors will buy it at very cheap price then hold it? May be it could happen. But government continues to try to reduce the level of sales on the black market. For example, indonesian government finally launched the international mobile equipment identity rule to eradicate illegal cellsphone or black market. Bitcoin will survive no matter what but it would be better if the whole world accept bitcoin.

[boyptc]

If all countries will do it, I think it's a restart for bitcoin. Same as the old days, nobody knows it but few use it. The demand isn't going to be massive but at least there will still be some trades happening in some other places.

But this won't help reach that price.

[BlackFor3st]

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.

This is very impossible, if in case the whole world will banned bitcoin then the demand will surely goes down and it's price will crash heavily.

If the users will be the black market only then it cannot raise its price as what you have said like 50x or more to its current price as no one will dare to trade with as they have limited options in cashing it out as it is already illegal.

Their is 90% chance that bitcoin will die if the whole world will banned it and you will be punished if you will still use it.

[serjent05]

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.

Lol. I think the results of worldwide van for Bitcoin will make Bitcoin worthless. No sellers or buyers will be tempt to use Bitcoin. How will it pump like that? Also Bitcoin first used was on black market. Does the price surges like what you predicted? The price back then was only a buck for 1 Bitcoin. This is nonsense. Even only black market use Bitcoin there's only few of them will use Bitcoin. You know why? Because if the government banned Bitcoin, there's no way you can liquidate Bitcoin.

It would not be totally useless, since people can start trading in secret.  Even if Bitcoin is banned worldwide, I believe crypto enthusiast will pursue in using it just for the sake of loving the technology or the psudo anonymity gained by using BTC.  There will be a decline of users but they will never become zero.  Just like how illegal drugs is banned worldwide and yet it is being used and abused everywhere in the world.

[Google+]

I think the OP is ridiculous because when all countries prohibit the use of bitcoin then who will buy bitcoin and where does bitcoin come from? do you still not understand how bitcoin has a sale price ?? I hope you can learn many things from this forum, including learning what bitcoin prices are affected by.

[kooboat]

The opinion in the OP does not make complete sense or the statement is not coherent. In economics, when demand goes up, supply would definitely be in shortage in the long run. But in this scenario, should bitcoin be banned in a number of countries many people would definitely not be interested in holding so the price would consequently dump.

[judeafante]

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 understand the logic ban and it will reach $1 million, who are going to use it when it is ban the black market? they are already using it and trading it, it will in fact over supply the market, it's all about supply and demand, if there is no demand there will be no supply and the supply will sell it to the cheapest possible price until it become useless.
This is one of the dumbest thread I've read we are all for adoption and you want it ban by all countries.

[nreal]

I think this is unrealistic, if all countries ban BTC then owning it is illegal, and no one wants to own it an illegal asset. Nobody wants to own so where will the money flow from into the market to push BTC prices up? Do you think the demand from the black market will be enough to drag the price of BTC when its price collapses? BTC at the black market, finally have to exchange to fiat money for practical use, If unable to exchange to Fiat, hold BTC for what?

[Tipstar]

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.

It may be. But it would be hard to cashout or use it. All countries banning and taking a strict stance against bitcoin would probably kill it.
But there would always be some countries that would trap the opportunity while others fail. Crypto is the future and denial wont stop it.
Crypto is also a way to attract investment in a developing country as the fiat has too much formality to move.

[Kyraishi]

I think your using the mindset of 'there will always be a market for everything, even if it's banned'.

There's no doubt that they'll be a black market that will be established, and a lot of people (but mostly criminals then), will use the currency.

Keep in mind, the best way for Bitcoin to grow in adoption would be if more companies and countries accepted it, and if it was banned, that would be impossible and I don't think we'll see price increases - more so the opposite.

[Tylev]

Even if not all, but most states prohibit the use of bitcoin on their territory, the demand for it will not increase, but, on the contrary, will fall sharply, since there will be no prospects for its legal use. He will stop bargaining on exchanges, disappear from exchangers. Also, the situation will largely depend on how states relate to another cryptocurrency.
In general, for the time being I am not inclined to speculate on this topic, since so far there is no reason to fear the development of such a scenario of events. So far, states do not see any danger to the stability of the global financial system and are not going to take any measures to limit its circulation.

[bounceback]

if the whole country bans bitcoin, it is very sad for bitcoin holders and very detrimental to investors who invest with bitcoin and of course many people are punished for those who mine bitcoin. I am not too sure about all these statements because we know that in some countries that prohibit bitcoin there must be some other countries who also want to adopt bitcoin to advance the technology market. I hope this doesn't really happen.