Will governments ban Bitcoin like they did with Gold?

[Mr.sprin]

I read a lot about bitcoin bans in several countries, like recently China banned bitcoin, it's true the price went down and there were also countries that legalized bitcoin and at that time the bitcoin price went up but I believe in bitcoin the future will be better and many people are happy with bitcoins. so when the bitcoin price goes down this is a good opportunity to buy bitcoin.

[ShowOff]

Bitcoin can still be banned in some countries either as an investment or its use as a currency. But until now bitcoin is still allowed to be traded widely, as an investment asset, and some countries have even legalized it as a legal currency. The government could probably ban it if they wanted to, but there was something they could think of that might be profitable, so they would just tighten and regulate it instead of having to ban it.

But if the government want to make it a centralized asset, then I'm sure they won't be able to. They can only manage it and hinder its use and adoption, but they cant create a centralized. About what is happening in China, maybe they think that bitcoin can destabilize the economy and can damage the environment from mining activities so the ban is a reason to ban it. This will also be the reason other countries if they want to ban it.

[AicecreaME]

Many people have been talking about a full government ban towards Bitcoin. Some said that Bitcoin could be banned the same way Gold was banned a couple of years ago. This is to prevent people from using Bitcoin and other cryptocurrencies on top of Fiat. After all, governments want to control people's money. Something that's decentralized and outside the reach of the government, should be banned from the face of the Earth (according to governments' mindset).

What do you think? Will governments (especially the US government) ban Bitcoin like they did with Gold? Or is it too late to do something about it? Will Bitcoin survive if all governments unanimously agree to ban its usage worldwide? Your input will be greatly appreciated. Thank you very much.

I think it's nearly impossible for the government to totally ban bitcoin. Bitcoin has already came so far. It has many user all over the globe. Many have been patronizing it since the day it was established. Even the big personalities are investing in bitcoin. That's how powerful it is at the present. I also don't think that government would ban it anytime in the future because they are also harvesting the benefits such as additional income taxes that is good for the economy. And if ever they will opt to ban bitcoin in their country, surely their people will keep on finding ways on how to access their account despite the strict regulations and policies imposed.

You see, the truth is, government can't control or manipulate cryptocurrencies growth. The more they keep on suppressing it, the more it will expand. No matter how hard they try to keep it away from being used by their citizens, it will be no use.

[Philipruch]

The Ban of Bitcoin is highly difficult as long as it's regulation is not attached to government or anyone, therefore more participation should be encouraged as there is little or no fear to trade on it

[geegaw]

I read a lot about bitcoin bans in several countries, like recently China banned bitcoin, it's true the price went down and there were also countries that legalized bitcoin and at that time the bitcoin price went up but I believe in bitcoin the future will be better and many people are happy with bitcoins. so when the bitcoin price goes down this is a good opportunity to buy bitcoin.

China attacks directly on mining operations, which are areas that contain too much physical equipment and most of these are large manufacturers, the chance to continue being able to evade is not high with the government's decisive action but this is also an opportunity to be opened with many other options, sometimes many countries will welcome this accession. Basically, this method of banning only affects miners directly, for other parts of crypto, it has absolutely no effect, this is something that has been announced for a long time, the government can only threaten

[BITCOIN4X]

The government ban on bitcoin can still be done if the government want to do it. But if they wanted to, why didn't they do it in the first place and why should they do it now?

Bitcoin and exchange can be banned by the state if the government of a country find the tremendous impact of using it as an alternative currency in illegal acts such as money laundering of official that cant be prevented. But afaik,, KYC and AML have given the government the opportunity to take precaution while they are not banning the trade. I don't think the government will do it like they banned gold, if bitcoin is legalized then I'm sure people will use it like people use gold as a mean of payment.

[Abiky]

Even if 50 countries decide to ban Bitcoin it can still win. It would need almost the entire world to get rid of Bitcoin and even then Bitcoin isn't gone. How are you going to destroy it? The blockchain is out there on millions of computers. Another government could change their mind and boom you can just activate you wallet and there you go. You can't eradicate Bitcoin. You can only try to somehow make it difficult for people to use it, probably you can't even prevent them from getting it when there are decentralized exchanges involved.

Governments won't be able to "eradicate" Bitcoin. But they'll be able to restrict people's access to it. This is easy to achieve, considering that centralized exchanges dominate the crypto market. By preventing people from exchanging Fiat to BTC (and vice versa), governments will be able to put Bitcoin's mainstream adoption on the ground. Of course, the Blockchain will still be alive. But only a very small minority will use it, while the rest will carry on with Fiat. People will think twice before using Bitcoin as they could face fines or jail time. You'd have to move to a country that's friendly towards Bitcoin to prevent this. I wouldn't worry about a Bitcoin ban as long as there's a country that supports it. Just my thoughts

[Lordhermes]

I Don't Think government ban bitcoin. And you know nowadays everyone know about bitcoin and how big is the bitcoin future, so they use bitcoin legal or illegal  

Some Government actually placed a ban on Bitcoin in their country. For example, Nigeria Government banned Bitcoin in Nigeria. But Although, Nigerians still buy and sell Bitcoin through peer-2-peer, which means that Bitcoin can't be stopped. Without doubt, Bitcoin have a bright future, and is known through out the global.