What will you do if your country did not legalize cryptocurrency?

[Lucius]

~snip~
Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

Bitcoin does not need to be legalized in such a way that some country recognizes it, because it is designed precisely in such a way to allow anyone to own and use it, regardless of what a country, its prime minister or president thinks about it. It is true that there are some countries that have banned Bitcoin, as well as the fact that those same countries also ban many other things that allow people to live freely.

Therefore, I think that for the people who live in these countries there are much bigger problems than Bitcoin being banned, and anyone who wants to have Bitcoin has to take a risk and break the law, or think about whether it's time to move to another country that doesn't have politicians who they behave in such a restrictive way.

[Cookdata]

Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

If you count the number of countries that have banned Bitcoin and crypto, they are only a few of them as compared to the number of other countries where it is been recognized, legal and alegal by status, and the fact that these minor countries ban it doesn't stop crypto from functioning, it has always grown without them and will continue to do and besides, there are many people who still do it despite the ban on the legality but not having that freedom to exercise pose some risk on them.

My opinion is this, I don't have the numbers of people that trade crypto and the level of job opportunity outreach that crypto has created but I can say for sure that less than half of people in crypto do trading, more often than not, they prefer to hold it than been traded due to the volatility, I still think people care less of what the status say about bitcoin and other coins, they will buy and hold and protect their seed phrase and private keys without the need to show the public they hold bitcoin, is as simple as that. If their investment matures, they can sell using P2P either through a centralized platform or a decentralized one without having to fear the consequences.

[Agbe]

What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

Even my country banks are not accepting cryptocurrency transactions yet we the highest cryptocurrency investment country in Africa. So if your country is not accepting/adopt bitcoin then you can switch to p2p, I don't think no country in the world the individuals are not using bitcoin even though the country ban it they smart guys are investing in it and making transactions through p2p system. I am not sure that any country in the world is totally out of bitcoin, that is they are not using bitcoin at all. It is not possible, though bitcoin is still at the early stage but it has gone viral. Some countries that are not using bitcoin is because the state government is afraid that bitcoin would take over their country Currency, that is bitcoin would over throw the Fiat currency because the force the youth is using bitcoin is higher than the Fiat currency in term of investment so they have to stop it from circulating in the country yet the still use another means to use the coin.

[Issa56]

One way is through P2P but you have to be careful not to transact with an undercover police officer.

You are right, but investigation must be done before trading with anyone when making use of p2p, and you have to avoid using different people, just get one reliable person and always use the person frequently. If you keep on changing people, you might end up falling in the wrong hands one day, so just get someone who is reliable and always use the person whenever you are using p2p.

To avoid issues with law enforcement agents you can move to a neighboring country to carryout your transactions and come back.

Are you serious about your opinion? How will you keep on going to a neighboring country whenever you want to make a bitcoin transaction? That's one of the worst suggestions I have seen, so whenever I want to make a transaction, I will have to spend money to leave my country. What if bitcoin is also illegal in my neighboring country? then i will have to pay money to fly to any country where bitcoin is legal just because I want to make a transaction. I don't even think that will be possible because it's a complete waste of money and time.

If you have the opportunity to move permanently to another friendly country, it could be an option. But if you are a long-term bitcoin investor, mastering privacy skills can help you keep your coin secret. But it will be better to be a law-abiding citizen of your country.

I don't think I can move to another country just because I want to make use of bitcoin. How will I relocate permanently with my family members just because I want to make use of bitcoin? I know there are different ways I can access bitcoin, even if it's illegal in my country, but I know it will be done in a hidden way. If I am making use of bitcoin in my country, that does not mean I am not a law-abiding citizen, because I know there is nothing bad in using bitcoin, the government is just making people think that bitcoin is bad, but we all know the reason why the government is against bitcoin.

[Kasabus]

Bitcoin enthusiasts does not stop there when your country does not legalize bitcoin. Continue your routine of accumulating more bitcoin, but stay being low key and private so that the people around will not be suspicious that you are into bitcoin. Bitcoin has its anonymity feature so I don’t think it will be a problem. If you decide to withdraw and use your bitcoin as a payment, then just go into a country where bitcoin is widely legal and is free to use so you can also enjoy your fruits of investment.

[Finestream]

Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin and your country did not legalize cryptocurrency?

The main reason for government not accepting the Bitcoins is the decentralised nature of the coin. Due to this the government cannot control the Bitcoins or neither can impose tax on it. Hence they not making Bitcoins legal. If you are a crypto user, and government is setting up restrictions for you, then you can directly to P2P transactions to buy or sell the coins. You need not have to rely on the exchanges on your country, and no one can know how many Bitcoins you are holding in your wallet.

Right. These exchanges are regulated so never buy or sell from them so you won’t be caught by the government. But never be afraid to continue what you have started because for sure a lot of peer to peer exchanges are out there for bitcoin transactions. Just never disclose to anyone that you have bitcoin holdings so the people won’t be eyeing on you. Even if the government decides to legalize bitcoin, still it’s a safe thing to keep it to yourself that you have bitcoin in your account so can avoid from being the target of scammers.

[Best-mary]

Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

Why government don't want to make Bitcoin as a legal means as of now is because they can't control it due to Bitcoin's decentralised nature but that is not an issue either because exchanged are now implementing the use of P2P of which one is even doing some giveaway. So yeah, we can always Improvise.

[Franctoshi]

There is always gonna be a way out, for instance in some countries, some gambling sites are banned or restricted, and yet some citizens in those countries still find an alternative way to bypass the government ban on these sites and get themselves involved in betting.
If the restrictions are much in such a way that it will be difficult for me to do any transaction, as a crypto Enthusiast I will consider moving to a crypto-friendly country like El Salvador, on the other hand, in a worst-case scenario if P2P isn't available too I have friends and families that are living abroad I can use to carry out my transactions, I will send them my local fiat currency to purchase some Bitcoin and send to my wallet.

[Blitzboy]

Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

If you count the number of countries that have banned Bitcoin and crypto, they are only a few of them as compared to the number of other countries where it is been recognized, legal and alegal by status, and the fact that these minor countries ban it doesn't stop crypto from functioning, it has always grown without them and will continue to do and besides, there are many people who still do it despite the ban on the legality but not having that freedom to exercise pose some risk on them.

My opinion is this, I don't have the numbers of people that trade crypto and the level of job opportunity outreach that crypto has created but I can say for sure that less than half of people in crypto do trading, more often than not, they prefer to hold it than been traded due to the volatility, I still think people care less of what the status say about bitcoin and other coins, they will buy and hold and protect their seed phrase and private keys without the need to show the public they hold bitcoin, is as simple as that. If their investment matures, they can sell using P2P either through a centralized platform or a decentralized one without having to fear the consequences.

Bans on Bitcoin and other cryptocurrencies may exist in some countries, but they pale in comparison to the widespread acceptance. It would be like attempting to stop the tide with a broom. Blockchain technology's decentralised design works against the centralization of power.

Now, you're right about the debate between trading and holding. The "hodl" culture has taken off in the crypto community. People are less prone to short-term trading now that they see the long-term possibilities. Consider the mindset of the first Bitcoin users; they werent interested in making a quick buck, but in building a decentralised monetary system. Many people prefer P2P exchanges and choose to keep their holdings secret, which further increases the system's security and anonymity.

[Asuspawer09]

Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

I mean in my country Bitcoin and cryptocurrency weren't really legal but at the same time it wasn't illegal to buy or have a transaction on cryptocurrency, In my opinion since cryptocurrency most of it like Bitcoin was centralized there wasn't really any need for it to be legalized since it is just like the internet it will still going to operate as long as there is a community. In the past year cryptocurrency wasn't really that popular and in my country there are probably a only few people who invest in it and believe in it, most people identify cryptocurrency as a scam because it is always involved in illegal transactions like what they see on the news, but today it is already adapted by a lot of companies and even banks here in my country support cryptocurrency. So without any legalization cryptocurrency is gonna continue to adapt in a lot of countries and in my opinion there is no need for it to be legalized, I mean government might just do something about it, trying like taxing it or something like that which is a bad thing for people who invest on it.

[Razmirraz]

I know that my country will never legalize Bitcoin, the reason is because Bitcoin is decentralized and the government will continue to maintain fiat money as a legal means of payment. But I don't care about the government's decision, I will legalize it myself, in my own way and without asking permission from the government first.

I have the right to determine my own destiny in facilitating foreign transactions and online shopping using Bitcoin. So far I have benefited a lot from Bitcoin even though the government in the country I live in only considers Bitcoin as a commodity asset, I have made many transactions using Bitcoin when shopping online. The government never knows about any activity I do because it is private and there is no need to use third-party services.

[terrific]

Bitcoin enthusiasts does not stop there when your country does not legalize bitcoin. Continue your routine of accumulating more bitcoin, but stay being low key and private so that the people around will not be suspicious that you are into bitcoin. Bitcoin has its anonymity feature so I don’t think it will be a problem.

And those who owns it should make themselves anonymous because to those people that are in countries where it's not legal, you'll have a bad time defending yourself.

If you decide to withdraw and use your bitcoin as a payment, then just go into a country where bitcoin is widely legal and is free to use so you can also enjoy your fruits of investment.

Even it's not legal, there could be other enthusiasts that are also hiding in shadows but are willing to do the deal done.

[Natalim]

What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

I could not think about leaving my country just for this sake. Therefore, I have nothing to do but to stay away if that is illegal in my country. Can't force myself to invest when it is against the law unless I want trouble but I want peace.

It is very unfortunate for those people who live in a country where there is no freedom to invest in Bitcoin. It was indeed a great opportunity for them but it was hard to go against the government and suffer the consequences. And such an opportunity becomes hopeless.

[rojan]

Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

I am a big fan of Bitcoin but in my country Bitcoin is not legal In my country if anyone uses bitcoin openly then legal action is taken against him and the government has announced that if anyone suffers financial loss through bitcoin then the government will not be responsible for it and central Bank is not ready to compensate for it. On the contrary, legal action will be taken against him. Yet in my country HUGE number of people trade and hold bitcoins. Since Bitcoin is a decentralized currency, even if the government tries hard, it cannot stop the use of Bitcoin.

It is very admirable that you continue to use Bitcoin despite the lack of Bitcoin legalization in your country. But as the use of bitcoin is increasing day by day and big companies have started accepting bitcoin and since huge number of people are involved with bitcoin in your country even though bitcoin is illegal in your country, it is expected that bitcoin will be legalized in your country in the future. Then you will be the most expert person in the country who will know about Bitcoin and make big things with Bitcoin in the country. good luck for you bro

[Z-tight]

Why government don't want to make Bitcoin as a legal means as of now is because they can't control it due to Bitcoin's decentralised nature but that is not an issue either because exchanged are now implementing the use of P2P of which one is even doing some giveaway. So yeah, we can always Improvise.

BTC has always been p2p electronic cash right from the time it was created, it was created for transactions to happen between peers, but without any central authority as an intermediary or third party. By the way what does the "giveaway" in your post mean, i don't understand what you mean, but take note that there are a lot of scam platforms in the network and if you are promised coins in any giveaway but you are asked to send funds to them first, then it is a scam.

[Bd officer]

......
What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

Bitcoin is illegal in the country where I live. Millions of people in our country are involved in cryptocurrency while maintaining privacy. I have invested in bitcoins keeping privacy. I don't know when the government will legalize Bitcoin in our country. However, it is heard that Bitcoin is becoming legal in different countries of the world. If Bitcoin gains more popularity, maybe it will be legalized in our country. But I would hold Bitcoin for a long time in any case.

[moneystery]

Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

it is unlikely that the majority of governments in the world will legalize bitcoin because we know that the nature of bitcoin is decentralized and anonymous, and governments hate it because they cannot monitor and tax transactions made by users. not to mention that bitcoin has various features that have the potential to disrupt the distribution of fiat and the government will not allow that to happen.

actually it's not a problem for me. as long as there are p2p platforms and internet access, it doesn't matter to me whether the government wants to legalize it or not. even though it's a little more complicated because i have to circumvent government monitoring, that's not a problem for me.

[Rruchi man]

Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

There are more countries where bitcoins have no status or an illegal status than a legal status, and from many of those countries, there are still forum users from there. Smart investors do not care about the opinion of the government on bitcoins because they know the merits. There are ways to keep your activities of having bitcoins secret from the government and avoid punishments. Many people have already opted for that option than choosing not to invest in bitcoins because they understand the regrets that will follow for choosing to follow the government whose decision is sourced from biased opinions.

[Crypto Library]

Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

I also belong from a country where  Bitcoin/ cryptocurrencies is illegal. Regularly we have warnings or notifications on our phones and posters in various places that trading cryptocurrency is illegal and you may go to jail.
Still, a survey showed that around 4 million people in our country are connected to this crypto currency world. Currently I can not remember the news source. However, 4 million people is not a small number. So I think here if one follows the privacy protocol and some tricks then I think even if Bitcoin is illegal in your country you can work with it, but you may not get the full facility that if Bitcoin is legalized. In this case I think  if in your country Bitcoin is illegal  even then if you want to work with it  First of all  you have to learn the  how to maintain privacy.  You can also get help from your local community if you want.

[3kpk3]

It's pretty simple op. VPNs! Don't use free VPNs. Instead, subscribe to a high quality paid VPN service which will help you stay anonymous online and dabble with all cryptocurrencies without any issues.

TOR is another useful alternative in my opinion. World governments cannot stop BTC no matter how hard they try and they know it.