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

[darkangel11]

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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.

Another prove that you can't ban bitcoin. You can only make it harder for people to do what they want and a government that does it becomes hated.
Bitcoin gives us all a right to vote. If you held bitcoin for a few years you have enough money to go where you want and take your money with you. They can't stop it or take it away like they do with cash in China and many other countries. You can go where you want and move your wealth with you to a country that appreciates you.
They say it's voting with your feet. They don't want you here, so you move and pay taxes somewhere else. Jack Mallers moved to El Salvador because the US Gov. was being difficult, you can do the same and it doesn't have to be that country. Bitcoin isn't banned in most of the world, so there's a lot to choose from.

[ndutndut]

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

In my country, perhaps initially there were still people who were hesitant to invest in Bitcoin because they thought Bitcoin was a scam, fraudulent and unsafe. So finally the government made a policy so that Bitcoin and other crypto could be traded legally as commodity assets only.

Bitcoin as an asset today can be used for investment to become rich in the future. But in my country, bitcoin is illegal if payment transactions use bitcoin, payments must still use fiat. Now in my country there is no need to hesitate to buy and sell Bitcoin, because it is regulated by the government. So investing in Bitcoin is safe, legal and trustworthy.

[dothebeats]

In the country I live in, cryptocurrency isn't legalize but it is also not frowned upon by the government. It exist and doesn't have any legal restrictions and acknowledgement as well. Hence, if nothing changes I wouldn't really mind at all since so far it is working for me. So I honestly do not mind the current status of cryptocurrency in our country. So far, in my years of holding and investing, I have yet to face a problem regarding the government as there is no illegal act in holding or investing crypto. Perhaps in a different country where there is a law mandating it, it will be much different.

[ChiBitCTy]

Fuck any sort of communist nation.  By not allowing bitcoin to be legal in your nation scream one main thing "we are scared of bitcoin and what it means to our own fiat currency, we understand it's decentralized nature goes against what we want, therefore we aren't going to allow it to be used in our country". 

Bitcoin scares the powers to be.  So I would continue to buy/sell/trade OTC or via decentralized exchanges.

[NeilLostBitCoin]

I hope evil-doers people will be caught instead of the people who use it to earn money, like trading. I would continue to use Crypto-currency even if the government did not legalize it. As long as I earn without harming or scamming anyone, I would love to continue using Crypto-currency.

Instead of illegalizing it, I believe the government should use it to increase transparency in government funds.

[asyezuner]

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 someone wants to use or invest in cryptocurrencies in a nation where they are not yet legal, they should think about the potential legal repercussions and speak with legal professionals to learn about the particular risks and implications of doing so. if they feel that the legalisation of cryptocurrencies would improve the economy or society of their nation, they may push for changes in the regulatory environment through peaceful and legal ways.

[Rockstarguy]

If my country banned bitcoin & I wasn’t able to buy & sell in my country then I’d have to move to live somewhere else. Bitcoin is such a huge part of my life that living in a country that’s hostile to it just would not be possible for me.

This can be the only solution of buying bitcoin by moving to another location but this can be a very difficult for one because relocating to another country or town means starting life all over, getting a new job. This  won't be easy for people who already have business or a job which is their source of income to afford bitcoin.

It won't be easy to own a bitcoin in country bitcoin is banned because people who even have bitcoin to sell will be so private about  it. In country where bitcoin is banned it is either to buy through reliable person that is related to you from another country

[m2017]

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?

Any problem or task can be solved in different ways. Often, several. It is difficult for me to give a definite answer at the moment because the legal status of bitcoin in most countries remains unknown. How will I proceed if bitcoin is not legalized? Now I can only speculate, because I prefer to solve problems as they arise.

Here are some possible solutions:
- continue to use the bitcoin despite this, because it is almost impossible to track it unless you convert btc into a traditional monetary system and maintain confidentiality measures.
- move to another country that is more cryptocurrency-friendly.
- don't use the bitcoin in the host country, but when traveling to bitcoin friendly countries, use it. That is, use it periodically and where possible.

[Hatchy]

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?

A countries restrictions doesn't stops you from investing in Bitcoin mate. You can always trade using p2p. Bitcoin is decentralized and at such, cannot be controlled by the government. You just have to be careful, if there are penalties against anyone found using cryptocurrency or Bitcoin. In my country for example, where Bitcoin is restricted, but still you can see my country among countrys with highest Bitcoin transactions.

[TheSpiral]

Yes bitcoin has make the life of individuals easy as there are limited jobs opportunities and everyone cannot get the desire job so for this purpose people move towards online earning and prefer bitcoin investment. If bitcoin was not here then during such inflation people will have loss their hopes of living a better life but bitcoin gives a new thoughts of earning to needy people.

I assume that as compared to the previous halving the desire for future halving is more because people was not interested that time in bitcoin but now as it become more successful people move more closer towards its investment.

If there is banned on bitcoin investment then one should not be a part of it because we should be sincere with our country. I think there should be nothing more important than person's loyalty and dignity.

[Ludmilla_rose1995]

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 don't really comply with the rules implemented by the government, so when there is a ban on using bitcoin then I don't care about that.

in my own country our government is unable to ban bitcoin because the number of bitcoin investors continues to increase so they agreed to directing bitcoin as a type of digital commodity investment asset, that too with the target that they can get tax money from it, the government always finds it difficult to refuse profits lol.

[blockman]

Our country is good with cryptos and if ever they will not legalize it, that's okay. I'm already here and have been in the market for so long, that they might just stop all the crypto services coming from our local exchanges and we will have a hard time converting cryptos into our local money.
If that is so, I'll find the markets that are not commonly known by them because whether we like it or not, there are these exchanges physically that do really exist where people can just exchange each other and trade on their own without being regulated. And a sad thing is that our government's laws don't have that much teeth.

[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?

Any problem or task can be solved in different ways. Often, several. It is difficult for me to give a definite answer at the moment because the legal status of bitcoin in most countries remains unknown. How will I proceed if bitcoin is not legalized? Now I can only speculate, because I prefer to solve problems as they arise.

Here are some possible solutions:
- continue to use the bitcoin despite this, because it is almost impossible to track it unless you convert btc into a traditional monetary system and maintain confidentiality measures.
- move to another country that is more cryptocurrency-friendly.
- don't use the bitcoin in the host country, but when traveling to bitcoin friendly countries, use it. That is, use it periodically and where possible.

It looks like you're getting lost in "what if" and "maybe". These ideas are nice, but they're not really one-size-fits-all. You could pretend to be a sneaky Bitcoin user, a digital nomad looking for a Bitcoin safe haven, or a user who only uses Bitcoin when they move to Bitcoin-friendly areas. They made some smart moves, but each one came with its own problems.

Worrying about the unknown legal situation is normal, but lets not get too far ahead of ourselves. Bitcoin is still moving forward for now. Its always a good idea to have a plan (or three), but lets not worry just yet, shall we? Do not close your eyes, do not rule out any possibilities, and be ready both good and bad opportunitues. You never know, Bitcoin might turn out to be good for you

[Ayers]

I think the fact that governments accept bitcoin is something we should be surprised by instead of being surprised when they ban it. I also believe that Satoshi could have predicted this because, from the beginning when he created bitcoin with its decentralized nature, it was completely against what the government wanted. And Satoshi created bitcoin for us, not for the government, so I think it doesn't matter too much whether the government accepts it or not. Because even if they ban it, we still use it and it keeps getting stronger and stronger. Banning bitcoin is almost impossible and it is easy to see that many governments that once banned bitcoin have now accepted it.

[Bitcoin_people]

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?

Bitcoin has become the most popular virtual currency in today's world that everyone uses as their wealth. I see Bitcoin as a future asset because it will definitely help change my life. Bitcoin is very useful for people in many countries of the world accept all payments in Bitcoin, from shopping for goods to food to clothes, they pay with Bitcoin. Moreover Bitcoin is one of the digital currency of the present age which is very profitable to invest and investors are more and more attracted towards Bitcoin. Moreover, Bitcoin is not legal in many countries, especially in the country where I live. But still I am related to bitcoin and transacted by bitcoin, many people use this bitcoin currency from my country and transact easily. If a country legalizes Bitcoin then the economic position of that country changes and they can improve their economic position with Bitcoin in the future. And if they make bitcoin illegal in that country they will not be economically prosperous but they will be economically backward it is the responsibility of a government to legitimize bitcoin in its country. In that case if the government doesn't give Bitcoin legality then there is nothing for the people of our country to do the same way we are using Bitcoin in the future.

[Kakmakr]

You just go on as normal, because nothing can stop you to convert those bitcoins into cash, when you go to countries where it is legal. I will buy a lot of coins over a long period and then go on an extended "Bitcoin" holiday ..to a country where Bitcoin are legal.

I will then use those coins to buy stuff and to pay for services and my country will not see any of the taxes that are paid on those coins. (VAT in some countries)

Imagine buying an expensive Rolex watch in another country and then selling it, once you get back to your own country.  

[Fivestar4everMVP]

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 is nothing much you as a person can do if your country refuse to legalize bitcoin, all you can do is to depend on p2p.

I mean, you could earn your bitcoins from what ever means available to you, whether it be trading, investing, staking, whatever, but when you convert some of those bitcoins to cash(fiat) which is spendable in your country, you have to make use of p2p to sell those bitcoins..

It's the same thing we in Nigeria are doing today, since bitcoin has not yet officially legalized in the country, we depend on p2p to cash in on our bitcoins.

[JohnBitCo]

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?

The first thing is that the government of my country did not accept cryptocurrencies and if a miracle happens and the government of my country accepts cryptocurrencies then I will do nothing because I investing in Bitcoin at this time, and if Bitcoin will be legal then I am also investing in Bitcoin.

[Lucius]

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.

VPNs only provide the illusion of online anonymity, whether they are free or require a subscription, the fact is that they keep logs and will give away your real IP address if they receive a request from the authorities.

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

TOR is useful and a good way for online privacy, but it is far from the fact that users of the same can completely hide if they do something very bad - considering that there are those who have the resources to identify those who use TOR. In addition, some repressive regimes such as the Chinese one can block TOR, although even then with some additional actions it may be possible to use the same.

[ultrloa]

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 is nothing much you as a person can do if your country refuse to legalize bitcoin, all you can do is to depend on p2p.

I mean, you could earn your bitcoins from what ever means available to you, whether it be trading, investing, staking, whatever, but when you convert some of those bitcoins to cash(fiat) which is spendable in your country, you have to make use of p2p to sell those bitcoins..

It's the same thing we in Nigeria are doing today, since bitcoin has not yet officially legalized in the country, we depend on p2p to cash in on our bitcoins.

For now p2p will be the only solution regarding on that situation since we cannot do anything if there decision is done and they declare crypto as illegal asset. Maybe next time on next election day we should seek for innovative people that can possibly adopt bitcoin so that by their help we can freely use bitcoin on anywhere we want especially on big merchants on our country. For now its hard to disobey their order especially if they ban the access of crypto and for sure with this law I may stop using it since I don't want to violate the law of my country.

For now although we are not yet on legalization phase of crypto in our country but at least there are so many option to choose on where we can cashout our earned bitcoins.