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

[Dr.Osh]

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.

quite reasonable. The government may close the activities of companies related to crypto so that we cannot access it. I think that it is sites like exchanges and others. However, we can still carry out P2P transactions in various crypto communities on social media. We just need to find a reliable escrow for that. Even though our movement is very limited, I think personally someone can still carry out crypto transactions when the country bans crypto.
However, it may take some effort to make money from crypto through trading, or anything like that, as the government will most likely ban such sites.

[Dr.Bitcoin_Strange]

The government can place a ban on Bitcoin and block every easy step to invest in it, but definitely other decentralized means of buying and selling Bitcoin would still be there. Since Bitcoin is not a centralized asset, nor is it a physical asset, the government cannot totally prevent anyone from buying it unless it's someone who is not very exposed to the technology. Since Bitcoin is not a physical asset, I could buy it through any decentralized means and store it in my wallet. I could even decide to destroy my wallet, but I would keep my private key safe in a place no one could get access to unless it was just me. Perhaps if the government of my country bans Bitcoin, it wouldn't stop me from buying it; there are still other decentralized exchanges out there that will still be fully operational, and I can buy from there. Already, I have a few business friends in some countries that allow Bitcoin, and I also have a few of my relatives that are outside my country, and the country they are in still allows Bitcoin, so if by chance Bitcoin gets banned by the government in my country, there are still many ways to acquire it.

[pawanjain]

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 is decentralized and even if the government doesn't legalize it we can still use it. All we have to do is find a P2P connection that is genuine.
I know it might sound like going against the government but if you believe in something then you should do anything to achieve it.
I trust in bitcoin and holding bitcoin is not a crime. It's just that we shouldn't use it for the wrong purpose.

[HONDACD125]

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?

Most people have the same opinion about Bitcoin that it is the best cryptocurrency to make a profit and to invest.It is a fact that cryptocurrency does not have legal status in our country.Cryptocurrency seems to be difficult to get legal status in our country,ecause our government is not in favor of legalizing cryptocurrency.

We are definitely fans of bitcoin and we have full confidence in investing in bitcoin that it can give us good returns for our future.Exchanges are still operating in our country but the government can ban these exchanges at any time, in which case we are keeping our long-term investments in our personal wallets so that our bitcoins are safe after any exchange is banned.

[Inwestour]

quite reasonable. The government may close the activities of companies related to crypto so that we cannot access it. I think that it is sites like exchanges and others. However, we can still carry out P2P transactions in various crypto communities on social media. We just need to find a reliable escrow for that. Even though our movement is very limited, I think personally someone can still carry out crypto transactions when the country bans crypto.
However, it may take some effort to make money from crypto through trading, or anything like that, as the government will most likely ban such sites.

If breaking the laws can lead to serious consequences, then it is better to find ways in which you will not break the law, for example, go to another country to do this, where it will not be illegal, for a while. Workarounds can always be found, the main thing is to be confident in who you will make these transactions with.

My guess is that at some point governments will push CBDC and try to show how much better it is than Bitcoin, maybe it will work at first, but eventually the advantage of Bitcoin will be too obvious to deny.

Most likely there will be countries that do not legalize cryptocurrencies, there will always be those who are against it.

[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 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.

quite reasonable. The government may close the activities of companies related to crypto so that we cannot access it. I think that it is sites like exchanges and others. However, we can still carry out P2P transactions in various crypto communities on social media. We just need to find a reliable escrow for that. Even though our movement is very limited, I think personally someone can still carry out crypto transactions when the country bans crypto.
However, it may take some effort to make money from crypto through trading, or anything like that, as the government will most likely ban such sites.

Governments can and may clamp down on centralized crypto-related activities. Yet, as you rightly pointed out, P2P transactions remain a beacon of hope. Remember, its the decentralized nature of crypto that gives it its power. Your reliance on social media communities and escrows is understandable, but it comes with its own set of challenges.

Its good to know you recognize the need for a trustworthy escrow, but how can you ensure their reliability? How do you guarantee that the escrow you choose wont disappear one fine day? And if we all turn to these communities, wont it just signal to governments where to look next? The real pseudo-problem here is not about the banning, but about how we adapt our voices and behavior to make sure we're staying one step ahead. Trading is one thing, but ensuring the safety of your assets is another. Always be cautious.

[dothebeats]

quite reasonable. The government may close the activities of companies related to crypto so that we cannot access it. I think that it is sites like exchanges and others. However, we can still carry out P2P transactions in various crypto communities on social media. We just need to find a reliable escrow for that. Even though our movement is very limited, I think personally someone can still carry out crypto transactions when the country bans crypto.
However, it may take some effort to make money from crypto through trading, or anything like that, as the government will most likely ban such sites.

If breaking the laws can lead to serious consequences, then it is better to find ways in which you will not break the law, for example, go to another country to do this, where it will not be illegal, for a while. Workarounds can always be found, the main thing is to be confident in who you will make these transactions with.

My guess is that at some point governments will push CBDC and try to show how much better it is than Bitcoin, maybe it will work at first, but eventually the advantage of Bitcoin will be too obvious to deny.

Most likely there will be countries that do not legalize cryptocurrencies, there will always be those who are against it.

You do have a point about the risk and danger it brings to those who need to break the law or workaround it. However, your suggestion of them going to another country is not always possible for everyone, especially if you think about how impractical it is with how much money an individual needs to move country. Cryptocurrency brings additional income to a lot of us and to some it is their main source of everyday income and they heavily rely on it despite it being illegal on their countries so despite the danger and risk they have to face we cannot blame or criticize them for it.

[CageMabok]

The legalisation of bitcoin is just like the drama made by the government on the people,if you check the minister assets.Surely all the minister of your country will have their money in the bitcoin.Bitcoin was act as the asset now,most of the government official are get into the bitcoin at the early stage.Only the government had never legalise or say it as the neutral one.The bitcoin was the illegal one in the China,So you think all the people of the China had not have their money in the bitcoin.It’s not the real fact,many people have funds in the bitcoin.

This could very likely happen among government officials, because when they already know about Bitcoin and they try to explore it slowly to learn everything related to Bitcoin. It is very possible that they put their money in Bitcoin without telling many people about it and even they themselves told their people that Bitcoin was not liked by the government, even though they all really liked it even though the government did not make special rules so that people could also be encouraged to likes Bitcoin and puts his money into Bitcoin.

[Adams0001]

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?

In my country, Bitcoin is illegal but we still buy it We use P2P to buy Bitcoin and sell it through it Many countries ban Bitcoin because it is centralized and no government has control over it, which is why they make it illegal Many people will not put money in banks to save again, and the government will not have much revenue, because they have already found a profitable investment, I don't like putting money in the bank, I prefer to invest it so that I can make a large profit if the price rises Investing in Bitcoin gives you many accomplishments and is the best investment you will ever make, the government is aware that people are still using cryptocurrency, but they can't do anything about it because it is not under their jurisdiction So even if your country prohibits cryptocurrency, you will be able to obtain it.

[DYING_S0UL]

There is actually nothing I can do except use it secretly from the authority. Yes, it is still illegal in my country. So what!? We still use it in our daily lives. Some are totally dependent on crypto. They are not doing any kind of job; expect crypto-based work, like trading, investing in crypto, mining, bounty and signature, etc. They provide for their family using crypto. One advantage we have is that here, crypto activity isn't regulated or monitored that strictly. Many know of it but don't dare say anything. All we can do now is use it anonymously until it is legalized. That's how we have been using it from the beginning.

[Olalomi]

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?

Definitely I am going to bypass whatever ban my country impose on cryptocurrency that the alternative means of evading government sanctions, Bitcoin had provided various means of relief for money individuals in term of serving as a means of payment for various services and jobs offered, however to exchange the coin to fiat which could have been very difficult because of the government imposition of ban thus VPN would serve as the tool which would help to transact anonymously thus crypto has been the best latest technology innovation.

[Vaskiy]

If there is no other way, the better choice is to keep it secure and make use of it when the country legalise the usage of bitcoin. These days making use of bitcoin or converting it to cash is not at all a big thing. The difficulty is while handling with huge numbers.

In my country our government haven't announced anything specific about the legal status. It have taxed the cryptocurrency holding and for the reason people find this to be legal. Earlier it had announced the ban and restricted banks from handling cryptocurrency related transactions. During those days things were little complicated and slowly everything started to get on track as the usage from the people were seen increasing over time.

[serjent05]

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 is decentralized and even if the government doesn't legalize it we can still use it. All we have to do is find a P2P connection that is genuine.
I know it might sound like going against the government but if you believe in something then you should do anything to achieve it.
I trust in bitcoin and holding bitcoin is not a crime. It's just that we shouldn't use it for the wrong purpose.

Anyone can do this if they don't mind getting into trouble one day.  If the government bans cryptocurrency and implements a law that everyone who participated in it can be arrested, then I do not think it is worth the risk of participating in Bitcoin trades because it is labeled illegal.  I won't compromise my own safety just because I believe in something that is not acceptable by the law.  Whether we participate in Bitcoin activities or not, we can still survive.  It is not a matter of life and death that we have to gamble our own safety and freedom.  It is not wise to exchange freedom for another that is a much greater freedom.

[Texac]

There is actually nothing I can do except use it secretly from the authority. Yes, it is still illegal in my country. So what!? We still use it in our daily lives. Some are totally dependent on crypto. They are not doing any kind of job; expect crypto-based work, like trading, investing in crypto, mining, bounty and signature, etc. They provide for their family using crypto. One advantage we have is that here, crypto activity isn't regulated or monitored that strictly. Many know of it but don't dare say anything. All we can do now is use it anonymously until it is legalized. That's how we have been using it from the beginning.

Bitcoin is unstoppable, so even if we live in a country that bans bitcoin, as long as we keep it secret and invest in silence nothing will happen to us.  I remember many years ago when most governments banned it but people still actively invested in bitcoin and thanks to that it got the growth it has today.  so far, more countries have accepted bitcoin, so there is no reason we should stop investing in bitcoin because of a government ban.  over time, global bitcoin adoption is inevitable, we just need to keep quiet until then.

[pawanjain]

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 is decentralized and even if the government doesn't legalize it we can still use it. All we have to do is find a P2P connection that is genuine.
I know it might sound like going against the government but if you believe in something then you should do anything to achieve it.
I trust in bitcoin and holding bitcoin is not a crime. It's just that we shouldn't use it for the wrong purpose.

Anyone can do this if they don't mind getting into trouble one day.  If the government bans cryptocurrency and implements a law that everyone who participated in it can be arrested, then I do not think it is worth the risk of participating in Bitcoin trades because it is labeled illegal.  I won't compromise my own safety just because I believe in something that is not acceptable by the law.  Whether we participate in Bitcoin activities or not, we can still survive.  It is not a matter of life and death that we have to gamble our own safety and freedom.  It is not wise to exchange freedom for another that is a much greater freedom.

If the government is passing a law that people can be arrested just for holding bitcoin then there's something very wrong with the government.
In that case I would be thinking of shifting to another country where the laws are better.
Even if I am not able to shift to another country then I would sell my coins but keep at least some portion of it where the government is unable to track it.
May be in future if the government withdraw the law then those coins would give a boost to my portfolio.

[Sexylizzy2813]

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 government can't approve of Bitcoin because they can't control or even know how much an individual have like they can in banks.
In some countries that Bitcoin isn't legal I think they still have people who still engage in Bitcoin activities, like in a secret way without people knowing about it.
I know the long awaiting Bitcoin halving is fast approaching and many have made out plans on what they'd do when the time comes which is next year, I hope is really what we're expecting if not it would be disappointing for real.

[Distinctin]

Even if your country is not legalizing cryptocurrency, this is not enough reason to lose your hope about building your bitcoin investment most particularly. Continue to keep on accumulating and storing Bitcoin in your portfolio until you find reasonable time to sell that will eventually bring you massive profits. And find some P2P exchanges that you can be trusted to exercise transactions so that your whole investment will not be put in danger.

[usekevin]

Some people think,the people won’t buy the cryptocurrency where the cryptocurrency is illegal.But it’s not the true one,the people will hold the money in the cryptocurrency without the knowledge of the government.So they will easy cash out using the exchange which doesn’t ask the kyc.In China,the cryptocurrency is not the legal one,but the people from china till have their holding in the cryptocurrency.Because they know the value of the bitcoin and growth of the bitcoin after some years.

[Mauser]

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 think there is a difference between countries that allowed crypto currencies first and banned it later, and countries that never allowed crypto currencies. In my country crypto currencies are legal and it's hard to imagine how things would have turned out if they were banned from the start. I joined the crypto world in 2016 and used it as a form of payment to get money out of my csgo skin trading adventurer. If at that time bitcoin would have been illegal than I probably would never have used it. The risk would be to high and I just would have sticked to ordinary bank transfers. But after being involved with cryptos for so many years my answer today would be different. In case the government decides to ban bitcoin tomorrow I wouldn't immediately sell all my coins. I would rather wait and see how things turn out after a few years. A ban doesn't necessarily have to be permanent, a new government could revert the law after the next election.

[icalical]

Fortunately my country legalized Bitcoin tho is not a legal tender, now if my country never legalize Bitcoin I would still find a way to use it, since I need a currency for international cash transfer, I would find some way around to use Bitcoin, but I would not invest in it, I will immediately exchange it to local fiat in here.