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Topic: Bitcoin ban, mission impossible (Read 721 times)

member
Activity: 364
Merit: 14
August 22, 2021, 01:06:06 PM
Maybe some countries can ban bitcoin.  But bitcoin will continue to grow and advance.  Eventually they will accept bitcoins again.  In the future bitcoin will be more popular, many large companies use and invest bitcoin.  major countries have also accepted bitcoin.
it is also included in one of the strategies because each country certainly has its own policies, all of which will be difficult to predict and predict by the country concerned.
regardless of whether bitcoin will be profitable or not we can do anything to urge a country to adopt bitcoin or legalize it because this is a country's prerogative.
full member
Activity: 1358
Merit: 134
★Bitvest.io★ Play Plinko or Invest!
August 22, 2021, 09:53:08 AM
Maybe some countries can ban bitcoin.  But bitcoin will continue to grow and advance.  Eventually they will accept bitcoins again.  In the future bitcoin will be more popular, many large companies use and invest bitcoin.  major countries have also accepted bitcoin.
Agree, bitcoin will grow wherever it isn't banned, remember that as long as the whole world isn't banning bitcoin, there's room for bitcoin and it's growth. Also, it's impossible for some countries to totally ban bitcoin and crypto because they don't want the public opinion out of their favor, they want the votes.
full member
Activity: 1008
Merit: 104
August 22, 2021, 09:47:06 AM
each country certainly has their own policies so that they are free to implement something they want to adopt, maybe at this time it is impossible to eliminate bitcoin because they can only ban the circulation of bitcoin for the community but they cannot eliminate bitcoin from the crypto world, it can be said that to eliminate bitcoin from investment it is a very impossible thing to happen

It's true that the government can't stop Bitcoin at the rate of crypto, it's just that the rules that must be accepted by Bitcoin users in a country are taxation, because it involves investment, the government needs input of funds from crypto income. They have implemented it in our country. The government has been included in the investment category, which is the same as stocks.
sr. member
Activity: 1428
Merit: 252
August 22, 2021, 03:01:57 AM
No matter what, government will play a role in this crypto adoption, we can't evade them in this scenario.
Indeed. We cannot deny that we need government in this crypto adoption. If in a country, all activities related to crypto are prohibited, how can crypto or Bitcoin be adopted there? As the government is the institution that has the right to give permission or prohibition, we need its support on the crypto business. At least, the government allows people to trade and have crypto-asset legally.



I think the best solution is for the crypto community to give an argument that crypto assets are profitable and have the potential to improve the country's economy, I'm sure if we can prove to the government that crypto is very useful then the government will not ban crypto, tax donations are certainly evidence that can make the government open its eyes about crypto.
full member
Activity: 770
Merit: 100
WFC [World Family Coin]
August 22, 2021, 02:06:57 AM
#98
Maybe some countries can ban bitcoin.  But bitcoin will continue to grow and advance.  Eventually they will accept bitcoins again.  In the future bitcoin will be more popular, many large companies use and invest bitcoin.  major countries have also accepted bitcoin.
sr. member
Activity: 993
Merit: 250
Moonbet.io
August 21, 2021, 07:55:23 PM
#97
Many countries are working on banning bitcoin but it is not possible for them to ban it completely. A few days ago India banned the use of currency but cryptocurrencies from among their Fat could not leave. So even though other countries have passed various strict laws on the use of Bitcoin, they have been forced to continue using Bitcoin.
full member
Activity: 1190
Merit: 100
August 21, 2021, 06:12:46 PM
#95
Many countries around the world have risen up to ban Bitcoin, even though those countries have declared Bitcoin illegal, but it is not at all possible to ban its use from the people of those countries. So It is not possible to destroy Bitcoin at all.
full member
Activity: 1008
Merit: 101
The Standard Protocol - Solving Inflation
August 22, 2021, 01:22:35 PM
#88
One of the major advantages of Bitcoin is that the whole process of buying and selling bitcoin is anonymous. No one can trace you.  If you still have problems you can use VPN. And that's why the government can't completely ban Bitcoin. Therefore, the governments of all countries should take the benefits of Bitcoin without considering Bitcoin as a threat to their economy.
hero member
Activity: 2464
Merit: 644
Eloncoin.org - Mars, here we come!
August 22, 2021, 01:03:24 PM
#86
each country certainly has their own policies so that they are free to implement something they want to adopt, maybe at this time it is impossible to eliminate bitcoin because they can only ban the circulation of bitcoin for the community but they cannot eliminate bitcoin from the crypto world, it can be said that to eliminate bitcoin from investment it is a very impossible thing to happen

It's true that the government can't stop Bitcoin at the rate of crypto, it's just that the rules that must be accepted by Bitcoin users in a country are taxation, because it involves investment, the government needs input of funds from crypto income. They have implemented it in our country. The government has been included in the investment category, which is the same as stocks.

Governments have to accept bitcoin one way or the other. They may either legalize it and put taxes on it or they may make it illegal's but people will still keep on using it.
legendary
Activity: 3080
Merit: 1144
August 22, 2021, 04:57:46 PM
#81
I think that there is no way all governments are banning cryptocurrencies. They can't take the risk of facing many people who will be against this decision. People like to trade cryptocurrencies and use them where available. And as people continue to use cryptocurrencies, it helps the country financially also actually. Of course, it is like that if there are regulations related to cryptos in that country. Some governments will still keep Bitcoin banned but I think that most of them won't.
Not anymore, bitcoin is very popular now and there's a lot of big interest who is holding it and will surely protect their investment to avoid it from happening. Bitcoin will continue to exist as long as miners will do their share, the government can only limit or ban the platforms but not the entire system of what is running bitcoin. Yes, I agree that it's impossible for bitcoin to be banned.
member
Activity: 392
Merit: 10
August 22, 2021, 04:54:02 PM
#80
I think that there is no way all governments are banning cryptocurrencies. They can't take the risk of facing many people who will be against this decision. People like to trade cryptocurrencies and use them where available. And as people continue to use cryptocurrencies, it helps the country financially also actually. Of course, it is like that if there are regulations related to cryptos in that country. Some governments will still keep Bitcoin banned but I think that most of them won't.
hero member
Activity: 1792
Merit: 871
Rollbit.com ⚔️Crypto Futures
August 22, 2021, 04:45:59 PM
#79
The thing about bitcoin also goes side by side with how the digitized(cyber) economy has been regulated and understood by the citizens of that country. If citizens see no threat about things such as crypto no one will be alarmed or will require the protection of the government as protecting its people is one of its responsibilities.
Btw banning bitcoin is a difficult journey as it's not in a physical form that can be locked out of sight to prevent people from using it, the best the government can do is give pros and cons of the digital economy of cryptocurrencies.
hero member
Activity: 2002
Merit: 535
August 22, 2021, 04:32:26 PM
#78
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Governments have to accept bitcoin one way or the other. They may either legalize it and put taxes on it or they may make it illegal's but people will still keep on using it.
The smart move by any government is to allow business to flourish rather than stopping them. All they need to do is make a legal framework, it might take 5 more years, no problem with the delay in making a framework of the law about the cryptocurrency market, but make sure that they will not come up with an outright ban because their brain is not allowing to create a framework for a decentralized currency  Grin.
member
Activity: 327
Merit: 12
August 22, 2021, 04:19:03 PM
#77
One of the major advantages of Bitcoin is that the whole process of buying and selling bitcoin is anonymous. No one can trace you.  If you still have problems you can use VPN. And that's why the government can't completely ban Bitcoin. Therefore, the governments of all countries should take the benefits of Bitcoin without considering Bitcoin as a threat to their economy.
the fact is the economy is not that simple, we can say that because we only benefit if bitcoin is adopted worldwide and experiences a sizable increase and we will automatically benefit from it.
but if we talk about aspects of government they have other thoughts with the nature of greed and aspects of domination so they want to directly at least be able to control what their people have to add to the country's profits, and when talking about bitcoin this can't be done because of its very nature. The anonymous system in bitcoin also does not support being controlled by the government so that they require them to think further in doing so so that the ban in their opinion is a solution because sooner or later bitcoin will continue to grow and threaten their economy.
full member
Activity: 1946
Merit: 112
August 22, 2021, 02:15:44 PM
#76
Given the nature of this digital currency, there are always conversations to be heard about not buying Bitcoin, as Bitcoin works outside the traditional banking system, so there are too many opponents to it. However, its design is such that no one can create a particular barrier to buying it. If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.

Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.

In general, it should be said that bitcoin cannot be an obstacle, and this is one of the advantages of Bitcoin.

On the one hand, everything is as you say, and Bitcoin is probably difficult to stop and many countries would like to use it, but there is another side that raises a number of questions that are not answered. For example, who created Bitcoin and why? There are no answers to explain this, there are only guesses and opinions. And what if someone invented Bitcoin, but could not that someone make it so that Bitcoin has the functions of management and even self-liquidation? We are told that the BTC blockchain cannot be changed or disabled, but is it 100% true? The interesting thing is that no one can 100% confirm that this is so, as well as refute it. The thing is that you and I know exactly as much about Bitcoin as they say, but there is a likelihood that we are still not being told a lot about Bitcoin, and this can be a big surprise at any time. Perhaps it is from such questions that many countries do not rush to accept Bitcoin.
newbie
Activity: 532
Merit: 0
August 22, 2021, 01:33:47 PM
#75
The way Bitcoin is moving forward, it is clear that in a short time it will be acceptable to everyone in the world.  Digital coins are becoming popular in almost all countries
Those who oppose Bitcoin will never succeed. Rather, those countries will fall behind. Therefore, all countries should move forward, allowing the digital coin Bitcoin to be used on an urgent basis.
As a result definitely i called that Bitcoin ban,mission Impossible.  
hero member
Activity: 1400
Merit: 655
Bitcoin is achievement
August 22, 2021, 02:28:15 AM
#74
In actual sense cryptocurrency and especially bitcoin can't be ban because the documents of cryptocurrency has not been released to anyone or anybody, secondly it's impossible for bitcoin to be ban because it doesn't base on one country, a country can only restrict the uses or transaction's with cryptocurrency but they can't ban it due to it's a decentralized currency and it's does not  been manage by a specific country president rather been a social media that can be monitor or control by set of individuals or people, from my perception cryptocurrency is a universal currency that will last forever and it can't be ban.
hero member
Activity: 3038
Merit: 647
August 21, 2021, 07:28:58 PM
#73
Many countries around the world have risen up to ban Bitcoin, even though those countries have declared Bitcoin illegal, but it is not at all possible to ban its use from the people of those countries. So It is not possible to destroy Bitcoin at all.
Banning bitcoin is already common to such countries who have taken strict restrictions for bitcoin just like India and US but it will only end there. Destroying bitcoin will never be possible as long as there are still citizens who are still investing and utilizing bitcoin and continue to access it despite of the government's strong opposition.

And now that even progressive countries are already planning to adopt bitcoin, so it will be too hard already to destruct it. Buying and selling bitcoin will never stop since more and more people have discovered the potentials of bitcoin and how it will be very beneficial to improve one's economy.
full member
Activity: 1484
Merit: 101
August 21, 2021, 05:57:09 AM
#72
everyone must know yesterday that China banned bitcoin miners in their country and the price of bitcoin had dropped but the price of bitcoin could rise again meaning no one can stop bitcoin even though a big country like China,

This proves that decentralization works effectively, no one can control and stop bitcoin, it all depends on the market and the market, besides China being banned from mining the big news after that was the UK banning Binance from operating, and also proved unable to withstand the continued performance of bitcoin and cryptocurrencies continues skyrocket.
member
Activity: 1358
Merit: 81
August 20, 2021, 07:20:05 PM
#71
Thank God that there is freedom, the reason why each of us can decide and choose to invest in bitcoin regardless of whether it is prohibited in our countries.

Bitcoin has come to the people first, from the first moment the Bitcoin whitepaper was released on October 31, 2008 and it marked the beginning of our freedom allowing us to survive with it if we had no money.

Peer-to-Peer or P2P is a powerful resource and we must use it as long as necessary to make it popular so that more people can solve their money problems with bitcoin and the crypto space.

Quote
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
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