Bitcoin Banned! - page 2. | Bitcointalksearch.org

btccashacc

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Quote from: reme.auditor on January 08, 2018, 01:40:59 AM

Bitcoin is Banned in some countries or there are restriction on trading, mining and converting bitcoin into local currency! Will this hamper bitcoin's growth? Also there is an erratic increase and decrease in Bitcoin price! I know its not regulated but why is it that the increase and decrease in prices is too high or too low? Are Altcoins better than Bitcoins or Bitcoin will still be number one since its the pioneer in cryptocurrencies that uses blockchain technology?

I'm a bit concern with this because our local government seems to be looking into bitcoin as well and might try to regulate it in our country!

The government in many countries think that bitcoin is a threat for them since it's decentralized and they can't control it that's why they banned it, instead of banning it seems like they're trying to regulate bitcoin in order to collect taxes from it, which is a good way.
The price is skyrocket i think it's normal due to the demand is greater than supply then the price increases. About bitcoin vs altcoin? everyone has their own opinion regarding this topic, i personally see that bitcoin is good as an investment tool, but as currency, i'm not sure there are so many altcoins which lowest fee and faster confirmation than bitcoin.

UCHCHILD

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No matter how many people says that bitcoin is banned still government cannot control the mind of people and cannot control the growth of bitcoin because of being decentralized. There is nothing to worry about this, this is not a new news at all, FUD again.

TravelBlock

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Just some traditional FUD, nothing to worry about here folks. Back to work! Bitcoin's banned? It would take millions of people to suddenly drop what they're doing and be okay with that (yeah good luck with such a task!).

949miner

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Quote from: reme.auditor on January 08, 2018, 01:40:59 AM

Bitcoin is Banned in some countries or there are restriction on trading, mining and converting bitcoin into local currency! Will this hamper bitcoin's growth? Also there is an erratic increase and decrease in Bitcoin price!

Well, just another FUD thread in here guys, there is nothing to be scared about.

And you are saying; bitcoin is going down, but do you have any idea how much was bitcoin worth just one month and a half ago? Just less than $7800 each.

Please, do not be so ridiculous, you are just putting yourself on a shame position.

CrypticGambit

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stop spreading fud

The Sceptical Chymist

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Quote from: alpha001 on January 08, 2018, 01:53:18 AM

And we can build this dream together,
Standing strong forever
Nothing's gonna stop us now
And if this world runs out of Bitcoin
We'll still have each other
Nothing's gonna stop us!

Really? Bitcoin is decentralized and no government or country can claim ownership of Bitcoin unless of course they Buy all the bitcoin in circulation and all the bitcoins to be released. Government might try to hamper us in investing in Bitcoin or they just want to have their share in form of taxes! Nothing can stop Bitcoin from being traded, invested into and mined as long as there is internet and people who put value in Bitcoin.

That's paraphrasing one of the faggiest songs in existence. Please don't insert bitcoin into such a sugary pop tune, as anything crypto deserves a better ode to it. And this is one of the most fractured, contentious, downright scammy and idiotic community this world has ever seen.

Oh, by the way: The Korean ban/regulation thing won't have any effect on the market long-term. They're a gonorrhrea pimple on the nuts of bitcoin, nothing more. Both testiclats will survive just fine. At this point it's not even clear what they're going to do, and it's my understanding that they have to vote on it anyway.

majest3

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Lots of Governments around the world are looking for was to collect there taxes from the buying and selling of crypto currencies, USA has pushed forward, Australia is setting up task forces to track the sales. The market cap is growing a rapid rate, which mean the tax revenue will also increase in line with it as it is a percentage . Governments will not ban it but look to get a slice of the pie through taxing it. They are not going to pass up that opportunity...

gilangIDR

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Quote from: tanjiran on January 11, 2018, 07:09:15 PM

Problems and issues about legality do affect bitcoin prices. However, the counter country is no more than a pro or neutral country against bitcoin. Some countries do prohibit bitcoin if used as a currency only, but not prohibit it for use as an investment or commodity, terms and conditions apply. Do not worry.

Some countries do and make different regulations. Regulations that inhibit the development of bitcoin can massively affect the price of bitcoin. Until now some issues of bitcoin ban in a country have affected the price movement of bitcoin. I am quite worried when more and more countries are banning bitcoin then it can make bitcoin prices continue to be corrected.

datodota002

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countries are banned for bitcoins because they are very aware of the extraordinary bitcoin potential. just look in china they banned bitcoin but they reopened their exchanger. I think they are banned for wanting to reset the bitcoin users listed on the exchangers and after reopening the exchanger the government can see the full data of the account makers and can apply the tax system to them. I think it's a government strategy to control bitcoin users

tanjiran

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Problems and issues about legality do affect bitcoin prices. However, the counter country is no more than a pro or neutral country against bitcoin. Some countries do prohibit bitcoin if used as a currency only, but not prohibit it for use as an investment or commodity, terms and conditions apply. Do not worry.

BtcBling

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Quote from: reme.auditor on January 08, 2018, 01:40:59 AM

Bitcoin is Banned in some countries or there are restriction on trading, mining and converting bitcoin into local currency! Will this hamper bitcoin's growth? Also there is an erratic increase and decrease in Bitcoin price! I know its not regulated but why is it that the increase and decrease in prices is too high or too low? Are Altcoins better than Bitcoins or Bitcoin will still be number one since its the pioneer in cryptocurrencies that uses blockchain technology?

I'm a bit concern with this because our local government seems to be looking into bitcoin as well and might try to regulate it in our country!

In the Philippines, they already have regulations on Bitcoin but it's on the virtual currency exchange side. Central Bank of the Philippines already created a regulation in Circular Order number 944. In other countries, their government already acknowledge Bitcoins and other altcoins as a form of money.For me, Bitcoin is much better than other altcoins but those altcoins will challenge Bitcoin dominancy in virtual currencies.

QuestionAuthority

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Quote from: reme.auditor on January 08, 2018, 01:40:59 AM

Bitcoin is Banned in some countries or there are restriction on trading, mining and converting bitcoin into local currency! Will this hamper bitcoin's growth? Also there is an erratic increase and decrease in Bitcoin price! I know its not regulated but why is it that the increase and decrease in prices is too high or too low? Are Altcoins better than Bitcoins or Bitcoin will still be number one since its the pioneer in cryptocurrencies that uses blockchain technology?

I'm a bit concern with this because our local government seems to be looking into bitcoin as well and might try to regulate it in our country!

So? Drugs and hookers are banned in most countries but everyone still likes hookers and blow.

alpha001

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And we can build this dream together,
Standing strong forever
Nothing's gonna stop us now
And if this world runs out of Bitcoin
We'll still have each other
Nothing's gonna stop us!

Really? Bitcoin is decentralized and no government or country can claim ownership of Bitcoin unless of course they Buy all the bitcoin in circulation and all the bitcoins to be released. Government might try to hamper us in investing in Bitcoin or they just want to have their share in form of taxes! Nothing can stop Bitcoin from being traded, invested into and mined as long as there is internet and people who put value in Bitcoin.

reme.auditor

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Activity: 161

Merit: 2

Bitcoin is Banned in some countries or there are restriction on trading, mining and converting bitcoin into local currency! Will this hamper bitcoin's growth? Also there is an erratic increase and decrease in Bitcoin price! I know its not regulated but why is it that the increase and decrease in prices is too high or too low? Are Altcoins better than Bitcoins or Bitcoin will still be number one since its the pioneer in cryptocurrencies that uses blockchain technology?

I'm a bit concern with this because our local government seems to be looking into bitcoin as well and might try to regulate it in our country!

Topic: Bitcoin Banned! - page 2. (Read 282 times)