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Topic: bitcoin banned - page 2. (Read 667 times)

full member
Activity: 816
Merit: 133
January 15, 2018, 10:06:01 AM
#73
No govt can ban Bitcoin it is connected tocomputers decentralised nt in one control  govt form rules but can't ban completely

To enlighten you up, The Government can ban Bitcoin or any other cryptocurrencies. The Government can block any websites that are related to cryptocurrency or Digital currency and etc. But Government has its limitation, It can't shut the internet down without any legal grounds (Depends if the leader of the Country has declared let say martial law or do social media blackout, including cutting off internet access) there are VPNs or Proxy sites in which one can use to continue it's crypto related activities.



Though it wouldn't affect the industry since Indonesia is a small market plus they can still engage in such activities if they only knew how to use VPNs. The big markets are still up and most likely will just compensate for that loss (not really), The players of the industry this year will most likely increase. Bitcoin already had built a good foundation before 2017 end and this year, there is a higher possibility that Bitcoin could make another history.
newbie
Activity: 47
Merit: 0
January 15, 2018, 09:46:07 AM
#72
If we can philosophize a bit, what is it really a digital currency? Because the official definition of the government of the Republic of Indonesia does not exist when this article was created. We take the closest definition according to Law no. 7 Year 2011 Article 1 Paragraph 1 which writes, as quoted "Currency is money issued by the Unitary State of the Republic of Indonesia hereinafter referred to as Rupiah." And if combined with Law no. 23 Year 1999 Article 2 Paragraph 2, as quoted "Rupiah currency is a legal means of payment in the territory of the Republic of Indonesia". Of the two definitions of cryptocurrency is certainly not official because it is not issued by NKRI and not a legal means of payment.So the impact of a bitcoin ban on a country can be said to defend its own currency, in the presence of bitcoin they may fear the price of its currency is not worth anymore.
I agree with this opinion, it's just that I think crypto currency will not have a significant effect because we do not transact directly using the money ... again we convert it into rupiah ... so we keep using our own currency without risking the value of the eye money it self
member
Activity: 126
Merit: 16
January 15, 2018, 09:24:43 AM
#71
Well as long as the major countries in the world like USA, China, Japan, and others not necessarily go up against bitcoin and try to ban in their country. Then it will go a long just fine because these countries are in terms of the growth of the country in business, stocks, and other income generating are the best among the best.
jr. member
Activity: 56
Merit: 2
January 15, 2018, 09:21:53 AM
#70
Bitcoin is now traded around the world, and if it is banned in Indonesia, it has little impact because the share of transactions in Indonesia's bitcoin market is low.
member
Activity: 322
Merit: 10
January 15, 2018, 09:02:04 AM
#69
News is very influential on price movements of a commodity, although the news is not necessarily true, but it is very influential on the psychics of market participants to take a decision, if we look back time many similar news that a country will do ban against bitcoin but in fact news it is just that country's strategy to buy bitcoin when it's expensive, and automatically get a lot of bitcoin.
full member
Activity: 546
Merit: 100
January 15, 2018, 08:44:46 AM
#68
indonesia has a small market compare then other country such as russia,korea,china,japan. so, it's not really affect that much, and also it's not confirmed news yet
newbie
Activity: 26
Merit: 0
January 15, 2018, 08:43:18 AM
#67
indonesian goverment banned bitcoin, affect the bitcoin price of the world ?

There were unbelievable thing that South Korea will ban cryptocurrencies. It was occured that this is just desinformation. I don't want to know about indonesian scenario. Country with 400millions populations banned crypto! Unbeliavable!

Actually, Koreans are still not simpy sure how to regulate the cryptocurrencies.
At first, they wanted to ban them, that was true. Not anymore, however, which I am sure lots of people are glad to hear!
full member
Activity: 854
Merit: 103
January 15, 2018, 08:41:21 AM
#66
indonesian goverment banned bitcoin, affect the bitcoin price of the world ?

There were unbelievable thing that South Korea will ban cryptocurrencies. It was occured that this is just desinformation. I don't want to know about indonesian scenario. Country with 400millions populations banned crypto! Unbeliavable!
member
Activity: 157
Merit: 10
January 14, 2018, 10:39:16 AM
#65
indonesian goverment banned bitcoin, affect the bitcoin price of the world ?

I was not surprise that other country would ban the bitcoin because I know that they are very much concern how this bitcoin affects their economy and because of this the price of bitcoin was affected. I am sure that the price of the bitcoin will going to high again because even the Indonesian ban the bitcoin there still more country that bitcoin is allowed.
member
Activity: 124
Merit: 10
January 14, 2018, 10:20:06 AM
#64
indonesian is a small player and when ban bitcoin will never effect value.
they can ban sites with is less than to be added
full member
Activity: 896
Merit: 102
-= OI =-
January 14, 2018, 05:44:57 AM
#63
indonesian goverment banned bitcoin, affect the bitcoin price of the world ?

If the issue really occur, i think no effect with bitcoin price.
if it happens, it is very small i think....

But, I hope it's just a hoax
full member
Activity: 518
Merit: 101
January 14, 2018, 05:28:17 AM
#62
indonesian goverment banned bitcoin, affect the bitcoin price of the world ?
I don't know whether they truly banned bitcoin or just regulated the crypto currency exchanges in their country.Nowadays lots of rumors coming around here that countries banning bitcoin but they are just regulating the exchanges so it is better to stop spreading fake news and if the news is true just provide the link of the official announcements.
I know only the Bangladesh recently banned bitcoins totally and if someone caught using bitcoins then there will be a severe punishment for them.But I didn't hear about Indonesian ban yet so wait until the official news.
But this kind of rumors will create down fall in the bitcoin price.
I think this news is in the interest of a group of people in Indonesia, my understanding is more on the rules of using bitcoin as an asset and forbidding bitcoin as a valid payment instrument in Indonesia, but this rumor is very influential the decrease of bitcoin price in Indonesia, especially for new bitcoin users will causing panic and thinking immediately sell all its bitcoin assets
Let them banned bitcoin, countries like that were just too greedy they don't want their people to earn at least some portion of money, they were not just thinking of what potential it will give to everyone they were just stating that they are the rules and if they said no so nothing can do about it.
member
Activity: 350
Merit: 13
January 14, 2018, 05:00:51 AM
#61
indonesian goverment banned bitcoin, affect the bitcoin price of the world ?
I don't know whether they truly banned bitcoin or just regulated the crypto currency exchanges in their country.Nowadays lots of rumors coming around here that countries banning bitcoin but they are just regulating the exchanges so it is better to stop spreading fake news and if the news is true just provide the link of the official announcements.
I know only the Bangladesh recently banned bitcoins totally and if someone caught using bitcoins then there will be a severe punishment for them.But I didn't hear about Indonesian ban yet so wait until the official news.
But this kind of rumors will create down fall in the bitcoin price.
I think this news is in the interest of a group of people in Indonesia, my understanding is more on the rules of using bitcoin as an asset and forbidding bitcoin as a valid payment instrument in Indonesia, but this rumor is very influential the decrease of bitcoin price in Indonesia, especially for new bitcoin users will causing panic and thinking immediately sell all its bitcoin assets
member
Activity: 406
Merit: 10
January 14, 2018, 04:42:50 AM
#60
Now in the world Bitcoin is famous digital currency,its user number reached higher and higher.no one can stop it.no one can banned it..Bitcoin rules are so much strong and unstoppable.it has strong regularity authority of monitoring.also it has great future.
hero member
Activity: 1106
Merit: 503
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January 14, 2018, 04:42:25 AM
#59
But how..? I dont know how any government could ban Bitcoin as we only need the Internet to use most of the cryptocurrencies. Everything else is decentralized and people can freely exchange with the help of open source wallets.
sr. member
Activity: 2422
Merit: 267
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January 14, 2018, 04:29:22 AM
#58
maybe the Indonesian government has its own alesan to prohibit bitcoin,
but not an effect of bitcoin reduction, I'm sure bitcoin will continue to exist

happy because we do not recognize and accept as a legitimate transaction, but our country does not prohibit and restrict for us to transact with bitcoin.
compared to some countries have started to ban bitcoin to be and be there.
member
Activity: 350
Merit: 10
January 14, 2018, 04:23:07 AM
#57
bitcoin is big digital business it is great...... why bitcoin banned???
sr. member
Activity: 2422
Merit: 267
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January 14, 2018, 03:26:00 AM
#56
I don't think that ban will have a major impact on the BTC price. At most it could have minimal fluctuations for a couple of days only to recover quickly.

I also assure as it is, BTC is currently very strong and convincing for all in desperate need of BTC.
some countries may have started banning but I see just not making the transactions approved only, but for other transactions still running.
full member
Activity: 403
Merit: 100
January 14, 2018, 03:16:37 AM
#55
maybe the Indonesian government has its own alesan to prohibit bitcoin,
but not an effect of bitcoin reduction, I'm sure bitcoin will continue to exist
newbie
Activity: 182
Merit: 0
January 14, 2018, 03:14:25 AM
#54
In my opinion bitcoin will continues its business even some country banned bitcoin. It cannot stop bitcoin. It's rule is strong and unstoppable.
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