Topic: bitcoin banned - page 5. (Read 667 times)
so basically as long as you have internet you're covered, right?
I think it will affect the market. I'm totally sure that the price of BitCoin will be back to its true price, which is higher than it is at the moment.
No govt can ban Bitcoin it is connected tocomputers decentralised nt in one control govt form rules but can't ban completely
I so agree too if the government will ban bitcoin because it's a crypto currency system, moreover some countries still let it to do, such as Russia, China, Japan and Europe. For those countries still use the crypto currency, the middle country like Indonesia that it's still not banned.
is Indonesia so big and has so many internet and bitcoin users in order to have such a big influence over it?
I don't think so. Don't get me wrong but Indonesia is not such important player on Bitcoin market so that this ban could influence price significantly.
Also, Bitcoin price has become more resilient to such events and doesn't react so havily anymore. But hope that this ban will be just temporary.
Also, Bitcoin price has become more resilient to such events and doesn't react so havily anymore. But hope that this ban will be just temporary.
indonesian goverment banned bitcoin, affect the bitcoin price of the world ?
There's no event that can influence the fluctuation of BTC price in Brazil.
The BTC value in US can drop to 10K, in Brazil the price remains stable. That's why traders buy it in US exchanges for a cheaper price and resell it in Brazil, to profit from the price difference between countries.
We never know if the ban is just temporary until they finalise a law for their citizens. Bitcoin is still useable even online. The rise of bitcoin was quick and being young it hs achieved a lot already.
No govt can ban Bitcoin it is connected tocomputers decentralised nt in one control govt form rules but can't ban completely
No I don't think Indonesian governments ban of BTC alone will affect the price. Though some major governments are current active players on BTC, more governments will come on board and the BTC will have a more stable value.
I hope Bitcoin will never stop. According to my knowledge, it is high prise. So Everybody loves this bitcoin.
indonesian goverment banned bitcoin, affect the bitcoin price of the world ?
\If cryptocurrency will work in Russia, China, USA, Japan and Europe, like now - cryptocurrency will never die.
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.
indonesian goverment banned bitcoin, affect the bitcoin price of the world ?
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