in fact I would not be so positive on this.
in the case global bitcoin shutdown, bitcoin's traffic could be easily intercepted and as result blocked on the root switches
the only possible way is to develop highly secured traffic...
and also one more point, if bitcoin will be for people who "understand", that means it will become niche product, as result its price will be low
Topic: Bitcoin will Be 1M$ if all countries Ban it - page 4. (Read 983 times)
IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.
The concept of cryptocurrency is not like that, bitcoin is banned all over the world, so demand will go down and supply will remain. You know right now many users are still having trouble making a profit on the bitcoin market. If bitcoin is banned and goes to undergorund, imagine that there is little demand but supply remains, it will actually be a bitcoin collapse. That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.
maybe you are a bit right with a statement like that, but if it really happens then it also affects us as bitcoin hunters, because we will be very difficult to access the internet into the sale of bitcoin, because maybe the government has blocked it, and many more risks we had if the government of the entire country actually banned bitcoin ..
This is ridiculous. Bitcoin won't increase its price if all country will ban it. We know very well that the reason for the increase in the price of bitcoin is because of demand, if ever that the whole world will counter the dominance of bitcoin, its demand will drop and it will start to become useless.
maybe you are a bit right with a statement like that, but if it really happens then it also affects us as bitcoin hunters, because we will be very difficult to access the internet into the sale of bitcoin, because maybe the government has blocked it, and many more risks we had if the government of the entire country actually banned bitcoin ..
As simple as that,
Its not actually that simple. You can't know that, its possible scenario but increase of value by x50 is pure guessing.
If it would be banned trading would be harder but goverment free store of value is value in itself. It can't be seized, it can't be stolen from you (only on your own fault).
This is biggest achievement of modern times except inventions of Elon Musk like starlink etc
Bitcoin has that potential from the start, no need to ban it to increase its demands and price. Cryptocurrency adoption will put bitcoin into that price. We are slowly reaching new ath. If you look back from history about 3 years or more new ath has been reach and we are slowly getting there.
If we will going to look at some reasons why bitcoin should be banned in most countries, me might just have a headache since bitcoins capability cannot be just set asided. Government will act in a way to take advantage of bitcoin and cryptocurrencies as it is now emerging and unstopabble. Going back to the price, bitcoins market value will be determined by the volume of adoption, and banning crypto will induce negative effects to its market price.
Do you mean like what happened with drugs after the US government declared a war on drugs? It doesn't work that way and th reason is that bitcoin is a currency and needs places to be spent. If the currency goes to the black market tso weill those who accept it. There will be far fewer places to spend it and you would have to deal with the underground type of people. Drugs work because they are consumable. The only person that needs to use the drugs is yourself. Unlike bitcoin which would rely on a third party drugs can be consumed alone and when they are consumed more are bought. If there is not many places to use bitcoin then there will not be as much bitcoin bought as there would be with drugs.
So basically this only works for things that are consumable.
So basically this only works for things that are consumable.
IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.
So what you mean the illegal use will increase the value of btc?because if the whole world banned this currency Then Who will be needing this?aside from those who’re hiding their transactions from the government by using cryptocurrency.That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.
Law abiding people will not risk their life by using currency that has been banned and prohibited so the thing is only criminals and bad elements will be using this coin
Bitcoin has that potential from the start, no need to ban it to increase its demands and price. Cryptocurrency adoption will put bitcoin into that price. We are slowly reaching new ath. If you look back from history about 3 years or more new ath has been reach and we are slowly getting there.
prohibiting the use of bitcoin will only make the price of bitcoin weaker because surely the demand at the exchange site is starting to weaken, it's better that bitcoin is not banned anywhere and can be used for many people from all countries and will make the price of bitcoin increase due to the influence of high demand.
Clearly, OP doesn't know much about of the more adaptation of Bitcoin the more it will become too expensive because of the demand. If all countries going to ban Bitcoin then surely Bitcoin price and value will drop as there are no demands anymore. The only thing that make Bitcoin reach this price is because of the demand of the people.there's also more people who will be holding and investing with this system, with that we are going to witness more value and more price to increase. While with banning an in it's illegal side government can completely crashed all the services inside their jurisdictions if being completely labelled as illegal from their government rules.
You are thinking in absolute logic there though and any time we are dealing with people the reverse might be true. The ban from politics is not a force of god, the USSR banned US dollars and they were used every day regardless because they had utility in society that was useful far beyond the ban and its punishments.
In some parts of the world they have no actual usable money, people might die for this reason because all thats left is to be a farmer and barter your goods. Or the obvious choice is to find an alternative such as dollars which can be sanctioned or banned or Bitcoin which is peer to peer and exists on every network.
The OP might be posting a ridiculous figure but the idea that Bitcoin might be declared illegal is already a normal headline yet it carries on despite opposition and even more we can surmise the creator of Bitcoin was perfectly aware it might face a ban and knew it was vital for it to be operable in a decentralised way. As is the backbone of internet operations again many protocols are possible and obstruction is not a given, a ban with a higher price is not a contradictory statement. I may not agree completely but discussion on the idea is fair imo.
In some parts of the world they have no actual usable money, people might die for this reason because all thats left is to be a farmer and barter your goods. Or the obvious choice is to find an alternative such as dollars which can be sanctioned or banned or Bitcoin which is peer to peer and exists on every network.
The OP might be posting a ridiculous figure but the idea that Bitcoin might be declared illegal is already a normal headline yet it carries on despite opposition and even more we can surmise the creator of Bitcoin was perfectly aware it might face a ban and knew it was vital for it to be operable in a decentralised way. As is the backbone of internet operations again many protocols are possible and obstruction is not a given, a ban with a higher price is not a contradictory statement. I may not agree completely but discussion on the idea is fair imo.
prohibiting the use of bitcoin will only make the price of bitcoin weaker because surely the demand at the exchange site is starting to weaken, it's better that bitcoin is not banned anywhere and can be used for many people from all countries and will make the price of bitcoin increase due to the influence of high demand.
Clearly, OP doesn't know much about of the more adaptation of Bitcoin the more it will become too expensive because of the demand. If all countries going to ban Bitcoin then surely Bitcoin price and value will drop as there are no demands anymore. The only thing that make Bitcoin reach this price is because of the demand of the people.
prohibiting the use of bitcoin will only make the price of bitcoin weaker because surely the demand at the exchange site is starting to weaken, it's better that bitcoin is not banned anywhere and can be used for many people from all countries and will make the price of bitcoin increase due to the influence of high demand.
IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.
Sorry do not offend to my answer about your question ofcourse it's obvious if bitcoin ban in the whole bitcoin are also die I am sure for that, nobody can buy and sell bitcoin because if that scenario come true bitcoin is a useless currency but, I don't believe that is comes happen to the bitcoin as digital crypto currency.
IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.
I dont see how this is gonna work. Yeah, a few might benefit if such a situation should occur but hows this gonna benefit the majority at large...
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.
Of course yes, bitcoin will not die if all countries prohibit bitcoin. but if you analyze the price and the demand for bitcoin will increase if all countries prohibit bitcoin I do not agree with you because bitcoin is not an object that is easily manipulated with things like this.IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
in 2012 (3 years after the emergence of bitcoin) only a few countries accepted bitcoin and at that time many countries did not accept and banned bitcoin because those countries thought of some negative things caused by bitcoin. if I look at your statement, why at that time bitcoin did not experience a very drastic increase in demand and the price of bitcoin?I have a personal answer to this question, which is what I pointed out above, because bitcoin is not an object or item that can be easily manipulated. bitcoin is a result of technology that has developed in its use. but those are just my personal opinions and answers
There is no way this will ever happen. Once blockchain technology plays an important role in setting up a peer to peer connection and also in the aspect of data collection (data ledger), there is no possible way that all countries will ban it. Even if it gets banned, demand rate is like drop drastically since majority investors will quickly sell their bitcoins for fiats just to be safe. Moreover, the market value of bitcoin is likely to drop since a lot of people will be in the rush to sell their bitcoin. This will cause an increase in the market supply with a low demand affecting the market price..
Yes, you're right. Bitcoin will not be able to reach $1M if all country ban it but for now not all countries ban bitcoin and there are now countries that started to recognize bitcoin due to its good qualities that government find it a very big help to boost their economy so I think that's what you've said won't happen for real.
Because technically what would happen is the opposite, bitcoin's demand will decrease, as a result, the hodlers who are still capable to sell it will sell it in a very low price wherein, there's still some that will buy it, those that are still believing that it can go uptrend again. Right now, it seems so impossible because we are now living in a digital era wherein, development is a must, so we will do everything for what the cryptocurrency should be.
IF the whole world ban BTC at first BTC will Crash very hard but only for a few month, Demand will be increased while there will be no Legal Seller, All trade will go to undergrand and Black market and illegal traffic, sellers will start to selling BTC 50 X more than current price. BTC will be more expensive, As simple as that,
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.
That was an answer for these who said BTC will die if whole world Ban it, So no BTC never Die.
This makes alot of sense.
Me too believe it will crash and begin to recover gradually... Price will then sky rocket later. And demand and supply will begin to determine the price of Bitcoin.
I remember back then as newbie how price of Bitcoin was fairly predictable, with periodic rise and fall. I think it was monthly fluctuation back then. Maybe I came during the good times.
There is no way this will ever happen. Once blockchain technology plays an important role in setting up a peer to peer connection and also in the aspect of data collection (data ledger), there is no possible way that all countries will ban it. Even if it gets banned, demand rate is like drop drastically since majority investors will quickly sell their bitcoins for fiats just to be safe. Moreover, the market value of bitcoin is likely to drop since a lot of people will be in the rush to sell their bitcoin. This will cause an increase in the market supply with a low demand affecting the market price..
Yes, you're right. Bitcoin will not be able to reach $1M if all country ban it but for now not all countries ban bitcoin and there are now countries that started to recognize bitcoin due to its good qualities that government find it a very big help to boost their economy so I think that's what you've said won't happen for real.
I don't see any sense from here, if it is banned, there are ways indeed to use crypto, but it will be useless if we won't be able to convert it to fiat.
The demand will just drop if this will happen.
There is no way this will ever happen. Once blockchain technology plays an important role in setting up a peer to peer connection and also in the aspect of data collection (data ledger), there is no possible way that all countries will ban it. Even if it gets banned, demand rate is like drop drastically since majority investors will quickly sell their bitcoins for fiats just to be safe. Moreover, the market value of bitcoin is likely to drop since a lot of people will be in the rush to sell their bitcoin. This will cause an increase in the market supply with a low demand affecting the market price..
Yes, you're right. Bitcoin will not be able to reach $1M if all country ban it but for now not all countries ban bitcoin and there are now countries that started to recognize bitcoin due to its good qualities that government find it a very big help to boost their economy so I think that's what you've said won't happen for real.
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