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Topic: CAN ANY COUNTRY PULL BITCOIN DOWN FROM THE HEIGHT IT HAS GOTTEN TO? (Read 163 times)

hero member
Activity: 1134
Merit: 517
I do not think that any country can pull Bitcoin down, anyone tried banned bitcoin in it country  will regret it action because bitcoin generate employment to citizen of any country who allow bitcoin to function and add more to country economic development.
Not like a good number of countries never tried to ban Bitcoin, but fortunately for us, Bitcoin was well thought out by Satoshi and much more than what the governments bargained. Russia, China, India, all have made attempts to ban Bitcoin in the pass, but failed and now they have made a u turn.
newbie
Activity: 304
Merit: 0
I do not think that any country can pull Bitcoin down, anyone tried banned bitcoin in it country  will regret it action because bitcoin generate employment to citizen of any country who allow bitcoin to function and add more to country economic development.
jr. member
Activity: 546
Merit: 4
NO country can bring or pull down bitcoin

They will only hurt their citizens and pull down their economy by 2020
They will be behind several nations

USA validates bitcoin, tho restricts few icos
RussIa has approved bitcoin too
member
Activity: 126
Merit: 10
If any major country denounces and outlaws bitcoin, well maybe it wouldn't destroy bitcoin but would hurt it very bad. But there is so much money in crypto right now that I'm not sure whether any government would dare to do that at the moment.
full member
Activity: 168
Merit: 100
If one country bans Bitcoin while another country welcomes Bitcoin, then who stands to lose the most? That is the game we see unfolding right now.

For governments it's a balancing act between preventing a crisis (citizens getting mortgages to buy Bitcoin) and missing the benefits of a whole new industry.
newbie
Activity: 16
Merit: 0
I have noticed that the more some countries make  negative publicity about bitcoin, the stronger bitcoin becomes.
And that is the confidence that has kept me in this business. Wink
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