Can Bitcoin be ban? - page 21. | Bitcointalksearch.org

The_prodigy

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Quote from: timcheerful1 on December 09, 2017, 08:44:18 AM

Can Bitcoin be ban?

As evident by what China and some countries have done they can effectvely restirct and impose on their citizens not to partake on cryptocurrency and though that might not be very fruitful it can be said that there is still a way to ban bitcoin

hadisaw

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https://keepcalm.finance/

No, prohibiting bitcoin is the same as opposing the progress of the times. We have to step forward to get better, and bitcoin is a means to achieve it.

randyboy

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I dont think so maybe not because bitcoin is providing on us many bitcoin depending on bitcoin and people get job using bitcoin online cryptocurrencies and many company use from it.

jayco25

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Its really hard to ban bitcoin. Bitcoin is a decentralized currency so that no people, government or agencies who can handle or can control bitcoin. Maybe they can make ADS against bitcoin but to control it very impossible/

cizatext

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Is very difficult for government to be able to ban bitcoin in the sense that bitcoin is a decentralized currency so at that is not under the control of any government or central bank. And the government can not trace and punish those who use bitcoin the government can only drive some mojars to take bitcoin underground but can not totally berry bitcoin. As long as there is internet and a smart phone bitcoin activities can take place.

udayantha11

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2023 would most likely be as bearish as 2022

Quote from: timcheerful1 on December 09, 2017, 08:44:18 AM

Can Bitcoin be ban?

Btc unable to ban. But the thing is govenment can make regulations like china. China now banned on ico.
In other hand btc withdrawals can be taxable.

If your withdrawn 1000 usd to your bank book then can tax. Bank may be ask.

Those stuffs can be implemented. Or else btc unable
To ban.

Matimtim

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There are some country here that are trying to limit the use of bitcoin, that's why we can say bitcoin can be ban in some country in this world, but not totally ban its just for their territory.

markleal

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HODL

Quote from: timcheerful1 on December 09, 2017, 08:44:18 AM

Can Bitcoin be ban?

Hi there timcheerful1! Yes, it could be banned. Currently there are maybe four countries that banned bitcoin and even all cryptocurrency. The government explain that they banned those technology due to the increasing reports of fraud and their people fall in different fraudulent schemes. Thus to protect their citizen, they intended to banned it. Other country have given warning to their citizen to avoid investing into the crypto due to its unstable price swings. However, that price swings is the one that people (mostly traders) love. Price swings, enable them to buy low and sell high resulting in more profit. Wink

bitfocus

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No, Practically and Technically Bitcoin cannot be banned. Only if the whole world stops using tech and goes back to stone age, that might be possible. Also, you can dig this forum for such thousand threads where Why Bitcoin Cannot Be Banned is explained nicely and elaborately.

BTCbengi

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I do not think it's really hard to stop Bitcoin from a country where citizens can still join it in the dark. Everything is absolutely confidential and anonymously so no one knows who you are. In addition, I think Bitcoin helps the economy of a developed country, reducing unemployment, increasing revenue for users, etc. So more and more people join it despite the government has recommended not to participate in Bitcoin

shadowdio

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Zawardo

yes, bitcoin can be ban if the government want to, if they think that bitcoin will down their economy so they will ban bitcoin not just bitcoin but maybe all virtual cryptocurrencies. I hope that not gonna happen to my country because bitcoin is my source of income.

marcbitcoins

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Quote from: timcheerful1 on December 09, 2017, 08:44:18 AM

Can Bitcoin be ban?

Absolutely bitcoin can be ban anywhere in the world like in Indonesia and Sri Lanka. The ban will depend upon the government belief of bitcoin like they afraid that it might use it in illegal activities like scam and laundering in which it might ruin their country and put their citizens at risk but if they will just regulate the bitcoin all of these issues will be resolve.

Ranly123

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Quote from: timcheerful1 on December 09, 2017, 08:44:18 AM

Can Bitcoin be ban?

It is absolutely no, thats why some wallets are decentralized in order to keep the government away from handling bitcoin or cryptocurrency. Maybe using bitcoin can be controlled through centralized wallet which is some counties are using is a good idea. But when you say a total ban on bitcoin it is not posible since bitcoin does not exist in real world, cannot be traced and cannot be seen. Banning bitcoin is impossible for sure.

Renal

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Almost all countries have received bitcoin so I think bitcoin is hard to forbid by itself bitcoin will continue to grow.

jpoker272727

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Quote from: aray80 on December 11, 2017, 11:17:10 AM

Yes, but to stop bitcoin lovers it requires a replacement that can be used as a place to earn the same income.

Answering to the above question, like you have said, yes bitcoins can be banned and if you see there are so many countries where bitcoins are already banned. They don’t want to live the life of an amazing world. They will regret in near future when other bitcoin’s countries would be enjoying the perks of this amazing coin and they will be crying over spilt milk. May they get mind.

webdevmastery

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There are governments who already ban bitcoins in their country because they are avoiding problems coming from the terrorist because they believe that btc currency is for terrorist to buy guns and drugs online.

minldem

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if governments have the interest from it, i mean if they can also get profit from the earnings by btc, they won't try to intervene much, like regulations. however, more conservative ones would like to control people via taxes on their profit from btc because they don't like things which they cannot control.

snekinmyleg

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Yes , it's can be, actually it's already being banned in the past but people are accepting it for now so not much goverments in the world now ban it.

CryptoBitCoins

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Not at this time. At the moment, bitcoin has strengthened its position in advanced countries, rich people have invested in it their finances and now, I think, it is not in their interests to prohibit bitcoin, so no one will forbid it. And personally, I can not think of how to block it.

canarryan72

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it could be bitcoin forbidden by government regulation .. but it seems that bitcoin big players will definitely negotiate for government policy to handle the bitcoin.
or perhaps the government itself took part in this bitcoin.

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