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Topic: Guys what you think will happen if many countries ban Bitcoin ??? - page 2. (Read 278 times)

member
Activity: 120
Merit: 10
Riding Whales to the Moon!
What will happen is in my opinion difficult to predict. We all have opinions but i think its can go certain ways. As you can follow in recent news its a fact that big banks are already investing in cryptocurrency big time so that will make it even more difficult. Governments want to regulate it and when they realize thats almost impossible they going to tax it hehe time will tell  Shocked
newbie
Activity: 12
Merit: 0
This will probably never happen in most countries. There is already so much money invested in cryptocurrency, it would be very difficult for governments to ban it.
legendary
Activity: 1092
Merit: 1001
Guys what you think will happen if many countries ban Bitcoin Huh

There is only one question.. if they all decide to do exactly the same, then a lot of people will try to figure out how the hell to try to use it.

Anyway, we are going to find a way out to keep using bitcoin or cryptocurrencies, just like it is happening right now.

The American people who is not allowed to invest in ICO's, are still doing it so by other ways, there is always a path to still do it, so i do not understand why you are really asking that.
legendary
Activity: 1666
Merit: 1001
It will be bad for Bitcoin, the first things that going to happen is there will be panic sell and dumping, so it will caused the price to fall down sharply, and with the banning situation it will be hard for most people to do transaction, if all country banned Bitcoin then it can be the end of bitcoin
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
Guys what you think will happen if many countries ban Bitcoin Huh

Cryptos will become a fringe plaything. Most law abiding citizens will choose to follow the rules, even if they don't make sense. Like Jamie Dimon said, Bitcoin will be used by criminals and libertarians and nobody else.
full member
Activity: 378
Merit: 100
If many countries ban bitcoin its price will have a free fall because lots of people would walk away by taking their investments and get out of crypto market, hope it never happens.
member
Activity: 279
Merit: 16
Guys what you think will happen if many countries ban Bitcoin Huh

The price will fall. It's pretty clear, supply and demand and all that. Banning means price falls and supply momentarily increases as people dump their coins, hence price falls.
sr. member
Activity: 686
Merit: 250
Guys what you think will happen if many countries ban Bitcoin Huh
There is going to be a divide between bitcoin users, some are going to keep holding and some will sell, this will make the price of bitcoin to go down temporarily, but eventually bitcoin will begin to make a comeback and governments will understand they will have no other choice but to accept bitcoin and try to regulate it but by that time it will be too late since people will feel the weakness of the governments.
full member
Activity: 154
Merit: 100
🌟 MIRA ICO 🌟
I originally thought that if a lot of countries came together this would mess up bitcoin but now I am thinking first that is not too likely given each government has their own wants and needs. And second but more importantly you are gonna try shutting down the internet and throwing everybody in jail? Good luck I don't foresee it happening, although if it did happen I would understand why.
member
Activity: 476
Merit: 12
Bitcoin existence and progress does not depend on any government, So banning of Bitcoin will not have any  long term effect on Bitcoin.
member
Activity: 232
Merit: 11
If ever that many countries would ban bitcoin, its price would fall back down due to the reason that the trade and volume makes its price grow that up high, and the community itself will decrease so do the coin.
newbie
Activity: 10
Merit: 0

Countries do not want to ban them, sooner or later they will have to accept it, because there are many ways to continue with that market without any follow-up.
member
Activity: 62
Merit: 10
Guys what you think will happen if many countries ban Bitcoin Huh
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