Well, I'm just curious, does banning bitcoin means that all cryptocurrency will be banned from that country?
i think it is yes, sometime they said they not ban bitcoin but ban digital currencies / cryptocurrencies. so it means altcoins included in it. if they not ban alts, how people exchange altcoin to fiat if not with bitcoin first? 
Topic: If bitcoin gets banned in a country, does altcoins get banned along with it? - page 2. (Read 417 times)
January 30, 2018, 10:25:07 AM
January 30, 2018, 10:19:32 AM
legislative bodies are trying to create strict regulations or even ban bitcoin because they possess only pieces of the overall picture and they don't understand that bitcoin is not absolutely anonymous,thats why they are scared,they don't know that bitcoin transactions can be chased and when bitcoin holder trying to withdraw funds from exchanges goverments can ask for this information from exchanges.In my opinion monero or Zcash transactions are harder to identify and just imagine if they ban only bitcoin what will they get by this? Absolutely nothing,So if they ban bitcoin it means that they will also ban other crypto currencies.
January 30, 2018, 03:56:49 AM
Well, I'm just curious, does banning bitcoin means that all cryptocurrency will be banned from that country?
indirectly prohibiting also on all crypto, so if bitcoin is prohibited in a country, altcoin automatically also participates in the ban. bitcoin and altcoin are in a crypto group of digital currencies.
January 29, 2018, 07:22:25 AM
Well, I'm just curious, does banning bitcoin means that all cryptocurrency will be banned from that country?
Well I think that all governments/countries that banned Bitcoin, more likely that they will also ban the whole cryptocurrency market because the reason why most governments/countries wants to ban Bitcoin is because it is not stable currency, it is decentralized and uncontrollable while most of altcoins out there are also the same, so I don't think that they will only ban Bitcoin alone. But there is an exemption from this ban, if a government have issue their own cryptocurrency, I don't think that they will ban their own coin. January 29, 2018, 07:04:58 AM
Of course the altcoins will get banned also because most of the times, the government look the overall cryptocurrency market as bitcoin because they know that bitcoin is the very first cryptocurrency that ever been made and publicized by satoshi nakamoto and if they will ban bitcoin then the altcoins will get ban also because they are all one type of thing which is a cryptocurrency.
January 29, 2018, 05:14:40 AM
Well, I'm just curious, does banning bitcoin means that all cryptocurrency will be banned from that country?
After all we know that bitcoin is the mother of all crypto currency. If bitcoin was banned other alt coin will be ban in same time. Bangladesh government direct told by Central bank notice that "bitcoin, ethereum, litecoin, Ripple is illegal." January 29, 2018, 05:05:45 AM
I do not agree with this idea.
Gold is a substance with physical value. I do not think that a matter that human beings can make can never take the place of nature.
Gold is a substance with physical value. I do not think that a matter that human beings can make can never take the place of nature.
January 29, 2018, 05:01:33 AM
If bitcoin gets banned in a country, that is most likely means that they are also banning the rest of the cryptocurrencies. We have witnessed how the market went to a bloody bath this month and that means bitcoin is down. That's simply because of the Cryptocurrency==Bitcoin pairing. So when bitcoin is down, eventuall alt coins will also down. So if bitcoin is banned, what's the use of other alt coins then?
January 29, 2018, 04:56:58 AM
Most likely yes, since bitcoin is the progenitor of crypto-currencies it wouldn't make sense to make an exception on the ban. Though maybe, just maybe, ripple might not be included once that happen since it has the favor of banks. And banks as we know it, have enough power to influence a country's government.
Exactly, whatever might happen to bitcoin negatively or positively have a direct impact on the altcoins and the recent fluctuations in the cryptocurrency markets have gone to show that bitcoins rises and falls with the altcoins and so if it gets banned in any country or even globally it will definitely have a ripple effect on the other altcoins.
January 29, 2018, 03:38:47 AM
I guess, the cryptocurrencies all-together will only be banned. There is no point in banning bitcoin alone and leaving the altcoins around..
January 29, 2018, 03:33:16 AM
Most likely yes, since bitcoin is the progenitor of crypto-currencies it wouldn't make sense to make an exception on the ban. Though maybe, just maybe, ripple might not be included once that happen since it has the favor of banks. And banks as we know it, have enough power to influence a country's government.
January 29, 2018, 03:26:57 AM
When they do a law paragraph, they bann all cryptocurrencies. I think when they know about bitcoin they know about other cryptocurrencies. The problem ist just with blocking the part of the internet. They can never block all connection to the blockchains. So there will always be a way. Especially with coins like XSPEC, Onion or Verge. These are totally anonymous coins which works in countrys where cryptos are banned too.
January 29, 2018, 03:19:15 AM
Yes, there is no doubt about it.
If bitcoin were banned in this country, other altcoins would surely be banned.
Because bitcoin is banned, it means the country has banned the encryption of cryptocurrency markets..
If bitcoin were banned in this country, other altcoins would surely be banned.
Because bitcoin is banned, it means the country has banned the encryption of cryptocurrency markets..
January 29, 2018, 03:10:39 AM
Well, I'm just curious, does banning bitcoin means that all cryptocurrency will be banned from that country?
Yes I think that restrictions anyway will be related to all cryptos.
January 29, 2018, 03:06:58 AM
Though they can scare the people in a country with restrictions and bans etc, they will have a really hard time to define, what a crypto currency really is and how to actually ban a protocol, without banning other legal tokens at the same time.
Also a country has to think very well, if they possibly get isolated, when they refuse to join the progress.
Also a country has to think very well, if they possibly get isolated, when they refuse to join the progress.
January 29, 2018, 02:34:18 AM
Of course, governments usually ban cryptocurrency itself, they just call it bitcoin, because they dont know the subject well
January 28, 2018, 03:12:51 PM
altcoins is a kind of crypto currency. In principle, crypto-currencies can be called anything. The bottom line is that in legislative acts this phenomenon is prohibited. So when I prohibit Bitcoin, this prohibits altcoins.
The features of cryptogeny are such that their complete prohibition is impossible in principle.
The features of cryptogeny are such that their complete prohibition is impossible in principle.
January 28, 2018, 02:19:19 PM
Yes the bitcoins closure means even end of altcoins as all are a part of the crypto currencies. This would take time as of now no such signs and regulation processes are still on. Let's see what happens in the near future. We have to be prepared and planned for the worst.
January 28, 2018, 02:17:53 PM
See it is but obvious that countries,if they want to banned bitcoin,they have to banned whole concept of cryptocurrency.If not then what is the point of banning single coin.There might be only if they want to increase the value of one certain coin by banning bitcoin which is very rare and had not happen yet.The main reason behind banned is the disturbance that has been caused by the cryptocurrency in financial planning of the countries and that would not be solved by banning bitcoin itself. So it is clear if countries want to banned bitcoin they have to banned every altcoin too.
January 28, 2018, 02:16:07 PM
I think that the governments of most countries would prohibit the general use of cryptocurrencies rather than prohibit just BTC.
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