If strong countries in the world decide to stop this market. Can they do it?

Argoo

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Quote from: jonathan6655321 on November 05, 2017, 08:27:20 AM

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

Of course, the world's leading states can, if desired, greatly harm the circulation of the crypto currency by closing all the possible and under their jurisdiction crypto-exchange exchanges, exchangers, core sites and establishing responsibility for using crypto currency. However, in practice, such association of these states with the purpose of prohibiting crypto currency is hardly possible. In addition, the end of such attempts is difficult to say. People will always have the opportunity to use the crypto currency until the Internet exists and if at least one state allows the existence of crypto-exchange exchanges and exchangers on its territory.

jayco25

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The cannot do that to stop market or even use of bitcoin. Like Korea and China they banning some crypto currencies market but still most of players and traders are Chinese and Koreans. Im not comparing bitcoin to drugs but if you know drugs is prohibited but still a lot of users.

#Taklimakan

Finestream

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Quote from: cherry yu on April 24, 2018, 11:13:42 AM

many people patronizing bitcoin , i think it cannot stop easily the market. in what basis they stop the market? because of fear that it might control thier economy? if specific country ban bitcoin yes... but stop the market i doubt it. people who are connected in blockcahin crypto will find the to way to acess.

Yes.People will still pursue to make an access to bitcoin even if it takes harder for them.I think there's no way to stop bitcoin,unless if the internet will be shut down.All the transactions will not be successfully made.Strong countries may stop the market but bitcoin will still continue.For sure this will bring negative pressures and the price will be affected again.But still people are strong enough to face all these trials.

gentlemand

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Welt Am Draht

Absolutely no way can it be stopped. To do that they'd have to shut down the internet and all banking.

Can they massively dampen it? You bet. They can do a China and block sites, ban exchanges and order banks to reject anything identifiable as crypto. That's still not going to stop it but it would deter a lot of people.

In time the people who'd been deterred might see that the markets continue as decentralised exchanges improve, private trading platforms get better and P2P becomes the norm and then the deterred get back in at which point the government efforts prove to have been a waste. They've just helped to ignite a market that exists outside government control, has no interest in returning to it and has been thoroughly battle tested to resist it.

7788bitcoin

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The governments around the world could restrict the market and they could ban the usage of banks and their national currencies to trade crypto currencies but the market will move on and if the common people can create this market then we will find a solution for all the hurdles, the most important thing they should understand is that if they legalize things they could monitor the flow of money and if not it will be nearly impossible to track and i think government wants the upper hand and thereby legalizing it will be the only solution.

daenarys_stormborn

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I think the possibility of a very strong country government can remove bitcoin, of course, but it is likely to be very difficult, which may happen is that market prices will fall drastically, due to reduced investor confidence, and the reason for bitcoin is very difficult to remove is because there are so many big companies that use blockchain and bitcoin technology, so it has been considered important for their economy

cherry yu

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Vertex.Market, the World's First ICO Aftermarket

many people patronizing bitcoin , i think it cannot stop easily the market. in what basis they stop the market? because of fear that it might control thier economy? if specific country ban bitcoin yes... but stop the market i doubt it. people who are connected in blockcahin crypto will find the to way to acess.

jaymmagne

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Some countries regulates their government to stop bitcoin transactions but it's very difficult for them to stop it right now. Many high influence people have some connections with bitcoin as of today.

franciscoDC

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No i think it cant stop the market even if they are the best stronger country in the world,because there are still more country that could support this and probably because of many people who want tosupport this.

tayogpanganiban

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The Pure Proof-of-Tansaction [POT]

Quote from: jonathan6655321 on November 05, 2017, 08:27:20 AM

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

I think they can't stop it,even the strong country,people are already start embracing and adopting cryptocurrency.I think they wouldn't do it because cryptos are made because they want to give good oppurtunity to the people.

TheGodFather

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Quote from: jonathan6655321 on November 05, 2017, 08:27:20 AM

If strong countries in the world decide to stop this market. Can they do it?
I understand the power of blockchain, but i really wonder if there is a way for REALLY strong countries to stop this market and also stop the people from trading/using it.
what do you think?

They can, of course they can. Especially if the majoy countries or the world powers as we call them would decide that they fear bitcoin more than they can find ise for the cryptocurrency market then I know that even if bitcoin is decentralized it can spark a chain reaction that can result not just in the end of bitcoin but for the whole of the cryptocurrency market as well. But, for this it has to be unifoed and to me that is neigh impossible as some are considering the use of this system

shaikhimoqc

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Only a combination of world powers can stop this market!

China banned the market in September 2017, after a brief dip and then a rally.

The power of a single country can hardly affect the digital encryption money market!

aitrading

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Maybe they will try to do it, but in the end no results will come.

freesia_pnp888

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can you tell me which strong countries?

Topek3

newbie

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if the strong countries try to stop this market i think the other countries where ban this forum will join force to stop this market in the world because the bitcoin are make in internet and will stop using internet . For short bitcoin is make in internet it will be end in internet

daarul50

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More and more parties are threatening to ban any crypto activity then the stronger also crypto will survive. Before stopping the better crypto the government stops in advance the long-standing problems such as money laundering, corruption, illegal funding using fiat currency. After they can solve these problems they can only try to stop the crypto market even if the effort will be in vain because bitcoin users will continue to find ways of the various problems encountered.

Sahyadri

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All the top counties together have been unable to stop terrorism, exploitation, thefts, pirated websites, child labour, poverty. What makes you think they can stop bitcoin trading? People will find a way somehow. Even in countries where bitcoin is banned people have found ways to do trading.
So unless there are extremely strict bans in place, nothing can be stopped.

Notcalculator

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★Bitvest.io★ Play Plinko or Invest!

If you define stop as it ever reaching mainstream or wide adoption then yes. You make something illegal then it would never be mainstream. Doesn't mean the market will completely disappear. It would still exists underground and places out of the jurisdiction of the party who banned it.

Baimovic

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yes, the world can do that, if there is no crypto market, then bitcoin will also have no special value. bitcoin will only be a trash that has no benefits.

but I think the world will not to do that, fiat currency is not able to maintain its value, because the value of fiat easily influenced by interests such as politics, the monetary crisis, and also the chaos of the world economy.

so investors and the public will choose bitcoin as a place to invest, transact, and save their money.

Happydd

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Bitcoin is chosen by many countries in the world. But there are also some strong countries that have decided to stop investing in bitcoins. Perhaps they have recognized the risks in the bitcoin market. This may affect the price of bitcoin compared to the present.

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