Serious topic: how can we be sure Bitcoin will not be banned by most countries? - page 5.

Roman Abraham

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Quote from: junoreactor on October 10, 2017, 09:02:23 PM

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

I hope that will not happen, but if we have to face the worst possibility that will happen and if one day bitcoin banned in many countries, then what I will do is I will still collect bitcoin, and if my bitcoin pretty much, I'm going to vacation in a country that still legalized bitcoin and redeems the bitcoin I have there, I think that's a pretty good choice.

annbagira

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Quote from: junoreactor on October 10, 2017, 09:02:23 PM

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

Hello author! To be sure this is "normal" and predictable situation...You can open your eyes and just looks all over around the world what you see?
I can say to you what I see. I see the Wars , poverty, greedy, violence, diseases and I am not a pessimist I just try to say in how unstable position all we are living! In every minutes we can hear about some awful things like Syria, Donbass, Korea etc

patt0

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Well first you can't make sure that bitcoin will not be banned. That decision can only be made by governments, and unless they ask for it's citizens decision by making a referendum, then there is not much you can do about it. Unless they would talk about it in a campaign, and then you wouldn't vote for them etc. But in the end there isn't much you can do to stop them, if they want to. You can of course ignore their decision, and use bitcoin anyway. It would be a risk, because you could get caught, but it would be possible to do it.

Anyway I don't really think that will happen anytime soon. Just take a look to Japan and Switzerland. I think most countries will have that approach. Of course that if bitcoin becomes a real threat to them, maybe they will attempt a ban, but if regulation gets done well, it shouldn't happen.

pat4cryptoreal

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I think banning of bitcoin by most country can not totally stop the usage of bitcoin because from on set bitcoin was not meant to be accepted by government. Bitcoin is the currency of the people not the currency of government. Relax, you are investing in unstoppable technology.

gabbie2010

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Bitcoin cannot be ban by all the countries so keep your investment intact and be optimistic that the prices of bitcoin will continue to rise.
Although there some illegalities being perpetuated by some scrupulous individuals using bitcoin e.g money laundering, terrorism funding, this is why some countries are taking drastic steps to prevent such nefarious activities, but this does not amount to the fact overall banning of bitcoin.

Dan D. Lion

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It seems that governments are controlled by giant corporations, therefore the question might also be asked, how will these corporations view Bitcoin in the future? If the corporations want it around, it will be around, and if they want it eliminated, it will be, to the extent they can actually accomplish it, eliminated, or radically marginalized. So we are more at the mercy of these corporations I believe.

Shamie1002

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I think that bitcoin in the near future is big money making me realize how would the government see this as a threat or advantage. Of course the government will announce wether it's legal or illegal.
So in short, there is nothing we can do if it will be banned and when it will happen. That is why bad images and issues should be eliminated for smoothe processes. This will keep bitcoin safe and with good purpose. As advice, I think that we should just be updated in bitcoin especially on how it is being used in our countries. It will prepare us tho.

vipgelsi

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As long as the people who make the rules own Bitcoin they will not ban it. Problem is we have to get them on board first.

iv4n

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I made a comment regarding this question, I will do it again for you. China didn't ban bitcoin, they banned icos and they did that because companies started to seek for investors in that way, and because many of startups are scams, and then they started to talk about legitimate exchangers. Russia will not ban bitcoin, they will do same as China did, they will ban all exchangers that they can't control, but legit exchangers will continue to work.
What ever they do will be a little problem for bitcoin, but that is all a little problem, nothing that bitcoin users can't handle.

jekjekman

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Quote from: junoreactor on October 10, 2017, 09:02:23 PM

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

You have a great question for a long term investor,

I think there is no way that a country can totally ban Bitcoin for their citizens to use as there is always a possible way for people to use whatever they want in life so maybe governments will only regulate it by creating a department that will monitor and give taxes to those people who uses it in a daily basis for their work or businesses, Bitcoin is the future of digital currency and banning it will not help instead accepting it with a good laws will make everyone okay.

We all know that Bitcoin is limited to 21,000,000 so by this I am confident that in the next years the price hike is inevitable as the supply is limited.

Aleister Crowley

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Quote from: junoreactor on October 10, 2017, 09:02:23 PM

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

In some cases, bitcoin will not be completely prohibited by most countries, as some countries consider bitcoin more important than fiat.
The possibility will not happen, I am also the holder. I think even bitcoin will find a place in many countries, many countries will receive bitcoin well, about russia this is only rumor not fact. The possibility that I see is that bitcoin will persist in the next 10 years.

bob123

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For me it is pretty unlikely to have Bitcoin banned in most of the countries. If several governments decide to ban the use/ownership/... of bitcoin (they can not ban Bitcoin as "technology")
we will have to follow their laws and are pretty helpless. Governments already showed us they "do whatever they want". It's hard to look ahead into the future.
But i still believe there are far bigger problems governments are/should focusing on. And Bitcoin will stay Bitcoin.

pawanjain

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Nothing lasts forever

Bitcoin is a decentralized currency which means it can be banned only by the government of the nation. It cannot be banned world wide.
The only possible way to ban it world wide would be if all the nations ban it together which I don't think will be happening seeing the growth rate of Bitcoin and the adoption of BTC by many countries. Bitcoin is going to stay here for long and might be the top most selling asset in a few years.
Bitcoin is being used by majority of the population and so it won't be getting a ban anytime soon.

btcprospecter

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I think it would be very hard for every country to ban bitcoin, even if some do and prices fall it would be wise to buy in then as well because the countries that ban it would most certainly be buying as well.

pearlmen

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Quote from: junoreactor on October 10, 2017, 09:02:23 PM

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

First thing first, you don't know and there is no way for us to know as well. Aside that, I stop bothering myself about issues like that several times ago since I started my journey into bitcoin because the feeling of being banned, I took some decisions and more than 1 year down the line, bitcoin is still standing and waxing stronger. Rather than been bothered about when they will find a solution to the banning of bitcoin, I would rather concentrate that on spreading its knowledge so that the population involved would force the hand of government to a favourable conclusion.

farhaan

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Its highly impossible to ban bitcoin in all countries.If they want to do so,then they would have to ban the internet completely which is not possible.If it had been possible to do so,US and many other countries would have banned bitcoin much earlier and by this time,bitcoin would have disappeared.

China and Russia have not been comfortable with bitcoin from the beginning.We cannot expect all the countries to have the same view about bitcoin as they have.We recently saw another asian country,japan a big economic giant legalized bitcoin.Vietnam,Australia,India are soon to legalize bitcoin.

So,its not possible to ban bitcoin.

Ludmilla_rose1995

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in my opinion, bitcoin will still exist and it is impossible if almost all countries forbid it. although there are some countries banning bitcoin trading, I think it is a game of state government that they want bitcoin prices to go down and buy lots of bitcoin at cheap prices. that's my opinion

emberbekas

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Quote from: junoreactor on October 10, 2017, 09:02:23 PM

Hi,
First of all, I am a holder, and Bitcoin is for me is an investment, I intend to hold for at least 5 years, so the question asked in the topic title is the last thing in the world I want.
That being said, with China, and now this rumor about Russia, I have to ask this question: how do you deal with the possibility that one day Bitcoin could be illegal in most countries?
Is it a possibility?
It is likely/unlikely?

All opinions are welcome.

Regards.

The chance for most countries to ban bitcoin at the same time will be very small. But if it just your country who will ban it, I think you don't need to worry. They will give you time to convert and withdraw your money before they applied such new rules regarding the ban.

rodel caling

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i believe bitcoin should be on top in the world in currency as decentralized crypto currency legality of bitcoin are helping to people of every republic bitcoin guve decent job for the unemployed people and helping to the economy bitcoin have potential to grow with the altcoin i don't think bitcoin goes banned.

Kava

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I think that this is unlikely, but even if bitcoin is banned, then on the Internet it will be possible to circumvent this ban and then exchange bitcoin for other currencies that are not prohibited.

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