Topic: What do you think about the price of Bitcoin if Donald Trump can ban Bitcoin ? - page 3. (Read 1039 times)
July 22, 2019, 02:53:55 AM
Donald Trump could ban bitcoin and other cryptocurrencies banned from USA, and the same can't be expected to happen through the rest of the countries. Even now there are more countries that have banned the usage of bitcoin, yet the usage from people keeps continuing. I believe there will be such disturbance in the market if Trump takes some initiative to ban bitcoin, other than that there won't be big impact.
July 22, 2019, 02:25:01 AM
No one will directly ban the Bitcoin or accept the bitcoin due to some background history but the price hike and the increasing acceptance capacity of Bitcoin creating a strong global ground for this digital asset.
July 22, 2019, 02:13:43 AM
He only says few words through an social media but it's makes crypto users around the world speculate about the future of crypto but it would be different if those tweeted came from the presidents outside US however if this is happen then i think the price suddently fall as some of people always be utilize bad news about crypto to dumped the price but i don't think it will be last long consider most of bitcoin users not only came from US
July 22, 2019, 01:43:31 AM
Donald Trump will face the full force of some very powerful companies in the courts, if this happens. A company like Coinbase can fund a lot of lawyers to fight this all the way to the Constitutional court and we have seen previous court cases on encryption technology that has already paved the way for them not to even attempt this. 
It's not about data encryption, but rather the ownership of a certain kind of property. I think it's unlikely but as pointed out earlier, the US government could outlaw private bitcoin ownership just like they did with gold for 40 years. Gold confiscation by the government was never found to be a constitutional issue.
July 22, 2019, 01:21:44 AM
Donald Trump will face the full force of some very powerful companies in the courts, if this happens. A company like Coinbase can fund a lot of lawyers to fight this all the way to the Constitutional court and we have seen previous court cases on encryption technology that has already paved the way for them not to even attempt this.
We also saw what happened in the US when they banned the nationwide sale and import of alcoholic beverages, called the Prohibition. People just went underground and started to do this illegally and this robbed the US of millions in tax income for years. We already know Bitcoin is unstoppable, so you can guess what will happen if they start banning Bitcoin too.
We also saw what happened in the US when they banned the nationwide sale and import of alcoholic beverages, called the Prohibition. People just went underground and started to do this illegally and this robbed the US of millions in tax income for years. We already know Bitcoin is unstoppable, so you can guess what will happen if they start banning Bitcoin too.
July 22, 2019, 01:00:26 AM
It is unlikely that Donald Trump will prohibit the use of Bitcoin. From his statements on social networks it is seen that he expressed his opinion as a person and as if from an observer.
However, if he does this as the president of the United States, then this will cause a bitcoin price reduction for a while. We see that such bans are ineffective.
However, if he does this as the president of the United States, then this will cause a bitcoin price reduction for a while. We see that such bans are ineffective.
July 22, 2019, 12:03:13 AM
i think if donald trump ban bitcoin it's doesnt mater with the bitcoin prices because bitcoin holder not just from the US.
July 21, 2019, 10:31:14 PM
I don't think the price will drop if Trump bans the bitcoin. Most of the platforms and users are not in the US, most of them are in Europe so I think it'll affect it a little bit. If OP is just referring about the bitcoin then Ethereum and other platforms will lively go pump in the market.
Seems you're understimating how powerful the US president is in regard of its decisions. The price will obviously drops and has great but its not necessary that's the end of BTC, no one can kill BTC except if the whole internet goes down.I am actually underestimating this US president. And I don't believe that there will be a significant drop of Bitcoin's price even if Trump will declare it illegal. Look at how Bitcoin fared when he made his infamous statement that he does not like Bitcoin at all? Not only did he say that he does not like it, he also associated Bitcoin with crimes. Was there a drop? Not a single Satoshi.
If he cannot even fire a member of his white house press, how much more firing Bitcoin from the entire US?
July 21, 2019, 10:01:04 PM
any kind of negative news in any kind of market out there always causes a downtrend in that market, there is no exception either. so your question is half answered, obviously bitcoin price could fall if that hypothetical situation happened.
but again like any other market the value doesn't come from random news whether positive or negative. the value always comes from the utilities and bitcoin won't change when a country bans it or when a country adopts it, bitcoin will remain the same resilient decentralized currency as it has always been. so the other half of the answer is that price would rise back up after the "drama" ended.
but again like any other market the value doesn't come from random news whether positive or negative. the value always comes from the utilities and bitcoin won't change when a country bans it or when a country adopts it, bitcoin will remain the same resilient decentralized currency as it has always been. so the other half of the answer is that price would rise back up after the "drama" ended.
July 21, 2019, 07:41:19 PM
I mean you can`t really ban bitcoin, You can outlaw it in your country. It would have 0 impact on bitcoin itself, other than speeding up the network a little once all the traders were done changing exchanges and some leaving the market/bitcoin.
As for the price sure the market may go down a little for a bit, but it would go back up and when other countries and merchants refuse USD over it, which they will, I promise you, then It will go back up a fuck load.
Just know it will be your only time to get cheap coins again if he "banned (outlawed in his own country)" bitcoin, that will be the last big dipper.
As for the price sure the market may go down a little for a bit, but it would go back up and when other countries and merchants refuse USD over it, which they will, I promise you, then It will go back up a fuck load.
Just know it will be your only time to get cheap coins again if he "banned (outlawed in his own country)" bitcoin, that will be the last big dipper.
July 21, 2019, 07:13:33 PM
The price will surely fall off the track but does not mean that the bitcoin will die after He Banned it, remember China has Banned bitcoin too but it remains until it recovered its price again. so if Trump banned bitcoin, it will not affect much it just one of the worst decision he will make.
July 21, 2019, 06:52:55 PM
He cannot ban what he does not have control over.
He can, but that doesn't mean its the end, more people will support BTC coz obviously, the government doesn't want it.of course it wouldn't kill bitcoin, but driving it into the black market would have a pretty big effect.
That would people in the US will actually do once a ban lifted in there. 
July 21, 2019, 06:21:22 PM
If politicians could ban Bitcoin, they would have done it by now.
They can't ban it.
They can't ban it.
well sure they can. trump could even do it himself. in 1933, FDR banned private ownership of gold by executive order, and required people to sell it to the government at a fixed price. you don't think they could do that again?
of course it wouldn't kill bitcoin, but driving it into the black market would have a pretty big effect.
July 21, 2019, 02:17:11 PM
He cannot ban what he does not have control over. However, if he happens to kick against Bitcoin, that might seriously dampen the price of Bitcoin for some time, as he might influence other allied countries to do same. However, that wouldn’t last long as cryptocurrency will keep growing and he would not be in that position forever.
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July 21, 2019, 02:02:17 PM
I think the prices will most definitely drop if Trump would ban bitcoin, simply due to the fear of people owning it. I have no doubts that majority of the Americans will sell, while the others will just hide their coins on their wallets and not use them for now.
P.S. Governments can't ban Bitcoin per se, just as they can't ban torrents, but they can definitely make the ownership of bitcoin illegal. Probably by giving penalties like jail time and such.
May be I will have another chance to buy some more Bitcoin. Those who are truly into Bitcoin they know that it's not going to die very soon in fact never.P.S. Governments can't ban Bitcoin per se, just as they can't ban torrents, but they can definitely make the ownership of bitcoin illegal. Probably by giving penalties like jail time and such.
OP: If Trump ban Bitcoin then it will be ban from USA, do you think people from the other countries care about it much. In fact they will take this chance and become more richer than Americans :-)
July 21, 2019, 01:33:02 PM
I don't think the price will drop if Trump bans the bitcoin. Most of the platforms and users are not in the US, most of them are in Europe so I think it'll affect it a little bit. If OP is just referring about the bitcoin then Ethereum and other platforms will lively go pump in the market.
Seems you're understimating how powerful the US president is in regard of its decisions. The price will obviously drops and has great but its not necessary that's the end of BTC, no one can kill BTC except if the whole internet goes down. 
July 21, 2019, 01:29:31 PM
In any way it's hard to run service from USA because of high costs, so this decision won't affect current US companies seriously, that's good. Then probably people will massively start to use VPN and access their coins this way.
If USA banks bitcoin there mustn't be massive panic to my mind.
Wrong. If the US govt decides to ban Bitcoin, it'll definitely affect crypto companies in the US, like exchanges, as well as the entire crypto ecosystem in this country. Also, with a bitcoin ban, you can bet your ass that we won't see Bakkt or a Bitcoin ETF (so, it'll also affect those US-based companies and financial institutions that want to jump into the btc bandwagon), meaning no "massive influx of fresh capital from institutional investors" which is what the BTC community wants in order to see the price and the value of their BTC stash skyrocket.If USA banks bitcoin there mustn't be massive panic to my mind.
+1 to this one, bitcoin's network doesn't depend hugely on USA
USA is one of the biggest players in the crypto market, a ban, or something similar on bitcoin in the US, will 110% have a negative effect in the Bitcoin price, and god knows if it'll cause a snowball effect in the rest of world. Then again, chances of seeing a ban on Bitcoin from the US are so low that most of the time I consider discussing the matter a complete waste of time. 
July 21, 2019, 12:42:16 PM
Okay. Let's start by saying that it's just one tweet, and that it can be that Trump's just saying what the people who elected him want to hear mostly. America's great, America's money is the best, America's banks are the best and other sh*t like that. Even if the guy doesn't like Bitcoin and would prefer to ban it, he can't. He is only the president, not the king. He cannot make laws, he can only sign or veto them. And his party doesn't have the majority in a part of the parliament. And his party doesn't have the majority in the House of representatives which passes bills, so not a chance.
If he were able to that, though, it could affect the price for a while. But Bitcoin is strong, it would've got out of it eventually anyway.
If he were able to that, though, it could affect the price for a while. But Bitcoin is strong, it would've got out of it eventually anyway.
July 21, 2019, 12:39:07 PM
Trump saying he is going to ban Bitcoin is like him saying he is going to build a border wall. Neither will happen. I wouldn't worry about it too much, but his tweets certainly do affect the crypto-market, along with the regular stock-market. Like I always say, there is no bad publicity for things like Bitcoin.
Trump is not popular among the public and many of his decisions are not been accepted by the public at large. I do not know what is his intentions when he is giving such statements about the bitcoins but overall this is sad for bitcoin community. I hope he changes his opinion about bitcoin soon.
July 21, 2019, 12:24:51 PM
Sure Trump can ban BTC. It's highly unlikely though, and the ban won't stay forever as cryptocurrency in general will grow. US doesn't want to stay behind the rest of the world.
The price of BTC will drop significantly I think if Trump decides to ban it completely, but that will just be another buy opportunity. Long-term BTC isn't going anywhere, and still heavily undervalued.
The price of BTC will drop significantly I think if Trump decides to ban it completely, but that will just be another buy opportunity. Long-term BTC isn't going anywhere, and still heavily undervalued.
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