What do you think about the price of Bitcoin if Donald Trump can ban Bitcoin ? - page 4.

Rufsilf

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Quote from: LoyceMobile on July 21, 2019, 10:57:52 AM

If politicians could ban Bitcoin, they would have done it by now.
They can't ban it.

Right, I think it’s already to late for politicians to ban it considering that bitcoin is already established and is gaining popularity each and everyday. I just think bitcoin can’t be banned now and if incase politicians will ban bitcoin it may affect the price a little bit but I don’t think it will have a significant change in the price.

davis196

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Oh,come on.The Donald Trump crypto tweets topic is all over the forum during the last few days.
Can we just STFU about it? Sad

The bitcoin price is now stable and the FUD wave is gone(for now).Donald Trump might not be president after 2020.
If bitcoin gets banned in the USA,it's price will go down for sure,but the blockchain will survive.Americans will have to use VPNs or Tor in order to trade BTC after such ban.

mk4

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Quote from: finaleshot2016 on July 21, 2019, 11:39:17 AM

Quote from: mk4 on July 21, 2019, 11:19:35 AM

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.

Based from some articles[1] from crypto news sites, from Binance alone, the percentage of traffic from U.S. customers is approximately 15-20%. I'm pretty sure that's a significant number if you ask me.

Also, by the way, Coinbase, Kraken, and Gemini are US-based companies.

[1] https://www.theblockcrypto.com/2019/06/14/us-customers-to-be-blocked-from-trading-on-binance-com/
https://cryptoslate.com/binance-to-block-customers-in-the-united-states-from-trading-plans-to-launch-binance-us-soon/

target

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There are countries that banned BTC. They can't however stop their people from using it and this will also happen in US if Trump ban BTC, the government just have no jurisdiction over a p2p network but then the price will certainly dip if Trump announce it. I'm not gonna try holding mine if there is a chance to profit, I would sell mine for I know I might be able to profit from it.

fiulpro

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He won't
Trust me.
Because still there are things in US itself that shows how some big business men thinks that It could just change the whole senario in the US regarding it economy.
The 3-4th highest chances of you bumping into a Bitcoins ATM is itself in US only.
He doesn't like it doesn't mean it doesn't support.
I think the future is bright in the US.

finaleshot2016

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Quote from: mk4 on July 21, 2019, 11:19:35 AM

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.

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.

shield132

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Quote from: rosezionjohn on July 21, 2019, 11:05:14 AM

Let us say for example a law to ban bitcoin was passed in the US, the price will go way higher simply because of the difficulty of buying it. Some people will still buy bitcoin even if it's declared illegal there.

+1 to this one, bitcoin's network doesn't depend hugely on USA, if they take this decision, this will be another proof of their dumbness which I don't think they are.
But still imagien USA banned bitcoin: what happens? Alternative ways, bunch of VPNs and mining/operation from current companies will continue from different location. 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.

mk4

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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.

Aero Blue

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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.

rosezionjohn

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Let us say for example a law to ban bitcoin was passed in the US, the price will go way higher simply because of the difficulty of buying it. Some people will still buy bitcoin even if it's declared illegal there.

JohnBitCo

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Quote from: Handsome Boy on July 21, 2019, 10:46:29 AM

US President Donald Trump Says He’s ‘Not a Fan’ of Bitcoin

you can read the article here : "https://www.coindesk.com/us-president-donald-trump-says-hes-not-a-fan-of-bitcoin"

so if Donald Trump has the power to ban Bitcoin, what happens to Bitcoin in the future? the price of Bitcoin will continue to fall and die or the price of Bitcoin will continue to grow and increase? let's give your opinion because I want to hear your response.

The price of bitcoin will have no effect even if the president of USA bans it. There may be temporary panic in the market but it will recover because the demand of bitcoin worldwide will never decrease ,rather it will increase with the passage of time.

I would suggest everyone not to panic from such statements and also Donald Trump will not take any such step to ban bitcoin in his country.

LoyceMobile

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If politicians could ban Bitcoin, they would have done it by now.
They can't ban it.

Handsome Boy

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I ❤ ₿itcoin and Ethereum

US President Donald Trump Says He’s ‘Not a Fan’ of Bitcoin

you can read the article here : "https://www.coindesk.com/us-president-donald-trump-says-hes-not-a-fan-of-bitcoin"

so if Donald Trump has the power to ban Bitcoin, what happens to Bitcoin in the future? the price of Bitcoin will continue to fall and die or the price of Bitcoin will continue to grow and increase? let's give your opinion because I want to hear your response.

Topic: What do you think about the price of Bitcoin if Donald Trump can ban Bitcoin ? - page 4. (Read 1037 times)