What happen if US ban cryptocurrencies?

kevindjunaidi

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Quote from: SophiaZ on June 30, 2021, 09:46:45 PM

Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.

if one day US ban cryptocurrency, then of course it will have a huge impact on cryptocurrency, because some countries will join US to ban cryptocurrency, so that will make the price of cryptocurrency go down, but I think right now it is very difficult for US to ban cryptocurrency, because now US has started to pave the way for cryptocurrency, so the possibility for US to ban cryptocurrency is very small.

firmino10

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I think it is highly unlikely for the US to ban cryptocurrency. Because the US has the largest amount of cryptocurrency users in the world, so banning cryptocurrency would affect a lot of their citizens. And considering their economy is still recovering from the effect of the pandemic, then it is a suicidal move.

Kocret02

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Quote from: SophiaZ on June 30, 2021, 09:46:45 PM

Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.

price drops still occur, but I'm sure there will be a country that can be a big influence for crypto. I think if there is one country that really becomes the influence of crypto prices, it will recover even though it can't recover quickly and slowly

fadil46

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Quote from: ranaprime on August 21, 2021, 12:38:03 AM

Nothing will happen in crypto currency but price may go down for some times. In this world most of the countries are not allowed crypto but crypto is running smoothly in the world. Government can just restrict but not ban.

So far what has been seen in the cryptocurrency space is an increase in price not a decrease in price, so the ban will not happen even though the restrictions may occur for several reasons that can be inconsistent with state regulations, but in general cryptocurrencies will stay alive forever

wmaurik

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Quote from: llecrf on August 19, 2021, 10:25:23 AM

I believe all countries will accept crypto and they will make stable coins based on the currency of each country and Bitcoin will become legal once many countries want it, it's only a matter of time, as we know, the crypto market cap reaches $2 trillion and this is a huge amount

Totally agree with your statement, because now all countries are making analyzes for cryptocurrencies so it takes time to slowly resolve this, but I am very sure that it will be realized very definitely in the future

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Quote from: cricketkhampion on August 19, 2021, 12:00:19 PM

Mate it is not possible but the USA will ban crypto then the USA will face many problems. And it will also affect the economy so I think the USA will not ban crypto and USA also getting many profits from crypto then why they will ban. Grin

If you can still get profit through cryptocurrency, then yes there is no reason for the US to ban cryptocurrency in their area because there is no one in this world who refuses to profit, let alone the profits are very large.

brooksby

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Quote from: 777Jolami on August 22, 2021, 02:00:02 AM

I don't think the US doesn't have any reason to ban bitcoin. While they have invested in infrastructure like ATMs in most states, they have also opened their doors to some of the major bitcoin miners that moved in after the incident with China. They can bring bitcoin and crypto into the legal framework but will not ban bitcoin. They will accept bitcoin ETF sooner it's only a matter of time i guess

They do have reasons to ban it, that is out of the question. But do they have more reasons and better reasons to not ban it? The jury to that question is still out and it will a lot depend on congress members, whether they are pro crypto and themselves involved and how strong and profound there lobbyism activities are.

jack wira

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In my opinion, it is a necessity if the US will ban cryptocurrencies, because what I know they (the US) are countries that have the largest financial turnover through cryptocurrencies for income gains for companies there, more so those who have business ties to the country. they(as). And even if the US really prohibits crypto there, of course this will have a bad effect for stock investors in cryptocurrencies, because the price will fall, bro.

777Jolami

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I don't think the US doesn't have any reason to ban bitcoin. While they have invested in infrastructure like ATMs in most states, they have also opened their doors to some of the major bitcoin miners that moved in after the incident with China. They can bring bitcoin and crypto into the legal framework but will not ban bitcoin. They will accept bitcoin ETF sooner it's only a matter of time i guess

guydin

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Just today I listened to a lecture on macroeconomics and the lecturer said that the USA can't ban crypto as it is the future of their state debt. Euro-dollar system is in decline, China makes Bitcoin reserve currency. It is difficult to understand if you are not good at economics, moreover, I haven’t completely understood it yet, but the thing is that the USA is unlikely to ban crypro, so calm down.

Snappycoco

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Quote from: SophiaZ on June 30, 2021, 09:46:45 PM

Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.

It would really crash the market. I fear that day would come and all our investments would be gone in just an instant. However, I think there's just a limit up to where the effect would become. Nonetheless, US is historically proven to regulate things not ban it. So it's most likely not going to happen anytime soon.

harapan

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Quote from: SophiaZ on June 30, 2021, 09:46:45 PM

Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.

I'm not sure US will ban cryptocurrency, cause a major percentage of their citizens are fully invested in the crypto space, even their government don't have enough reasons to place a ban on cryptocurrency that's why they haven't done it, for now they are thinking of regulating crypto which is actually impossible since crypto is decentralized and can't be regulated by anyone, but if USA were to ban cryptocurrencies, it would be disastrous cause the price of bitcoin and the entire crypto market will dump badly, I just hope that day doesn't come.

bct-user

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I guess US won't ban crypto as long as it can bring advantage for their economic sector and for US citizen income. In fact, Bitcoin ATMs are mostly located in US, which means the government supports the development of crypto in that country. Moreover, the crypto business seems dominated by people from US right now. It indicates that crypto is already a part of an important business field in US.

Kayum10029

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Quote from: Kocret02 on August 21, 2021, 01:58:40 AM

Quote from: SophiaZ on June 30, 2021, 09:46:45 PM

Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.

price drops still occur, but I'm sure there will be a country that can be a big influence for crypto. I think if there is one country that really becomes the influence of crypto prices, it will recover even though it can't recover quickly and slowly

The USA occasionally makes announcements that they have declared cryptocurrency illegal. But in reality the US will never make such a decision because the role of the US in cryptocurrency is significant. If such a decision is taken suddenly in cryptocurrency, there will be a huge change in the market.

brooksby

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Quote from: wmaurik on August 21, 2021, 02:38:43 AM

Quote from: ?? on ??

Such a situation would be a great destruction for cryptocurrencies. and there will be huge losses in terms of price and confidence in this market ends. But I don't think the US will impose such a ban.

The US also wants to profit from this cryptocurrency, because I have also never come across a country that refuses money or the benefits they can get in various ways or other reasons, so this really doesn't need to be discussed at length, because the conclusion is very clear.

Don't underestimate Biden though. He is not quite the type who would welcome cryptocurrencies to be broadly used within his country. Anything that may undermine the USD power is bad for him politically. The advantages the US have are impressive only because the USD is the world reserve currency. The question will more be why he is still waiting. If Amazon and Walmart accept it, what is he going to do? Wait until that happens and then prohibit the companies from accepting it? If he did that publicly, the market will move down harshly I would expect. He probably places some shorts before that! Grin

Chathusand

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I believe the United States both supports and opposes Bitcoin. Supporting Bitcoin has a number of advantages, but it also raises concerns about its future development. Unable to maintain control. If the US decides to prohibit Bitcoin, the market will undoubtedly be extremely volatile, and it is possible that it will not survive.

wmaurik

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Quote from: ?? on ??

Such a situation would be a great destruction for cryptocurrencies. and there will be huge losses in terms of price and confidence in this market ends. But I don't think the US will impose such a ban.

The US also wants to profit from this cryptocurrency, because I have also never come across a country that refuses money or the benefits they can get in various ways or other reasons, so this really doesn't need to be discussed at length, because the conclusion is very clear.

ranaprime

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Nothing will happen in crypto currency but price may go down for some times. In this world most of the countries are not allowed crypto but crypto is running smoothly in the world. Government can just restrict but not ban.

Handsome Boy

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Quote from: SophiaZ on June 30, 2021, 09:46:45 PM

Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.

if USA ban cryptocurrency, then of course cryptocurrency investors will decrease, because as we know if one of the largest cryptocurrency investors is USA, then of course it will make the price of cryptocurrency will go down, besides that the market cap and volume of cryptocurrency will also go down, so that not very good for the future growth of cryptocurrency if USA ban cryptocurrency.

iTradeChips

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Well for one we don't want the US doing that because it will endanger those corporations and monied individuals that has vested interest in having Bitcoin and crypto in general being accepted in the industry and the markets. Many billionaires have investments in cryptocurrency (I think) and definitely the ones in the tech industry have substantial amounts of Bitcoin invested. If the ban does happen then there might be a ripple effect as other western powers might emulate what the US did in banning Bitcoin. And that will drive prices further down. But as with previous crashes, Bitcoin and crypto will survive.

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