What happen if US ban cryptocurrencies? - page 15.

Lee_Mire

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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 the US was the "ban" cryptocurrencies then it is very likely that would be the end of crypto or the beginning of the end at the very least. The US is the largest economy in the world and by far the most influential country. If they ban crypto then it is likely the whole world will ban it as more and more countries follow the US. I know there are lot of people on here who say "Bitcoin doesn't need the US" or something similar. But sometimes you have to be realistic. If the US banned bitcoin it would be catastrophic.

bhadz

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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?

There will be a crash and that's for sure and that's not already a huge surprise because we're all used to it. But aren't you aware that the USA is already putting some restrictions on exchanges and that's why Binance made a separate platform for their USA users?

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

think it's not totally impossible and that would be a global crash on prices.

It is possible but don't you give yourself something to worry about.

GreatArkansas

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Just think of this, if they have planned all banning cryptocurrency, Bitcoin already here since 2010, more than 10 years, why they still don't ban it can't ban it? Very impossible. It's far from possible for now, as time goes by and without strong aw against cryptocurrency, cryptocurrency will stay.
They will just more become strict on "some" cryptocurrency, always remember that most of cryptocurrencies (altcoins) out there are shitcoins or scams!

criket

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Quote from: hichamito37 on July 01, 2021, 01:27:19 AM

If they ban bitcoin,will be a shock to the whole market. The United States is a country with influence in all aspects of the world.the US actually banned bitcoin. I think there would be a lot of their allies, other countries would ban bitcoin too. lLike they did with huawai ,tiktok

looks like it's going to be big news. After China and Mexico, now it's the USA's turn which is thought to be banning crypto.
Previously, the previous president of the USA had also done news related to crypto and bitcoin. the impact is quite large. and if that happens. will probably be greater than the impact caused by China.

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Quote from: Dr.Osh on July 01, 2021, 01:03:47 AM

if the USA bans crypto, especially bitcoin, I think we will see a very drastic price change for bitcoin. although I feel that it will not push the bitcoin price to zero, but I think if the USA starts banning crypto, then other countries might follow suit. Well, I hope that doesn't happen.

I don't think other countries will follow the US if they banned cryptocurrency...

currently, each country already has control over their country so that other countries are difficult to influence. when trump became president he had several times expressed opposition to cryptocurrencies but had little effect.

lablab03

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As usual it will have an impact in the market especially if those weak hands going crazy again to sell off, because for sure there will be a big changes as they're the one who make the situation worse.. Infact i never see the market become not affected because of fomo, so don't expect a good situation once there's a bad news like banning from other countries.. Be aware if you want to protect your money..

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Quote from: smartaction on July 01, 2021, 02:05:21 AM

But since the USA is a developed country, banning BTC there would have a big detrimental effect on cryptocurrency.

Banning crypto or not has nothing to do with whether a country is developed, underdeveloped or developing. It has to do with the mindset and perception of what the country's leadership thinks crypto is. China is a developed country yet it has had this running battle with crypto, banning it.

As for the US, there are trading sites and exchanges that don't allow citizens of the US. And if eventually the US bans cryptocurrency I don't think it will kill the industry. It can only be a week effect at most and the industry shakes it off. Aren't we shaking off China's ban already?

smartaction

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I don't think that will ever happen. But since the USA is a developed country, banning BTC there would have a big detrimental effect on cryptocurrency.

hichamito37

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If they ban bitcoin,will be a shock to the whole market. The United States is a country with influence in all aspects of the world.the US actually banned bitcoin. I think there would be a lot of their allies, other countries would ban bitcoin too. lLike they did with huawai ,tiktok

Hovarda

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I don't think the US will put a ban on crypto. I don't see any reason to ban them. They can easily manipulate the market when they want anyway. And they can make a lot of changes without banning them.

Dr.Osh

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if the USA bans crypto, especially bitcoin, I think we will see a very drastic price change for bitcoin. although I feel that it will not push the bitcoin price to zero, but I think if the USA starts banning crypto, then other countries might follow suit. Well, I hope that doesn't happen.

aioc

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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.

Thye have big issues to confront to focus on Cryptocurrency, they can ban it but I don't think that would stop the growth of Cryptocurrency, and besides the US is also benefited from Cryptocurrency, it create businesses and companies that revolves around Cryptocurrency that is based in the US, they can levy big taxes but I don't think they will ban it.

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Quote from: electronicash on July 01, 2021, 12:06:23 AM

there is nowhere else to go for investors. the real estate is surging, it bubbled so big already and they are afraid. the dollar is shrinking, gold is of no importance because they now knew, it could be taken from them as Micheal Saylor said.

banning cryptocurrency will be a loss for a country whose doing it. if they ban bitcoin, it probably will be just temporary until they figure some laws.

Yes I agree, If it will happen then crypto currency will be a loss for the country who are doing it. Banning crypto currency maybe hard for some people who are just depending their income in this. But, I know Us will never ever ban crypto currencies since it is the most crypto friendly nation. US have a strict rules and regulation if it talks about cryptocurrencies but doesn't mean that they will ban it. US might be ban Facebook, Twitter or other social media sites but I guess they wont ban bitcoin because it really give a big help to their nation.

electronicash

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there is nowhere else to go for investors. the real estate is surging, it bubbled so big already and they are afraid. the dollar is shrinking, gold is of no importance because they now knew, it could be taken from them as Micheal Saylor said.

banning cryptocurrency will be a loss for a country whose doing it. if they ban bitcoin, it probably will be just temporary until they figure some laws.

OcTradism

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Quote from: Dave1 on June 30, 2021, 11:26:32 PM

I don't think that the US will ban crypto, but for the sake of your argument, I think it will have a drastic impact on the market, we might see the price crashing because of this news. However, no country is bigger than bitcoin or the rest of the crypto. We might suffer a crash, but definitely it will grow again given sometime. We have seen how crypto's resiliency is, so no doubt that we can bounce back but it might take time, or until everything settles down after the ban.

The US is the most crypto friendly nations. They have strict laws for cryptocurrency but it does not mean they banned or will ban cryptocurrency. What we need actually is laws, regulations to prevent scam, ponzi schemes and bring cryptocurrency to mainstream.

Base on the fact, many crypto companies, exchanges, marketplaces, merchants are originated from the US, they will not suddenly ban cryptocurrency in the nation. It is impossible and unrealistic.

Big tech companies in the US already accepted or began to invest in cryptocurrency or expand their companies to blockchain. If the US won't ban Facebook, Twitter, Amazon, Microsoft, they won't ban cryptocurrency.

TastyChillySauce00

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So many crypto based companies in there from the large ones to the smaller ones so the chance maybe is rather slim but if they do the effect will be devastating, large portion of market cap or btc holders coming from the US and if that happens that means
we gonna lost those capitals making the market have less liquidity and probably getting dumped hard as well since there gonna be major sell off. but definitely not gonna put cryptocurrency to death, it will still exist and have value.

bocyaj

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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 will affected the world economy a lot.They allowed the bitcoin and because of them the bitcoin sustain in the market. It may be the another weapons to smass the economy of other country. Because most of the developed country people had holding their money in bitcoin.

Dave1

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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 don't think that the US will ban crypto, but for the sake of your argument, I think it will have a drastic impact on the market, we might see the price crashing because of this news. However, no country is bigger than bitcoin or the rest of the crypto. We might suffer a crash, but definitely it will grow again given sometime. We have seen how crypto's resiliency is, so no doubt that we can bounce back but it might take time, or until everything settles down after the ban.

SophiaZ

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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.

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