What happen if US ban cryptocurrencies? - page 2.

bryant.coleman

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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

LOL.. do you really think that the US treasury will run out of revenue of they ban cryptocurrency? You are talking about a country, which is having a defense budget of $600 billion per year. And this amount is almost 40 times the value of all Bitcoin mined in a year. The increase in M1 monetary supply for the US Dollar is manytimes the market cap of all the existing cryptocurrencies. If my calculations are correct, the hit to the treasury from any potential cryptocurrency ban would be <$1 billion, and this will be less than 0.1% of the annual federal budget.

cricketkhampion

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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

llecrf

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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.

Each country has a regulation, but still many countries accept cryptocurrency for investment and other things, list of Bitcoin recipient countries for example https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

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

sammy21

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Quote from: Sirait on July 12, 2021, 12:53:43 PM

the USA has a big influence on cryptocurrencies, of course, the price will drop drastically if banned on crypto is enforced there. but fortunately, so far that hasn't happened because the US definitely still sees great potential in cryptocurrencies.

The largest investor in the crypto space is still occupied by Germany as much as 14%, this number is twice as large as America which is only 7%, I think if the prohibition policy really happened in America, the effect would not be too big. considering there are still many investors in other countries.

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Quote from: Hannahanto on August 19, 2021, 05:55:14 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.

If the United States place a ban on crypto currencies it will definitely affect the crypto space cause of their high trading volume but I don't think the US will ever ban crypto cause so many companies in the US are making use of crypto as means of payment and purchasing power increases on daily basis.

at least crypto will never die even the strongest country USA banned this in their territory , and besides if they wanted this to happen surely they have done this long time ago so why now make this an issue.
i know that we are afraid of this to happen but we must be comfortable of what we are having now as the support is still there.

Quote from: lenovop-70 on August 19, 2021, 12:31:27 AM

If US do banned cryptocurrencies, it's not that scary actually, the series of things that will actually make a mess. As before, what US decisions regarding the economy will usually be followed by other countries, the domino effect of this we should be afraid of.

Lol if US did banned crypto then China and Russia will surely adopt this in regards to their war in some areas of economy .

Hannahanto

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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 United States place a ban on crypto currencies it will definitely affect the crypto space cause of their high trading volume but I don't think the US will ever ban crypto cause so many companies in the US are making use of crypto as means of payment and purchasing power increases on daily basis.

Luffygroove

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I think the US is clever enough not to ban cryptocurrencies and set a regulation instead of to it. Honestly, I'm tired of hearing or reading articles about countries banning crypto lol. If the US bans crypto, no doubt there will be a wave happen in the market. It'll impact the market, the traders' psychologically and who knows other countries also. However, just like how China bans crypto, we can endure it. As a community, we'll find a way and because it's decentralization, the community will always win. Blockchain is the future and no doubt about that.

Robinson66

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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.

The United States will not prohibit bits. Bitcoin helps the United States to reduce inflation. They will not set Bitcoin to statutory currencies.
They still want to use the US dollar as a sign of the US dollar.

lenovop-70

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If US do banned cryptocurrencies, it's not that scary actually, the series of things that will actually make a mess. As before, what US decisions regarding the economy will usually be followed by other countries, the domino effect of this we should be afraid of.

ven7net

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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 believe that if the US prohibits cryptocurrency, then this will greatly affect its price. It is likely that the prices of cryptocurrencies will fall very much and many investors will lose funds. At the moment, of course, this is unlikely, however, it is not necessary to exclude such an option, since we cannot know 100% what is happening in the minds of influential persons. In this regard, it is necessary to devote more time to studying information on the market in order to be ready in the event of such a situation.

wmaurik

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Quote from: Ruvi2000sew on August 16, 2021, 02:40:24 PM

Of course, there may be a crypto disaster, and other nations may prohibit crypto as well, but this is quite improbable because many corporations in the United States encourage the development of crypto.

Possibilities and predictions are always born when everyone starts talking, but we all have to investigate the facts on what happened on the ground, because if we only rely on news writing, I don't think it will be specific or on target, so let's investigate the evidence let me be more accurate for this.

fuguebtc

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Quote from: Renampun on July 01, 2021, 02:39:41 AM

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.

I think the opposite. If the US bans bitcoin, many countries will follow, like they did with Huawei. Because all other countries don't want to be enemies of US.That's almost the end of crypto. President Trump's tenure. He has replied to the journalist several times that he has no sympathy for bitcoin but he does not want to ban bitcoin.
But that's definitely never going to happen, US is a crypto-friendly country.

CaptainCrapper

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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 am sure it's not possible but if you see this news the whole market will be crass and it will affect the total economy. I am expecting in the near the future USA will lead the total market and day by day market will green and Bitcoin will touch $100,000 must just time of matter.

Insomnia family

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I think it's impossible if America bans cryptocurrencies. Regulations are already in place there and there are even many companies there that are adopting blockchain technology and even investing in crypto. but if the ban does happen, it will most likely have an impact on the crypto market as well as investors there, and people will eventually sell to get the value back.

wheelz1200

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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 mean I don't think at this point you want to do that. There is a ton of businesses building in crypto capability. You will ultimately drive innovation out of the country and it will go elsewhere. They want to be involved in crypto for sure. But if they ever did. It would be a massive short term hit.

Ruvi2000sew

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Of course, there may be a crypto disaster, and other nations may prohibit crypto as well, but this is quite improbable because many corporations in the United States encourage the development of crypto.

King Khaizan

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As a superpower, the United States (US) has a great influence on countries in the world. This also applies in economic terms.

Every economic policy taken by the US government, its influence is not only felt by the people of Uncle Sam's country, but also the whole world.

Regarding the crypto ban, I don't think this will happen, because there will be a lot of problems that the United States will face.

The United States government just wants to see that the presence of this cryptocurrency is not used for criminal acts, such as tax evasion and other criminal acts.

Rimueng

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Falling prices are sure to happen because it's a negative issue, but it's only temporary. Previously also many countries banned crypto and made the price go down, and after that the price increased more than before. I think it's only natural that America bans crypto, because their goal is to avoid money laundering by officials in their country

avarnet

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The US is very fast in the development of crypto technology, even some technology there exceeds the ability of the first countries to create crypto so it is large and it is impossible for the US state to close let alone stop the development of crypto technology there,,,,

taufik0911

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Quote from: GaxviiBuss on August 16, 2021, 12:24:06 AM

Sighs, though the US are the foundation for the success of cryptocurrency in the world as of now, if it was a ban, it will greatly impact the general crypto world at large; Nevertheless, theere is always a way out, Indian just approve cryptocurrency in their country, this can serve as a buffer to the effect if it was so. And many other more.

I think it's a big impact but it won't be prolonged or temporary like a few months ago when there was an issue that China banned bitcoin it had a big impact but only for a few months and currently bitcoin continues to increase in price
it even becomes a great opportunity for traders to buy at the lowest area

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