I dont want to thing about it. Bitcoin is something that was meant to be used without influence of bank and government so this will not happen that all exchanges go down for good. But maybe if this somehow happens think that in this point price would be so high that people will start to buy it in any possible way.
Still we have so many coin besides bitcoin but dont think that this will happen just do see point if everything goes dark in world of crypto.
Topic: What happens to BTC if all countries shut down exchange trading like China? (Read 812 times)
September 30, 2017, 06:01:48 AM
September 28, 2017, 07:27:07 PM
Bitcoin and cryptocurrency as whole will still work even withouth the exchanges. Here the vision of cryptocurrency will truly be proven, wherein peer to peer transaction will play a vital role. You wouldnt need exchanger to do your conversion if you wanted to, all you need to do is look for a person who will be willing to exchange your coins with fiat.
Totaly agree. This is the essence of Criptos. Decentralisaction and anonimous.
September 28, 2017, 07:16:27 PM
Bitcoin and cryptocurrency as whole will still work even withouth the exchanges. Here the vision of cryptocurrency will truly be proven, wherein peer to peer transaction will play a vital role. You wouldnt need exchanger to do your conversion if you wanted to, all you need to do is look for a person who will be willing to exchange your coins with fiat.
September 28, 2017, 06:42:20 PM
Maybe to zero?
Of course not. It would only move Bitcoin trades to the black markets, as happens with anything government considers illegal. September 27, 2017, 05:40:37 AM
Maybe to zero?
Bitcoin is still there, bitcoin's value is still there but it is already useless when all countries shut down echange trading. It will die because of No demand, high demand is important because it will make the price or value more higher. If people already stop using bitcoin it will surely die and it will become commonly useless to all people then the holders of bitcoin face big crisis in their economy. It will surely get them down because of this kind of trouble if bitcoin will be ban in all countries. September 27, 2017, 05:30:03 AM
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September 27, 2017, 05:25:06 AM
Bitcoin will die because there will be no demand for buying and selling bitcoin so there will be no people that will able to do transaction and the miners will just stop mining since there is no sense in mining bitcoin when there is no value because of the 0 amount of demand in the market and it will become the end of the era of cryptocurrencies.
September 27, 2017, 01:16:34 AM
I think that will be chaos. However, that's impossible to happen because Bitcoin is very well established globally. Maybe there are some countries that ban Bitcoin but we cannot conclude that this will bring down BTC completely. There are also Big whales, billionaires who are bitcoin investors. They are experienced investors that can do something about it.
September 27, 2017, 01:05:03 AM
First,we don't know whether all countries would uniformly decide such thing at the same time.But even if it happens,people would mostly move towards localbitcoins.com to sell their bitcoins for cash.Otherwise,people would start selling their bitcoins to persons individually just as raiblock coins XBR was bought and sold in between raiblock users until it got listed in exchanges.So,the bitcoin community is ready to face any situation.
September 27, 2017, 12:34:45 AM
Maybe to zero?
Of course not. It would only move Bitcoin trades to the black markets, as happens with anything government considers illegal. 
September 27, 2017, 12:21:27 AM
Maybe to zero?
This is very unlikely in any circumstances.
When the Chinese government bans exchanges, or even every single country in the world bans exchanges (which is not going to happen), then people are simply going to trade with other people without an exchange as a broker.
Or, they could use p2p sites such as localbitcoins, or even bisq. It will not affect how bitcoin is operated. It might have a negative influence on price, but that would be all.
September 26, 2017, 11:51:29 PM
The protocol would work as usual.
P2p transactions would be impossible to be stopped.
And the black market would still be open.
They can't stop the crime, how could they stop Bitcoin?
P2p transactions would be impossible to be stopped.
And the black market would still be open.
They can't stop the crime, how could they stop Bitcoin?
September 26, 2017, 11:46:26 PM
I think the price will drop quickly just like what happened in China. I am wondering If the government address the bitcoin is illegal. Will the bitcoin return to zero
September 26, 2017, 11:40:31 PM
I don't think all the countries would shutdown bitcoin exchanges at a time like this where bitcoin is getting recognized more and more. Even IF the countries shutdown all the exchanges we would still be able to send and receive coins and hence the transactions will keep on going and something would come up to rescue the bitcoin boat.
September 26, 2017, 11:35:07 PM
If all countries terminate the work of trade exchanges, as in China, which in fact can not happen, that is, there are other ways to exchange and trade in crypto currency. These are peer-to-peer exchange sites, and over-the-counter trading platforms and more. Now, additional technologies are also being created that allow you to trade directly, without different funds and platforms. So there are many options and in time they will only increase.
September 26, 2017, 04:46:49 AM
I guess no more speculative investment digital gold narrative then. Bitcoin would still be usefull in P2P transfers though - and no, you dont need to know Bitcoin dollar value from exchanges, for example with first ever trade of 10 000 Bitcoins for pizza, no Bitcoin dollar value from exchanges was ever known.
You have rightly said. I think first of all, this is more than impossible sort of thing and I don’t think so that it will even happen. In case if it happens, even then I must say that it will not affect that much on the market price and trade of Bitcoin. There will be still many of us who will be investing in Bitcoins at that time. 
September 16, 2017, 01:23:35 PM
If all countries shut down exchange trading like China, I am sorry to say not only BTC, but the whole crypto industry would be most likely wiped out.
i agree, but we can both agree it would be damned near impossible for something like this to actually happen. some govs would be incentivized to allow it, if just to soak up a huge financial market that the others are ignoring. but from a financial theory standpoint, liquidity would completely dry up, at least as we know it. a few things would happen, practically;
price would drop, but then rise as people that actually conduct business in btc remain
peer to peer exchange would become the norm, but there would still be dexs that folks would use, as well as "black market" exchanges.
people would actually spend bitcoin on goods and services, and not just purchase it to speculate. price would stabilize, and the volatility would go away after the initial shitshow, and
people would stop mining immediately; the network difficulty would plummet, and it would be profitable for a time for the little guy to mine (the big guys wouldnt stop mining unless the price becomes unfathomably low). this would cycle, like it always does, before we found the new 'level'.
September 16, 2017, 01:15:36 PM
If all countries shut down exchange trading like China, I am sorry to say not only BTC, but the whole crypto industry would be most likely wiped out.
September 14, 2017, 11:45:55 AM
Maybe I'm wrong about this, as I'm hearing (well reading) different things all over the place, but it's not a blanket ban, is it? And as far as the exchanges go, isn't it just a case of the exchanges having to make sure they comply with government regulations?
Feel free to point my in the right direction if I'm horribly off base here, there just seems like there's such a mix of information about at the moment.
Broker
Feel free to point my in the right direction if I'm horribly off base here, there just seems like there's such a mix of information about at the moment.
Broker
September 14, 2017, 11:42:08 AM
Does china have officially announced this? I don't think there is any official statement regarding shutdown of local trading platform, it might not be feasible and realistic decision. They might come up with tight rules and regulation for bitcoin trading platform but shutting down whole platform doesn't make any sense.
No I don't think any other government will follow this trend and I am still expecting this news to be just some fake rumor.
No I don't think any other government will follow this trend and I am still expecting this news to be just some fake rumor.
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