Topic: What if all the governments of the country united to strictly prohibit the exist - page 2. (Read 745 times)
June 02, 2018, 03:36:21 AM
If all countries will totally banned bitcoin before it will be implemented ill make sure I sold all my btc.But it doesnt happened that easily totally banning bitcoin in all countries because in every country they have different perception in bitcoin.
June 02, 2018, 01:27:35 AM
It’s as simple as - they can’t do that. Sure they can put “frames” around it but they can’t prohibit it all together.
The frames are more like the regulation and policies gradually coming up and I totally believe that with the way things have been for a while now, and looking at the approach of individual country with respect to its acceptance, it is something that cannot work out for every single country to go against the development and growth of the cryptocurrency space. There is a lot of benefit to gain from it, and while some are busy looking at how to halt it, some are busy looking at ways they can benefit from it. 
May 29, 2018, 10:56:53 PM
There are less chances for governments to come united to make it happen as we see cold war between countries. There is a heavy competition in growing each countries wealth and they find roots to grow more. As crypto would certainly benefit the countries in their economy growth and they do realize this, there is a less chances for completely denying bitcoin. What they started doing is, as they found crypto to be strong, they themselves started creating their own crypto coins if you look at.
There may be a united nations organization but still countries are still in competition to grow their wealth and improve their countries economic condition. Some countries are already moving forward in adopting cryptocurrencies and some are still in denial because they do not want to disrupt their financial system but when the time comes when other countries are already adopting it, they would eventually adopt it too. There is a higher possibility for the countries to be united in using cryptocurrency or blockchain technology than to unite to prohibit it given that they just cannot stop it unless they turn off the internet which is not possible.
May 29, 2018, 08:12:05 PM
Bitcoin will never be banned universally maybe in some area of this world bitcoins existence will be banned but not all country and if ever this is possibly happen this is very sad because we can never make an easy profit by using altcoins but i think if this are mightily occur the country government will have an early warning before they're ban bitcoin in their countries so better to sell our assets.
Never say never, the probability that bitcoin is going to be banned all over the world is not very high but the possibility is there, there are some very powerful countries like China that do not like bitcoin at all, and it is possible that the United States probably agree with the stance of China and if both countries were to unite their diplomatic strength they could convince most countries around the world to ban bitcoin. May 26, 2018, 02:20:01 AM
If a global ban should happen, and i pray to God it won't, then i hope i sold all my holdings before that happens. I'm pretty sure there will be news and protests that will happen before a globan ban. But then again, alot of moey will be lost so it couldn't happen. Maybe stricter regulations and taxes will be applied.
This is not possible. Looks like a sheer hypothetical situation. The technology has a great value and importance for some countries like European and others but is redundant in other countries like Middle East. The countries using the technology are getting the benefits and great services the technology offers. Besides, it has created huge employment opportunities and people who were a burden on the state years ago are no earning their own money in the crypto currency. May 25, 2018, 06:26:31 PM
Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.
Indeed, if these things happens, it will pave the way for a new century, a significant breakthrough in advanced technology and also give all users a big chance to use digital currency and take any transaction country to country easily. However, it’s not easy to occur. With the latest situation, we all know that most of governments impose a ban in using cryptocurrency strictly, especially bitcoin. They don’t care what bitcoin can bring to this life, only do they know that is trying to reject it. Fiat, moreover, probably is supported more than digital currency. The members of crypo community seems be fewer than the ones who don’t know crypto. if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.
May 25, 2018, 05:41:37 PM
Before such a scenario (which is possible in the future), the whole world economic system will be revised. Now the global economy is jazzy centralized and tied to the dollar. in the conditions of such a system only the continuation of the crisis is possible
May 25, 2018, 04:43:12 PM
Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.
There are less chances for governments to come united to make it happen as we see cold war between countries. There is a heavy competition in growing each countries wealth and they find roots to grow more. As crypto would certainly benefit the countries in their economy growth and they do realize this, there is a less chances for completely denying bitcoin. What they started doing is, as they found crypto to be strong, they themselves started creating their own crypto coins if you look at.
May 25, 2018, 04:16:10 PM
Bitcoin will never be banned universally maybe in some area of this world bitcoins existence will be banned but not all country and if ever this is possibly happen this is very sad because we can never make an easy profit by using altcoins but i think if this are mightily occur the country government will have an early warning before they're ban bitcoin in their countries so better to sell our assets.
Never say never, the probability that bitcoin is going to be banned all over the world is not very high but the possibility is there, there are some very powerful countries like China that do not like bitcoin at all, and it is possible that the United States probably agree with the stance of China and if both countries were to unite their diplomatic strength they could convince most countries around the world to ban bitcoin. May 25, 2018, 04:03:10 PM
Bitcoin will never be banned universally maybe in some area of this world bitcoins existence will be banned but not all country and if ever this is possibly happen this is very sad because we can never make an easy profit by using altcoins but i think if this are mightily occur the country government will have an early warning before they're ban bitcoin in their countries so better to sell our assets.
Never say never, the probability that bitcoin is going to be banned all over the world is not very high but the possibility is there, there are some very powerful countries like China that do not like bitcoin at all, and it is possible that the United States probably agree with the stance of China and if both countries were to unite their diplomatic strength they could convince most countries around the world to ban bitcoin.
May 25, 2018, 03:32:28 PM
if i have a lot of bitcoin and chances are it will happen i will panic and sad because where to go sell bitcoin ...
There's no problem after all but panicking is not the right thing to do because in this way you might not even get the chance to earn a huge amount of profit if you will recklessly react to the price drop.
May 25, 2018, 03:27:56 PM
Countries can no longer unite to prohibit the crypto currency. Too many states have recognized it as a means of payment or as property and many are going to do it. Therefore, a joint decision to ban crypto currency is no longer possible. Crypto currency, and in particular bitcoin, has already been used by many people as an international means of payment. As for the states, the situation here is more complicated. Their deals are prepared long and in advance. Therefore, high volatility of the crypto currency will harm such transactions. However, let's see what will happen in practice. Perhaps, various forms of calculations will be combined or something new will be invented.
May 23, 2018, 12:44:32 PM
Bitcoin is digital currency and it greatly affect the economy. That’s why it is not easy task for the government to close bitcoin network with an agreement. Only they could reduce the usage by closing bitcoin website.
May 25, 2018, 03:14:03 PM
Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.
Banning bitcoins is a bad idea for the govenrments, i know that cryptocurrency is a threat to banks but it is also the reason why most of the people are preferring to invest on bitcoins more than placing their money on the bank because the scale of increase is very low.
May 25, 2018, 03:08:32 PM
Perhaps one day with the current bitcoin advances, bitcoin digital currencies will be an international currency for all countries, and make it easier for every human to make transactions between countries when going to another country.
if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.
The problem when that happens will be the same problem that they have right now, how are they going to do it? It is very easy to talk about dismantling the bitcoin network, but the difficult part is to actually do it, with so many nodes around the world they will have to destroy every single one of them in a single stroke and if they don't then they will leave open the possibility of more nodes emerging, and if bitcoin becomes as strong as you are implying people are going to oppose such measures, not only people like us but really powerful people that have invested in cryptocurrencies. if it happens in the future it will certainly affect the paper money that exists around the world, whereas we know when the banknotes have a lot of history and symbolize the diversity of a country with other countries.
if that happens, surely the government will not remain silent on the matter, there will be an agreement between state governments to immediately close the bitcoin network to the world.
what will you do if you have a lot of bitcoin.
May 25, 2018, 12:49:15 PM
Bitcoin will never be banned universally maybe in some area of this world bitcoins existence will be banned but not all country and if ever this is possibly happen this is very sad because we can never make an easy profit by using altcoins but i think if this are mightily occur the country government will have an early warning before they're ban bitcoin in their countries so better to sell our assets.
Never say never, the probability that bitcoin is going to be banned all over the world is not very high but the possibility is there, there are some very powerful countries like China that do not like bitcoin at all, and it is possible that the United States probably agree with the stance of China and if both countries were to unite their diplomatic strength they could convince most countries around the world to ban bitcoin. May 24, 2018, 04:27:23 AM
I think government will accept bitcoin in the end. Government can not prohibit technology development and what government can do is put taxes on bitcoin transaction. Bitcoin have limited supply and i think its not effecting on money circulation because bitcoin will become investment asset
May 24, 2018, 04:08:46 AM
Bitcoin has a large enough community, I think it's very difficult to drop the bitcoin and make bitcoin no value at all. You do not panic, I'm sure bitcoin will still exist. The government in my country also forbids bitcoin, but I can still use bitcoin as an exchange rate.
Yeah, the community is pretty huge and looking at the nature of how decentralization has come into play, I want to believe this is something the government itself knows cannot be controlled except for the conversion or usage of fiat to crypto that can be monitored through exchanges.It is going to be a pretty hard thing to expect that would come into fruition as the whole government all over the world have their own different way of doing things, and while some can impose some rules, some may not, except to find a way to accept and regulate it.
Firstly, let's even take a look at countries like Japan, Australia, Malta and so on that are embracing the ideology and letting the space grow with some little bit of regulation. There will always be countries who will be able to see the future more than the others, and that is absolutely one thing that will make it impossible for every one of them to think alike to want to discard this option totally and not embrace it to the core looking at the real life cases and benefit the country is deriving from it already.
May 23, 2018, 05:37:29 AM
This would be a bad day for us all, even if I believe, that we will find a way to conyinue out work...maybe in darknet somewhere)
May 23, 2018, 05:34:08 AM
i think the truth is kind of imposible after all, if all goverment are united to make such move like that they will going undercover doing that, and after all people can win if the majority of people are support bitcoin and united against it
Jump to: