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Topic: What If Bitcoin is banned? - page 19. (Read 11380 times)

newbie
Activity: 27
Merit: 0
September 08, 2017, 07:19:43 AM
I don't see bitcoin getting banned. There is no reason to. But if it will get banned i don't see a problem,
because you will probably still have the money back.
full member
Activity: 896
Merit: 104
The Standard Protocol - Solving Inflation
September 08, 2017, 07:14:04 AM
If bitcoin is eventually banned and banned successfully, because some countries have banned it and they couldn't but continue to regulate it, then they are not  successful with it. If that is the case I guess the gateway to bitcoin would have been shut which will make it impracticable to find a way through and in that case, I don't see any alternative than to stop its use.
sr. member
Activity: 317
Merit: 251
September 08, 2017, 07:07:05 AM
What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.
In my own opinion, if my bitcoin banned in my country i simply cannot use bitcoin anymore because maybe our government closed all bitcoin sites. But i still store all of my bitcoins in my wallet because i know for myself that one day all countries in the world will declare bitcoin as a legal currency.
legendary
Activity: 3038
Merit: 1169
September 08, 2017, 06:55:36 AM
maybe Bitcoin price will drop dramatically, and maybe Bitcoin will be disappeared. digital currency will die.

OP did not say bitcoin will be ban in the whole world he said if it's going to be ban in your country and a what if question, bitcoin currency will not die will will continue to exist even if it is ban in a certain country I think it can not be gone because even thought bitcoin is ban in that particular country you can still earn it and convert it to fiat money.
legendary
Activity: 1163
Merit: 1005
September 08, 2017, 06:43:51 AM
maybe Bitcoin price will drop dramatically, and maybe Bitcoin will be disappeared. digital currency will die.
member
Activity: 112
Merit: 10
September 08, 2017, 06:40:27 AM
What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

It will depend on how does the Government banned Bitcoins.  If the Government bans every related Bitcoin website, Wallets and etc. Then I have no choice but to accept the fact that I can't engage in dealing with Bitcoin and other Cryptocurrency. Though, If VPN and any other IP Proxy sites are still up then I would probably use it to engage in the Crypto world. If I'd still access those websites using VPNs then I can still be able to exchange with the normal process and procedures and not having any problems.

Sure! I will still use it. So far it accepted worldwide, finding buyers won't be a problem. It will becoming an international exchange. All I have to do is to pe protected by an Escrow to avoid fraud.


I didn't get your point, You answer that you will still use it but I don't get the reason behind it. So far BITCOIN IS NOT LEGALLY ACCEPTED WORLDWIDE there are only selected countries that accept Bitcoin legally.
full member
Activity: 392
Merit: 101
dApps Development Automation Platform
September 08, 2017, 06:20:14 AM
If bitcoin will be banned, it doesn't necessarily mean we can no longer profit from it. Although, this is quite impossible since it will be a big loss for both the investors and the government itself since they will also have to spend money to be able to ensure that nobody will be using bitcoin in the said country. They still have to set some security measures.
full member
Activity: 966
Merit: 153
September 08, 2017, 06:18:52 AM
Sure! I will still use it. So far it accepted worldwide, finding buyers won't be a problem. It will becoming an international exchange. All I have to do is to pe protected by an Escrow to avoid fraud.
full member
Activity: 290
Merit: 100
September 08, 2017, 06:13:33 AM
What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

Can any government be able to ban Bitcoin completely? Do you know what P2P network and how strong it is?

Please google "Bitcoin satellite" Smiley
Well they can't ban bitcoin rather they will restrict your access into it for example is IP ban for almost all the bitcoin related sites. It will be hard to exchange it into fiat money so you will have to use VPN and trade your bitcoin to other people and transfer money into your bank account or any money transfer ways which is way riskier to transact to. 
hero member
Activity: 1319
Merit: 593
In #Bitcoin me trust
September 08, 2017, 06:06:11 AM
What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

Can any government be able to ban Bitcoin completely? Do you know what P2P network and how strong it is?

Please google "Bitcoin satellite" Smiley
newbie
Activity: 5
Merit: 0
September 08, 2017, 06:02:08 AM
If bitcoin will be banned permanently, it will be a big waste of money for those who invest a huge amount of money and haven't earned or received their part. Also, for those who recently started investing. Because they just invested money for nothing. However, if bitcoin is banned iguess some people will make a way to convert their remaining bitcoins to real money or another type of internet money. This gives those people some advantage cause somehow they can refund or return the money that they had invest.
full member
Activity: 392
Merit: 137
September 08, 2017, 05:44:41 AM
Don't understand why people have this slave mentality. What does the government prohibit? And that is not you are the source of power in the country? The government needs only to implement what is required of them by the people.
sr. member
Activity: 378
Merit: 251
September 08, 2017, 05:31:41 AM
If that happens, it will definitely drive the price up of coins for that particular country. Something inaccessible or illegal will always carry a higher price tag than it's legal counterparts. People who partake in that particular thing or activity, will gladly pay whatever price so that they can get their hands on it. Look at marijuana for example. Before it was legal, you'd be paying at least $20.00 for a couple of good purple kush buds. Now that it is legalized, you can hop on to a dispensary and get that same bud for half the price.
legendary
Activity: 1582
Merit: 1059
September 08, 2017, 04:50:38 AM
What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.

I'm not sure, but I guess I would still use it. There are no exchanges in my country, I use the normal ones, like poloniex for example, so unless they ban that as well I would still use it. Even if they ban the access to those exchanges, maybe I could still do it with a proxy or something like that. Anyway, I really don't think bitcoin will be banned from my country, and if it is, I'm sure it will be banned from every other country in the European Union, and if it happens there, it will also probably happen in the US etc, so it would be worldwide, and I really don't think that will happen.

They will probably create laws to regulate the use of BTC, but I don't think they will ever ban it.
full member
Activity: 275
Merit: 104
September 08, 2017, 04:40:02 AM
I don't think they can detect me using bitcoin or earning bitcoin. On the first place, bitcoin is used for transactions but your identity is hidden. They would not know if you are using bitcoin. But if they can still detect it, then I must hide my IP address.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
September 08, 2017, 03:52:07 AM
people which have bitcoin will search another way to connect and used bitcoin because they still want to make money in their time and i am sure that they will found that way. its all about internet connection and as long as government is not banned internet connection then i am sure people will solve the problem so they can still use bitcoin.
sr. member
Activity: 493
Merit: 250
IDENA.IO - Proof-Of-Person Blockchain
September 07, 2017, 09:22:39 PM
If my country banned bitcoin it wouldn't really affect me because i don't use it as a form of payment, as i suspect it is the same with most people. I will continue to hold it as a store of value.
do you wonder how to cash out bitcoin to your cash money ?
sr. member
Activity: 493
Merit: 250
IDENA.IO - Proof-Of-Person Blockchain
September 07, 2017, 09:21:57 PM
What If Bitcoin is banned in your country will you still use it?

If you use it how will you? How will you exchange it and how will you completely use it as you do before.
interesting question Cheesy I will use a vps to control or my bitcoin. My bitcoin wallet on hdd will be encrypt so police can find anything about bitcoin on my computer. And I will use bitcoin to purchase thing from internet and ship to my country. then sell it.
member
Activity: 88
Merit: 10
September 07, 2017, 09:21:27 PM
If my country banned bitcoin it wouldn't really affect me because i don't use it as a form of payment, as i suspect it is the same with most people. I will continue to hold it as a store of value.
full member
Activity: 952
Merit: 108
1xBit recovered their reputation
September 07, 2017, 09:15:09 PM

The world is digital now, Developing countries are desperate to be digital.
So, without Digital Currency how can we say that we are modern & digital!
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