What If Bitcoin is banned? - page 21.

_Dawid_

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Truly, I have never heared that ultimate solution.

BTC is decentralized system, on whom nobody has an impact. And here we should end our conversation.
But if it happen, i would sell all of my coins. And then I would wait for changes in law when BTC will be again legal and but immediatly Cheesy

That is kinda nice prospect, but feasilbe.

4hajs

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Translation Service: English -> Polish

Bitcoin cannot be banned because it is decentralized. China tried to ban bitcoin and see what happened? They have regretted it after, people will always find a way to buy or sell bitcoin. Bitcoin cannot be stopped it has to be accepted

kleineaap

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There can't be bans on decentralized systems.

JL421

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It is a really bad thing to happen probably the worst one ever if that happens i will immediately sell my coins and I'm sure many will do that if bitcoin get's banned then holding any would be termed as illegal and i don't want to go to jail just for holding bitcoin it has given me enough profits i wouldn't mind selling it in a situation like this

Btcvilla

sr. member

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I am not surprised by the incident in the country of China.

and if in my country follow in china footsteps, i will not worry.
I do not think the government will only prohibit and block access about bitcoin, and even then if it happens.
many ways access openers have been blocked. so i relax and still enjoy bitcoin.

Cranidos

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Quote from: lady Royal on September 05, 2017, 04:52:08 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.

Banning will not stop a person in earning Bitcoin and using it. A person can always find a way to use it even though it is banned or not. Though I cannot use Bitcoin in my country if it gets banned here nor I cannot convert it to fiat since the government will not allow it, I will just store and hold unto my BTC. And I will constantly earn them wishing that in the future the ban will be lifted. Who knows what will the price be after then Roll Eyes

Lalafell

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Quote from: Inkdatar on September 05, 2017, 06:34:37 PM

I'm not thinking this would happen in the future as bitcoin is very useful for many. And other countries legalized bitcoin and this one of the source of income for many users. But let's say suddenly banned I think we cannot use it and we're having a difficulty to use or to convert btc into cash.

Well, if bitcoin was banned I think the price will go down so that many people will tend to sell their bitcoin than to hold it. If bitcoin was banned in other country I think it has negative effect in bitcoin community and if bitcoin will be banned I think you should convert it into fiat. However, I hope it would not happen.

Oaak

newbie

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It won't get completely banned, only more regulated

ropyu1978

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bitcoin has been banned in some countries, this has not stopped the pace of those who have embraced the crypto world.
the government can only prohibit, but not process the user.
so, do not be afraid

digitalgame4life

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Active forum member, A+ poster, PM good sign camp.

That is also where I thought of, many people say we will still use bitcoin after its banned and we will not stop using bitcoin, imagine using bitcoin is a big crime and the government is gonna punish you for it, who would still use it ? nobody wants to have problems, think about family, kids, children, its a shame governments and law can control everyone and saying everyone what to do, this is totally not a free world where everyone has the same rights and everyone is free of doing whatever he likes, if its about money and power nobody gives a damn about people, so sad.

Harrisonimo

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Quote from: lady Royal on September 05, 2017, 04:52:08 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.

That will be wow! A global loss! Well, I have seen that the currency itself has gained so much strength. Within a short time like a wild fire. The spread is viral too. If banned in my country, it isn't really limited as I will be earning in dollars or other country's currency! Well, if govt is being incorporated in area of taxation it can help curb the fear or its banning.

pitiflin

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Quote from: lady Royal on September 05, 2017, 04:52:08 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.

First of all bitcoin wont be banned by countries because they will have an indirect loss which they know very well. Even if it does then it depends on which country its banned and accordingly you will have to work it out.And then we will have to wait and watch and just hope that bitcoin doesnt get banned.

haroldtee

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Quote from: lady Royal on September 05, 2017, 04:52:08 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.

Banning of bitcoin cannot stop me from using it. Worst that could happen is there won't be any exchange operating in my country to enable me convert my bitcoin to fiat which I don't really see as a major issue. I can still keep storing in my wallet for value while I use vpn to do any transaction I want to do. Also, if I have enough to set me up, I can just decide to leave my country to at least a neighbouring country or any other country that accepts the usage of bitcoin.

Cindy1983

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It's normal cause there are some countries that is not allowed to use Bitcoin or have any actions related to bitcoin cause they think Bitcoin can harm to their financial and in these countries, people still live a normal life without bitcoin

) But if it happen to me, it'll be terrible cause all of my bitcoin will become useless Cry

wallstone

sr. member

Activity: 532

Merit: 250

Quote from: ccowl on September 05, 2017, 05:01:03 PM

I would still use it. Not sure how the government can really find out you are using bitcoin unless you walk around screaming about it. They could block the exchanges, but you can use proxy or VPN to go around it.

Actually, I will still use it because I believe to the great lf bitcoin. If bitcoin was banned in my I will probably tranfers to the country where was not banned because I know that it will help to achieve my goals like having a good future and many more. However, I'm sure that it would not banned.

dasana212

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If in my country bannedexistence of bitcoin, then i will not use it again, because i can not exchange to fiat as before. Meanwhile, bitcoin is the main source of income for me and my family. Maybe i will turn become forex trader.

salinizm

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Quote from: lady Royal on September 05, 2017, 05:45:20 PM

Quote from: aTriz on September 05, 2017, 05:24:32 PM

Quote from: lady Royal on September 05, 2017, 04:52:08 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.

Don't really think this is possible since there is just no point in banning Bitcoin. The countries that ban bitcoin would just be crippling themselves and their economy. Most countries would just tax Bitcoin instead of taxing it.

Actually, When government sees that people are earning and using bitcoins without paying tax some people in from the government will think that no money is coming to us, then they will try to ban bitcoin and may put tax on it.

I completely agree with you. When governments can tax bitcoin, All the governments will put bitcoin into a effect. It is pretty obvious that bitcoin will never be banned because governments can monetise bitcoin.

barhavsky

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if bitcoin is banned I think many people get into trouble because many people use bitcoin as a job to earn money.

ShadowBits

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Quote from: lady Royal on September 05, 2017, 04:52:08 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.

when you say banned in my country
it means i wont be able to do any access right?
its not that i dont want to use it but how if its not allowed. if it happens that would be very sad and dissappointing in my part Sad

no0dlepunk

sr. member

Activity: 490

Merit: 258

Quote from: lady Royal on September 05, 2017, 04:52:08 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.

Man, that is scary huh! I don't know what will I do if bitcoin is banned. Right now my job pays bitcoins; I don't have any fiat income and I really like how it works for me. If let's say bitcoin will be banned from here but not in Japan, I'll probably find a way to exchange it with Japanese Yen and then exchange it to my local fiat. But man, that is so hassle for me... it would be easier to just go back to Japan though.

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