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Topic: What If Bitcoin is banned? - page 4. (Read 11380 times)

hero member
Activity: 900
Merit: 500
September 20, 2017, 02:36:37 PM
I will still use it. let's just look at the current situation as an example, bitcoin is almost said to continue to decline to the lowest point, but what happens, bitcoin even back up. in other words bitcoin will remain strong even if a country does a ban on bitcoins.
full member
Activity: 364
Merit: 101
September 20, 2017, 02:28:54 PM
To my understanding, you have to ban internet connection to stop bitcoin users. I would use VPN, or other means to bypass firewalls.
If the questioning is about China, please remember that it is a communist country. They can even ban the air exchange so let them rot in anaerobic digestion. I say this because once my country was communist regime and still after 25 years of change we have not yet recovered mentally from that epoch.
hero member
Activity: 3052
Merit: 651
September 20, 2017, 02:27:48 PM
I will stop using bitcoin if my goverment banned it. There's no point anymore to hold it since we can't convert it to our local currency directly. And the most part and the important thing is, using bitcoin while our goverment banned it, will against the law and we can get a big problem because of it.

The hard part is if they make it illegal after the banning and you are right with that. There will be no more usage for it. Or we could maybe go to another country and just withdraw it then go back to your own place.
Or maybe Japan would be the best place and just spend it for the first time in my life at a physical store.  Grin
sr. member
Activity: 322
Merit: 250
September 20, 2017, 02:10:08 PM
Don't really know what will happen if Bitcoin is banned in my country. In my country, Bitcoin is not legalized but it's still not banned so I still can easily exchange it into cash, but if Bitcoin is banned in my country, maybe I'll have to go to jail if I use it or try to exchange it into cash Smiley). As I know, there are some countries that if you try to use or exchange Bitcoin, it's guilty
legendary
Activity: 1904
Merit: 1000
September 20, 2017, 02:02:58 PM
I will stop using bitcoin if my goverment banned it. There's no point anymore to hold it since we can't convert it to our local currency directly. And the most part and the important thing is, using bitcoin while our goverment banned it, will against the law and we can get a big problem because of it.
full member
Activity: 177
Merit: 100
StableDex | Decentralized, Secure & Cost Effective
September 20, 2017, 01:39:46 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.
If bitcoin is banned in my country, I still use bitcoin. All bitcoin activities are done on the internet. So my use of bitcoin is very difficult to manage. At present, the government has not managed bitcoin. But I believe the government will not ban the use of bitcoin. If bitcoin is banned it will severely affect the economy
I agree with you, will not the goverment ban bitcoin. but the government will probably 'play' the bitcoin price. for example, buy bitcoin in large amounts so that bitcoin prices decrease
full member
Activity: 209
Merit: 100
September 20, 2017, 09:04:07 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.
If bitcoin is banned in my country, I still use bitcoin. All bitcoin activities are done on the internet. So my use of bitcoin is very difficult to manage. At present, the government has not managed bitcoin. But I believe the government will not ban the use of bitcoin. If bitcoin is banned it will severely affect the economy
sr. member
Activity: 1246
Merit: 255
September 20, 2017, 08:57:04 AM
if bitcoin is banned in my country, I will use bitcoin no matter how banned, if only bitcoin ban itself and refuses to function in my country again.
newbie
Activity: 29
Merit: 0
September 20, 2017, 08:56:06 AM
I think banning of bitcoin is very hard.because bitcoin is indemand now.too many people using bitcoin and it depends to people how to manage use bitcoin.
sr. member
Activity: 260
Merit: 250
snack of all trades
September 20, 2017, 08:52:48 AM
ya but I will need carefully than before. Use vps to save wallet or use online exchange and use vpn to protect data from ips
full member
Activity: 378
Merit: 100
September 20, 2017, 08:50:49 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.
Until now for my country bitcoin still legal, bitcoin still not recognized in my country. not recognized in my country but I can still use bitcoin to transact or exchange it into cash.
full member
Activity: 420
Merit: 119
September 20, 2017, 08:42:18 AM
Well even thought the bitcoin is banned on your country, you can still use bitcoin for transaction outside your country. like for example buying stuff abroad.
but of course that is the only purpose of that. because you cant cash out it on your own country.
full member
Activity: 476
Merit: 102
September 20, 2017, 08:33:57 AM
If bitcoin ban in my country i think bitcoin will used in alternative transaction in other country since the bitcoin value is equivalent to USD it can used in exchange forex and degital transaction. But my country prohibited the used of bitcoin it is useless and wait for proper time to re-accept bitcoin in my country.
sr. member
Activity: 2030
Merit: 323
September 20, 2017, 07:50:41 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.


regarding the prohibition of bitcoin in a country, is the absolute authority of the state to decide the decision. but if some friends have already been involved with crypto. there are many ways to access a site that has been blocked. which I know the state forbids and illegally does not mean we can not access and are subject to legal sanctions. so far the legal issue about btc does not exist. that's what I know.
That is right. Bitcoins can be banned by one state but that does not imply its illegalization worldwide. However, if something like this happens in my country, I will just make sure nobody can track my moves or else I will be in great danger. I don't want agencies chasing me all around the country.
full member
Activity: 248
Merit: 100
September 20, 2017, 07:09:15 AM
I'm not sure if bitcoin will be banned. bitcoin will continue to exist and be used by everyone in the future  Smiley
full member
Activity: 532
Merit: 100
September 20, 2017, 06:34:02 AM
Bitcoin was so very useful and gave us profit so when bitcoin be banned, i think many of us will be lonely because of the things that we can get from it. And other coin for sure will decrease the value.. But i think it will not happen in many country.
legendary
Activity: 1400
Merit: 1001
Undeads.com - P2E Runner Game
September 20, 2017, 05:55:50 AM
I think just because the government bans Bitcoin, doesn’t mean the government can stop its use, government will not be able to stop Bitcoin, because we still able to use VPN, well maybe its users will decrease but will raise further the name of Bitcoin. Underground movement will be more,
And people will still do every prohibited things, right?
hero member
Activity: 882
Merit: 500
September 20, 2017, 05:53:57 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.
Currently the condition about the cryptocurrency market in my country is better because the government seems that will not ban it , so here 99% chances of no ban like things we will see .
Here if it will happen then i Don't think that i will be able to use it more because if I will use then that will be against the laws of the government .
But here i have already bitcoin in bulk amount in my wallet so after ban i will sell it for money because i made all the earnings with my hardwork .
In my country i know a place where i can sell in the offline Market at small low rate but after the complete sell of my btc , i will never use it until the government unban it .
Well here we should not be negative and use it for descent amount of the earnings .
full member
Activity: 294
Merit: 107
September 19, 2017, 01:39:47 PM
Very unlikely, and even if it was banned by a country it wouldn't spark a domino effect. Bitcoin is useful for a lot of people and banning it would cut a country from a very promising market. If Bitcoin becomes even bigger of a market in the future then a country banning it would be cut off from very spicy profits and if it decided to legalize it afterwards then it would get a very late start in producing income.
sr. member
Activity: 854
Merit: 281
September 19, 2017, 01:22:47 PM
Bitcoin cannot be banned. Governments may try to impose rules against owning it, but people will own and trade it regardless. The danger though is that merchants will be scared away from using it, potentially limiting the goods and services available to bitcoin owners.
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