What If Bitcoin is banned? - page 5.

NoNetwork

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Quote from: thanthan on September 19, 2017, 09:59:51 AM

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.

It can still be used on your computer or phone - it is not centralised, depending on your government you might want to take measures not to get caught.

True, because of its decentralization concept many people took advantage of this thing to do some illegal actions, that is one of the reasons why a country wants to ban Bitcoin. But on the other hand if you for example is not one of those people then you can still use it, as means of the source of income or anything that you wanted Bitcoin for. As long as you will be weary of the security of your transactions that is, although even if it is decentralized you can still be tracked to the blockchain, if the government is that desperate in finding you that is.

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Quote from: Xester on September 19, 2017, 10:01:35 AM

Quote from: davids on September 18, 2017, 11:03:28 PM

likely the user base will decrease slowly as it will get harder to use. you can try to use/sell BTC to an exchange in another country where BTC is not banned and converting it into any other currency

Yes it will gradually be hard to use but bitcoin is not that easy to ban. It was actually banned in China and its price drops but still showing its power. It goes up again and showing its strength. It is legalized by Japan and other countries that is why even it was banned by China its price is still high.

Nope, Bitcoin did not ban in China, it is rumors and the Chinese government confirmed they still consider again and will decide ban Bitcoin or not, but they want to ban small exchange crypto first to avoid situation re-open ICO and warning other markets.

carlisle1

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Quote from: migolmigol on September 19, 2017, 10:32:19 AM

Well this is one of the risk that may bring down Bitcoin and make investors of Bitcoin have a negative return on investment.

its possible to some countries but not in general people will still find some ways to continue the system, crypto currency I think wont be
banned there's regulation that will be created and still investors will take the risk knowing that in the long run this investment will still
bring good income for those who take the action.

migolmigol

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Well this is one of the risk that may bring down Bitcoin and make investors of Bitcoin have a negative return on investment.

bitblaster

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I think they will not ban it, but would be making exchange of BTC to $ more difficult. That would put pressure on the price of bitcoin , such as what happened in China.

keeee

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Quote from: lady Royal on September 05, 2017, 05:14:26 PM

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.

I would like to ask you how will you still use it?'
When It will be banned in your country then how can you use it or how can you exchange it in your cash? It will be useless for you isn't it?

I agree how will you used it if bitcoin already banned by government in your country? Inthink if bitcoin would be banned in my country it will be a big loss to me. Because bitcoin helps me a lot and it serves now as my source of income so if it banned by our government i cant earn it then. But for the bitcoin that i kept in my wallet I would going to convert it into fiat and cash it out for the assurance of my money.

muhammedb

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I don't really think can happen because any country that ban bitcoin there country will be out of economic improvement so I don't think any county can afford to take that risk

KuromaYoichi

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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.

If bitcoin is banned in my country i will still use it, but only to renew my vps and buy some digital games on the internet. I don't think my country will ban bitcoin as there's a lot of more important problem rather than cryptocurrency. Maybe they will release a regulation to tax income from bitcoin but they won't ban it like china in my opinion.

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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.

I think if bitcoin was banned I guess the price of it will become cheap and we all know that it has negative effect in bitcoin community. In addition to that, I think I will still use it but not in my country because I believe that there are still country that do not banned bitcoin.

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There is a technology coming soon that will bowl banning counties middle stump to splinters. It will not be necessary to change back to fiat and one will pay EFT, Credit Card, Card Machine, Cigarette and Cola vending machine with your telephone app and they would not even no with what currency you are paying. VISA will be only for the centralized people.

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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.

If it is banned of course it will be illegal for us to use but a lot of people will not stop doing it until they get profit in it. Just like what happen in china, haven't you heard that they banned all the cryptocurrencies. And that leads to a tremendous fall of bitcoins and also the other coins because china is a big country with a lot of bitcoin users. Losing them is a big deal eith this industry. And if that also happen to our country the bitcoins value will drop again. And it might fall totally if all the country are banning them.

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Quote from: BITDV on September 19, 2017, 09:56:14 AM

Yes, of course as long as you want to learn the skill and also gain experience to analyze foreign market in different markets around the world before you able to earn a constant and regular profit, many people have earned millions of money from forex trading and crypto trading.

I guess that what you want is completely impossible to be done. Remember that Bitcoin exist virtually in the internet and the internet of your country is technically controlled by your country's government, they have the power to simply ask all the internet service provider to block all websites relating to Bitcoin where you cannot even search it online. Banning Bitcoin is simple and it can be done without you having power to do anything about it.

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Quote from: davids on September 18, 2017, 11:03:28 PM

likely the user base will decrease slowly as it will get harder to use. you can try to use/sell BTC to an exchange in another country where BTC is not banned and converting it into any other currency

Yes it will gradually be hard to use but bitcoin is not that easy to ban. It was actually banned in China and its price drops but still showing its power. It goes up again and showing its strength. It is legalized by Japan and other countries that is why even it was banned by China its price is still high.

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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.

It can still be used on your computer or phone - it is not centralised, depending on your government you might want to take measures not to get caught.

BITDV

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Yes, of course as long as you want to learn the skill and also gain experience to analyze foreign market in different markets around the world before you able to earn a constant and regular profit, many people have earned millions of money from forex trading and crypto trading.

davids

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likely the user base will decrease slowly as it will get harder to use. you can try to use/sell BTC to an exchange in another country where BTC is not banned and converting it into any other currency

mjnick01

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if the bitcoin is lost
People are especially upset with earners using online money
people protest and disrupt the world of the internet

Janademir4

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until now there is no certainty that bitcoin is prohibited or not in my country, but if it happens as a society that is obedient to government regulations I will follow the rules of government and stop from bitcoin

jcmelana1991

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bitcoin will be banned? its possible that bitcoin will ban until there are many users that using bitcoin. bitcoin is the strongest time to use and get a profitable income in the community of bitcointalk.

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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.

Hmm. I think many people especially the one who put a lot of eefort here in bitcoin will disappoint and start to got angry because of the effortof their that will be wasted and ofcourse the earnings and income that will be gone. But of course I think it will not be bnned because of it's popularity today and ofcourse the rate of people who are using it now.

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