Topic: What if Government bans Bitcoins? - page 11. (Read 6112 times)

yes I agree, indeed every person has many ways, even though in reality the government sometimes has banned the use of bitcoin. but everyone has a way to get into bitcoin.

I think even the governments ban it people will still find ways how to bypass it and they can never stop the market to continue running. But I just hope this thing will never happens.

I think if the government forbids bitcoins then all will collapse. The money market will fluctuate. There will be a lot of companies going bankrupt. Because bitcoin is the most valuable coin. Bitcoins have a great influence on the world of electronic money. There are many people who invest in bitcoin.

It is possible for government to ban cryptocurrency.in fact we think it is likely. on other hand if government will get more taxes  then government don't ban the bitcoin. its wsy is very easy it is web msrket policy
so I think government will not ban this policy.

It's called Virtual Private Network (VPN). In China, famous social media sites are actually blocked. There's a documentary about this and all they do is use a VPN. The only downside is that VPN slows down the connection a lot. People don't want to miss out with what's going on and will always try to find out what the government is trying to hide to them. So when all crypto websites are blocked, people will be curious and try to find out 'what's behind the wall'.

What I see as a solution is people selling their bitcoins in exchange of Paypal funds. It's a digital currency and you don't have to put the money to your bank account. The money doesn't have to be seen by the government. This is a very easy solution to the "government banning bitcoins" problem. You get your Paypal verified. You do a P2P transaction with someone from a different country. And then you spend the money on Amazon, eBay or whatever online shopping site that you locally have. They are accepting Paypal funds. I used to use an unverified Paypal account but that's prone to being frozen when there's so much funds going in and out of your account. You don't want that to happen to your account, it takes 180 days (6 months) to get unfrozen.

You can also just use Purse.io so you can buy something from the Internet directly with your bitcoins. They are even giving discounts (15% discount) to bitcoin users.

Honestly there's a lot of workaround and the government will be just plain dumb to ban bitcoins. Bitcoin greatly helps some individuals and that makes the economy grow. As long as crypto isn't the reason why the economy is so messed-up, I don't see any point in banning it. They are just missing out. Bitcoin users are mostly tech savvy people. They are always in front of their computer and the workarounds that I have mentioned can easily be done by anyone of us. The ones that don't know how will be forced to learn it.

In my opinion, many people will go bankrupt because of this! Some investors have made a lot of betcoin bets because this is a great bargain. But does any country want to ban the bitcoin as it benefits the people of their country? Only to limit the bitcoin because if the ban is really a very wrong action

If the government forbids bitcoins, the market will go down for a while but it will not be dead. This is a very difficult market to control and destroy it.

Well I gues they can ban bitcoin or other cryptocurrencies but it will never be stopped. They can't block all the sites of cryptocurrencies and wallets because there are so many programmers out there that can and will find a solution to make and continue the cryptocurrencies. So for me, cryptocurrencies can be banned but it will never die.

No matter how good bitcoin will be as a factor of lifting one's economic growth is still nothing to country who really are close minded to the blockchain technology. If government really bans bitcoin in our country, so be it but they can't stop me from doing what i believe can change my life forever.

A common reason why Bitcoin was banned in some few countries out there because they had a lot of misunderstandings about its technology.

the government will not be able to stop bitcoin because bitcoin has super safe and strict technology. All transactions are transparent and spread to millions of servers. So that it is almost impossible to counterfeit the bitcoin database. even though the government has banned many reasons that say bitcoin is illegal and also harms the people, he said, but it's all just a government idea, the proof is that many people are getting rich living with bitcoin.

Well are you refering to your government? or our government? Seems we have different government system that is being used from different countries all over the world. All i know that Philippines is one of the good country that embraces cryptocurrency and we are free on cryptocurrency trading.

of course, there will be lots of protests from bitcoin users and will increase the number of unemployed because not a few people depend on bitcoin when the government bans the use of bitcoin automatically they will lose their livelihoods that will have a negative impact on the economy

Government doesn't plans to boycott btc for a solitary reason, its prohibiting has various reasons, one the principle is, the lessening of the market of bitcoin with extraordinary misfortune that compels the financial specialists to put resources into it for quite a while, this can be bring about suffocating economy, one other reason is the medications managing that occur through bitcoin installments, as government couldn't control these managing utilizing bitcoin in light of the fact that they can't locate merchant's any data.

If this were possible, then it would already have happened. Today, bitcoin has invested a lot of money from many people around the world. Imagine their reaction to the dawn! Even if this happens, it will not last long, because bitcoin is like the Internet, which can not be controlled.

I always think that as long as a country still does not ban Bitcoin, Bitcoin can survive! But when Bitcoin is banned all over the world, the market will disappear and Bitcoin may become history!

Government can't make Bitcoin dissapear although all governments in this world bans bitcoin, the other nature of bitcoin is the anonimity, so if there is still one computer that save the data of bitcoin then bitcoin will still life, and track computers that save the data of bitcoin is not an easy job.

These days,  some countries are starting to ban bitcoin and is continually doing so. I believe that obe of its main reason is that they cannot do something, the government, to influence bitcoin or does noy have the ability to control a part of it. So far, the only solution we can get is to continually support bitcoin in a way we can.

Bitcoin and the technology on which it is based are very promising and can bring a lot of benefit to both the state and people if they find it the right application. Therefore, I think that the states will not ban it.

When governments ban Bitcoin and other crypto currencies the value of them will be useless because what is the purpose of having a currency when you cannot use it any where to do any useful thing so currencies will exist digitally in wallets and in exchanges but will have no any value to do anything