What if Government bans Bitcoins? - page 16.

pugi2

member

Activity: 286

Merit: 31

Quote from: kamike on March 08, 2018, 01:25:48 PM

Some countries were already banned bitcoin, and here in my country they did not banned it not because they don't know what to do but they find bitcoin as an interesting and a great opportunity for the people, and a big help in our growing economy.

I think every country should follow this opinion because we know bitcoin as great opportunity in the field of economic.
Country which ban bitcoin has a lot of thing to think but most of the reason is cryptocurrency decentralized. Not control by them.

Ale88

legendary

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Quote from: rolls89 on March 08, 2018, 01:07:53 PM

Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??

The governments that ban bitcoin or cryptocurrencies in general, in my opinion, are simply stupid because they don't understand that this is the future, and they're wasting a huge opportunity. They'll regret it.

tinaobas

newbie

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No, the government cannot block bitcoin wallets,there is the better option of not even using an online wallet.they will need to confiscate individual laptops and phones for the ban to be effective

Moon_Man

member

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Merit: 10

Ok if the government bans Bitcoin... how would they enforce this?

teejayrichard2

member

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Merit: 12

though government have the power to ban bitcoin, i dont think they will make such a move. we have seen one or two countries ban bitcoin in the past but thats just for now. i believe with the great prospect bitcoin has, we will see more countries accept and adopt the use of bitcoin and cryptocurrencies

BigBlackSheep57

newbie

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Merit: 0

If the users want to use they can use it because government can't prevent the user but yes if they caught you in the time of transaction then it may create big problem.

Sinancre

newbie

Activity: 33

Merit: 0

I think that it is necessary to revise the websites of bitcoins from the point of view of management. This would be a loss, because the capital from this country would be withdrawn. And will reduce the price of a coin without braking

Uad

newbie

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this is a big loss for bikkoy users in countries that ban it, but executives often own it to gain political asylum when necessary.

Cool1

member

Activity: 102

Merit: 10

The government has banned the existence of bitcoin, but there are some countries that allow using bitcoin, bitcoin can be used anywhere without supervision from the bank to be free. Even if it's stopped, it's impossible.

beniesyde

newbie

Activity: 98

Merit: 0

This would be a loss, because the capital from this country would be withdrawn. if the government did this, but if this happened, it would be the destruction of the bitcoi coin with the number of coins or bitcoins, and lead to a reduction in the price of a coin without braking

Bara420

newbie

Activity: 45

Merit: 0

If government ban it then it will be called illegal currency thats it but nothing more can be happen because they can't stop the users to use it.

kerremy

newbie

Activity: 31

Merit: 0

Bitcoin users will always be able to transfer bitcoins from their wallets where they control the private key, In case of a ban, you can control your bitcoin.

Bitcoin users can move their Bitcoin to exchange wallets in other countries because Bitcoin is legal in most countries.

sino22

sr. member

Activity: 438

Merit: 250

over time the government will accept and legalize bitcoin, this only takes time. because now the development of crypto is increasing rapidly

newdevices

full member

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Merit: 102

I don't think that all countries ban cryptocurrency, I think the government cannot block all sites related to bitcoin wallets or other things related to cryptocurrency, keep thinking positive, bitcoin will be accepted in all countries in the future

Seundavid

newbie

Activity: 140

Merit: 0

I don't think this could be possible because most of the countries including USA, gains a lot of taxes from bitcoin profits. Why would they stop such an earning? besides I think that most fund companies and investing companies invest and trade cryptocurrencies, they would not accept such a ban.

Mabinat

jr. member

Activity: 140

Merit: 1

forbid what? was it allowed before? Did this prevent people from buying it?

fattyforhire

full member

Activity: 364

Merit: 100

I truly believe that this will never happen. And now it is not so easy to ban bitcoin, when it has developed to such a huge scale.

Sumo

hero member

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To do this, all countries of the world need to go to one opinion about the ban of bitcoin. But I am sure that this will not happen, because there are countries that have adopted this technology.

Anita1873

full member

Activity: 406

Merit: 100

If all the governments ban bitcoin together (which is not seems possible in any way at all), then it will be very panic and horrible for all those people who invest in crypto or trade, because when the world Bitcoin will be banned, then the price of almost every alternate cryptocurrencies will definitely fall down upto unimaginable and unexpected levels.

kehed90

newbie

Activity: 66

Merit: 0

In my opinion, anything can happen. Because the government has the authority to ban bitcoin, the government does not want to replace the existing currency with bitcoin or maybe they are afraid that bitcoin transactions are out of control and misused for criminal purposes.

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