Topic: What if Government bans Bitcoins? - page 3. (Read 6112 times)
maybe it could happen, but I'm sure, that not all countries do this. like in my own country, for example, bitcoin and crypto are growing very rapidly, and so far the government has not prohibited playing bitcoin. because it feels the presence of bitcoin is very helpful for the economy of the community by having the effect of reducing poverty in my own country.
bitcoin that has been saved in the wallet, will not disappear. but if the exchange site is blocked by the government, then bitcoin in the wallet is useless. because it cannot be sent to anyone, and cannot be exchanged into fiat. circulation in the market, it will also stop because bitcoin is considered worthless if the redemption site is blocked. but that for bitcoin holders, for the economy in general, it doesn't have much effect if bitcoin is blocked.
In present time it will not happen that government will ban bitcoin in the whole world and mostly people use it over the internet and it is good to keep crypto because if not use today then we can use it in the future and we can also keep it for next generation it is not to finish in the world crypto is ever growing and ever useful in the world.
another thing we can do if it happens is to look for another business. but I hope they don't do that, of course there will be a lot of losses if they do that, because now, so many unemployed people have been in their business in the cryptocurrency world.
I believe that national governments can only limit the impact of bitcoin, but if you want to tighten the conditions. The government has the right to adopt a law that will strictly regulate the use of bitcoin. I think that in the future bitcoin needs to be legalized to seriously scale.
In present time it will not happen that government will ban bitcoin in the whole world and mostly people use it over the internet and it is good to keep crypto because if not use today then we can use it in the future and we can also keep it for next generation it is not to finish in the world crypto is ever growing and ever useful in the world.
Actually the government already ban bitcoin in some countries, i am afraid that bitcoin will be banned worldwide
Ofcourse when government started to ban bitcoin in a particular country it is the start to avoid bitcoin or to stop using it. Since we all know that government is very powerful we need to follow the regulation that the government provide or executed. In that case, I conclude that it is hard for people who are depending so much with bitcoin in the particular country because since its already done their job was already done, so the best way to do is to find an stable job.
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??
well crypto world would crumble but i dont think its impossible and also its too crazy to ban entire cryptocurrency cause many people already invest on it and thats mean the goverment are not act what they suppose to be, goverment should protect their people and also have to keep developing the country, bans crypto just as like bans the technology behind it.
If that's really the case, maybe we should hope for a different future for Bitcoin and the crypto market. Because the government is a great launcher for mangroves cryptocurrency development and can dominate every transaction of the nation.
There are some governments that has banned bitcoin and cryptocurrency at large. There are also some who has made it acceptable in their country, others are indifferent to it... So, every government can't ban it at same time, as every government has its own goals its chasing...
Some countries and governments have found the bitcoin an interesting prospect, and there's a full research on it... The governments can try to regulate it in the future, and not ban it.
Some countries and governments have found the bitcoin an interesting prospect, and there's a full research on it... The governments can try to regulate it in the future, and not ban it.
I think that then people will just start using p2p markets. The government will not be able to ban people from believing in bitcoin, it can only make the exchange uncomfortable. IMHO
the possibility that it could happen in the future, because the local government claims that the presence of bitcoin in the future will threaten the system or banking turnover in the country, bitcoin will control the country.
the possibility of what happens in your wallet, it looks like it will be returned again, maybe it might not return 100%.
yeah, but if that happens, I don't know what to do. well, I consider the crypto world like a good job for me. well, maybe now I just have to prepare it, but I just hope that it doesn't happen. well, many possibilities can happen in the future. the possibility of what happens in your wallet, it looks like it will be returned again, maybe it might not return 100%.
Be it any country, Government has the power to ban bitcoins but a government can ban bitcoins in a particular country only where it enjoys its power but it cannot ban bitcoin altogether as there is no authority or anyone who controls bitcoins. Having said that many countries have already accepted bitcoin and I do not see any such ban in near future.
the possibility that it could happen in the future, because the local government claims that the presence of bitcoin in the future will threaten the system or banking turnover in the country, bitcoin will control the country.
the possibility of what happens in your wallet, it looks like it will be returned again, maybe it might not return 100%.
the possibility of what happens in your wallet, it looks like it will be returned again, maybe it might not return 100%.
I think the government can't completely ban bitcoin unless the government intends to stop the internet. The government ban is only for the use of bitcoin as a means to buy goods.
if the government banned bitcoin so that country will no longer support bitcoin but it still cannot stop the people's from using it as it stay anonymous. it hard to detect who the owner. So bitcoin are hard to be stopped even it being banned.
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??
I remembered when I was a newbie, I read here in the forum that some for countries they've banned bitcoin I'm not exactly so sure if I am correct or not but you can correct me if ever I am wrong with the information. Bitcoin was banned before in Russia then after a couples of months or years they've revoke it and now Bitcoin was very useful to this country, so meaning there is a big future waiting ahead for bitcoin, which means its not possible to be happen at this point of time now.
I don't think it's a ban, if it happens, it will happen in a moment. And if we realize that there is no chance, we will have time to save their coins.
If they ban crypto currencies, or maybe Bitcoin, well that is obvious, then you will not be able to use them in your country, that is the obvious answer. That is the expected scenario when the government of a certain country ban cryptos or Bitcoin. But hey, you can still transact them online, trade them in exchanges so it is still fine.
It is almost impossible to technically ban Bitcoin.
The key to the existence of Bitcoin is not whether the government blocks it, but whether investors who encrypt the currency can always maintain trust in it!
The key to the existence of Bitcoin is not whether the government blocks it, but whether investors who encrypt the currency can always maintain trust in it!
Entirely will occur. In spite of the fact that legislature have no reason for prohibiting bitcoin and some other crypto, But in the event that it happening then you don't have to stress.
In future there will be a few trades that will have add up to security of your records.
since Necessity is the mother everything being equal.
So Keep yourselves quiet and Keep exchanging.
In future there will be a few trades that will have add up to security of your records.
since Necessity is the mother everything being equal.
So Keep yourselves quiet and Keep exchanging.
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