Topic: What if Government bans Bitcoins? - page 48. (Read 6099 times)
Nobody can stop Cryptocurrency. Can governments stop the future? I THINK NO.
if bitcoin is prohibited by the government then surely many people who use bitcoin protest. because, bitcoin has helped a lot of low to well-established economies, although now in my country still has not been publicly endorsed..... 
They can't ban bitcoin, they earn profit from it. They can only ban the sites but they can’t take away our assets. But I think it is impossible for them to ban bitcoin, they gained from it.
Bitcoin is meaningful even if only one country can use it.
you must understand that. if all sites and webs are related to bitcoin and other crypto currencies. then crypto currency will no longer be useful. but I affirm. bitcoin technology is much better than the bank. so this is a growth in the financial system. why bitcoin grows fast? the security system, transparency and speed in transactions are on bitcoins. and today most of the world's countries support bitcoins. so I think bitcoin will not be banned for future transactions.
People are using crypto currency despite the fact that many governments do not like bitcoin and crypto. Though there are several nations on the other hand; which have granted legal status to this currency.
Crypto currency is the future of the fiat. In the years to come bitcoin /crypto will definitely replace current system of physical bank notes though not fully and there will be small percentage of fiat currency in usage.
Governments will slowly understand the necessity of crypto world though it may take few years. Also do'nt worry; if you have some coins in your wallet and your country bans it's use you may to the other country for tourism where crypto is legalised. No problem; enjoy and shop there.
But the question raised is very good.
Crypto currency is the future of the fiat. In the years to come bitcoin /crypto will definitely replace current system of physical bank notes though not fully and there will be small percentage of fiat currency in usage.
Governments will slowly understand the necessity of crypto world though it may take few years. Also do'nt worry; if you have some coins in your wallet and your country bans it's use you may to the other country for tourism where crypto is legalised. No problem; enjoy and shop there.
But the question raised is very good.
The above topic was been in the history of Bitcoin, Banned by country whom critical on Digital transaction of Bitcoin, we have the issues on Scammer, Hacking and the issue on Regulation by government financial institution. all of this things are just FEAR of the UNKNOWN.. Bitcoin survived the beating on Banned by countries critical with the Digital Transaction. look at now, check the news, the business and financial institution are looking into the Regulation but they can not Banned Bitcoin totally IT IS DECENTRALIZED!
Government will never bans bitcoins because many of the government official use bitcoins and what do government gains if they ban bitcoins. I can't think of anything that will benefit the government if they do that.
i think governments now realize they can gain profit from crypto. cryptos are not likely to be banned. they are just trying to regulate it.
blocking only affects our access to bitcoin websites, but has no effect on our bitcoin assets. our bitcoin assets remain but can not be converted to fiat.
Each country has the prerogative to prohibit or to ban anything that they find threatening to the general public or for safety reasons. Before a country prohibits the utilization of bitcoin, they must provide concrete reasons on doing so in order to get their perspective towards the subject. Assuming that they ban bitcoin, the market value will depend upon the scale of damage the country has to offer into the said cryptocurrency.
For example, if the government of China (which is considered to be one of the largest country for crypto trading and ICOs) announces that they will no longer accept the utilization of bitcoin, expect the market value to drop significantly as their country is considered an integral factor to most ICOs and exchanges.
For example, if the government of China (which is considered to be one of the largest country for crypto trading and ICOs) announces that they will no longer accept the utilization of bitcoin, expect the market value to drop significantly as their country is considered an integral factor to most ICOs and exchanges.
If their governments banned bitcoin, the fate of big bucks, the acceptance of Bitcoins as a means of payment in Japan has helped boost Bitcoin prices, suggesting that politics is important for bitcoin development.
You need to ask this from the people in which countries are already banned Bitcoin, like India Bangladesh and some of those I think they can most truly describe how it is to live under the ban politics.
I don't believe they would ever go for it because it's against their interests. Of course, they might impose some restrictions, but that, in turn, might lead to some further reaching consequences, IMHO. Remember, Russia tried banning Telegram messenger? Did they succeed? Nope.
Speaking of the BTC price in the adverse scenario, something tells me things that are banned are, ironically, more expensive, aren't hey?
However, I might be wrong
Speaking of the BTC price in the adverse scenario, something tells me things that are banned are, ironically, more expensive, aren't hey?
However, I might be wrong
We cannot do anything if governments decide that they will ban bitcoins. But as long as they are not making any moves in banning bitcoin. I think we can do all we need to do to earn good amount of money in bitcoin.
I also agree with you when the Goverments ban bitcoin we will have difficulty in trading bitcoin. I think then price bitcoin will go down more in short-term and many transaction have affect by bank. But long-term price bitcoin will go up because Bicoin becomes developing in economy when it is banned. Although Goverments ban Bitcoin, tendency of the world use Bitcoin is not bunned. So we don't too worry about it. 
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??
it is possible to block all site that accept bitcoin as payment if government of a country want. like in my country, bitcoin can't be payment but it can be assets, and government make regulation will punish all site that still accept bitcoin as payment 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??
There are many governments that have banned bitcoin but investors are still working. They still exchange and trade on the exchange and transfer money from one wallet to another. There will be no problem when the government forbids bitcoins because the internet has a lot of tricks to avoid government obstruction.
There are some countries that had ban cryptocurrency but later on they had accepted it after knowing the possible ways to deal with cryptocurrency. As we all know that cryptocurrency could be use in illegal ways like money laundering, to fund terrorist group and etc. This is why governments had made a regulation on cryptocurrency and they are implementing on KYC to every local exchange for fiat to crypto.
I think there is no chance that governments would ban bitcoins. Most 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. All they like is fud and fomo
I agree to some parts of your discussion that the govt is enjoying the heavy amount of taxes from the bitcoin or any crypto investor but the real fact being the unknown source of the cryptos, by unknown I mean the mining or exchange of cryptos aint controlled by any govt organization can cause huge trouble to the countries economic stability, thus the govt may not totally ban bitcoin or any of the crypto but they might impose some kind of rules to keep a check on the usage of the cryptos.
before the government banned the world of cryiptocurrency. whether it is the right action or not. precisely with the presence of bitcoin in modern times. making a lot of people become millionaires in the near future. and the number of unemployed becomes reduced .
Probably everyone will not use bitcoin if the government forbids bitcoin but I'm sure the government will permit it for bitcoin to be used by its citizens so I do not think the government will ban bitcoin for use by its warg
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