Topic: What if holding the bitcoin becomes illegal? - page 2. (Read 2152 times)
States will no longer prohibit crypto currency. This can happen in some individual countries with an authoritarian regime where the economy is managed in a manual mode and where the rulers will be afraid that if you allow the circulation of the crypto currency, the money supply will flow out of the country in the form of a crypto currency and this process will be uncontrollable. In other countries, the currency will be subject to regulation for the purpose of levying income tax.
This topic has been talked about and discussed many times and I don't see why there is a reason to bring this up again. Bitcoin is decentralized meaning no one can control it and I do believe that the same goes with its users and they can use bitcoin freely and anomymously.
Bitcoin in the first place isn't illegal and secondly is a decentralized framework therefore holding bitcoin isn't illegal and therefore anyone holding bitcoin is actually not having any connectivity whatsoever as to making a fact that it is yours.
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This kind of threads create panics and draws out negativity to ones mind. Why not we should al be positive about bicoin? For Democratic countries, government can't ban bitcoin because Democratic means freedom. Mostly the Communist country are the one doing it. So cm as long Democratic countries allows bitcoin, bitcoin will surely survive. learn SEO and learn how to create valuable content instead. then the traffic will come on its own.
I think there will not be a big effect.
Because even if government will do this they will not have a great mechanism in order to track those who possess bitcoins. Therefore finding those people will really be hard for government not unless they will be able to create a way how to conduct search more effectively.
Because even if government will do this they will not have a great mechanism in order to track those who possess bitcoins. Therefore finding those people will really be hard for government not unless they will be able to create a way how to conduct search more effectively.
it will not far away that bitcoin will become legalize in many countries because bitcoin is famous with a very high speed and the rate of bitcoin is also increasing with quick speed and those people who are holding bitcoin and when the bitcoin become legalize in their country then they will get enough profit and they will then no need to convert to their country currency and use wherever they want.
Yes that is right. i think some countries have already accepted bitcoin as legal currency. japan is the best example with us. Still some other countries are also now planning to turn bitcoin as legal currency. I do not think that any country yet delar bitcoin as illegal, because not a sing country has yet officially banned bitcoin. i am sure that in future bitcoin will be consider as legal currency throughout the world. Not a single country will be there who wil will continue to bane bitcoin. 
If it happens to be bad, the prypto market will dump quickly and we will die. 
it will not far away that bitcoin will become legalize in many countries because bitcoin is famous with a very high speed and the rate of bitcoin is also increasing with quick speed and those people who are holding bitcoin and when the bitcoin become legalize in their country then they will get enough profit and they will then no need to convert to their country currency and use wherever they want.
No need to imagine, in my country I already feel.
Bitcoin in my country has been banned
Bitcoin in my country has been banned
Which country do you belong too and why did the country decide to ban, what specific reasons led them decide the banning of such currency. Have you stopped it or you still continue dealing in them despite the banned imposed by your country?
This is last month thread as Rumors had came after china banned Bitcoin, but I don't think holding bitcoin is illegal since it is decentralized so no one knows and we can access it anywhere and spend the cash where it is accepted.
Does Govt knows you hold the Bitcoins or other Crypto currencies? is their any chance to raid your wallets?
Does Govt knows you hold the Bitcoins or other Crypto currencies? is their any chance to raid your wallets?
If bitcoin become legalized by our government they controlled bitcoin and alson bitcoin force to pay taxes to our government, many law apply to implement and that we don't have freedom in bitcoin. If ever that was happen bitcoin price gettings drop it become nonsense. But surely our government cannot penetrate to bitcoin.
Just imagine what will happen if once the government will ban Bitcoin ?
https://blog.eth-price.com/2017/09/11/governemt-making-bitcoin-illegal/
I dont think it will happen because holding bitcoin is the same as hold gold because they are both investment. The price of each item has a chance to lose and to win because the price is unstable. https://blog.eth-price.com/2017/09/11/governemt-making-bitcoin-illegal/
I don't think this could possibly happen because there's no proof for government to declare bitcoin as an illegal stuff, this mainly reason why they want to have control over bitcoin because its legal and can be use by anyone which they cannot trace or even control. But if ever a certain government will declare bitcoin as illegal currency I'm sure people will not tolerate that and oppose to them. Bitcoin is world wide currency now and government cannot penetrate that.
I think bitcoin will not become illegal, government will take advantage for this and ammend taxes for ths kind of currency. On the other hand, there were also news about other countries that made laws to protect bitcoins. But if ever bitcoin becomes illegal, those who are investing a lot of their money in bitcoin will surely be on disadvantage.
Such a situation never prevails, if that happens users who already use bitcoin with a hesitant mind tend to switch completely to fiat or gold. People who have known about the goodness will go in search of an alternate way to keep hold of the bitcoins. I don't think such a restriction will come into effect in the near future.
No need to imagine, in my country I already feel.
Bitcoin in my country has been banned
Bitcoin in my country has been banned
It depends of punishment. Lets take marijuana for example. It is forbidden in many contries. But an insignificant human being may get full life sentence for keeping it at some places or just pay small fine at others. What if someone, who are doing crime by keeping Bitcoins, gets really high profit comare pathetic fine he is ready to pay. Just word "illegal" says no much to me. Self safety is the most important issue for an awerage human, so it leads him
Just imagine what will happen if once the government will ban Bitcoin ?
https://blog.eth-price.com/2017/09/11/governemt-making-bitcoin-illegal/
If that happens i think that was too dumb and foolish. What is the reason for making Bitcoin illegal if it does not steal , scam or take on someone. Investing is not a crime. Also i think just make them learn about Bitcoin , Crypto currency and digital currency so that they will understand that there is nothing wrong in Bitcoin , crypto currency and digital currency. But if the government really treat the holding Bitcoin is illegal then there is really nothing you can do but to accept that they can not understand it. https://blog.eth-price.com/2017/09/11/governemt-making-bitcoin-illegal/
Just imagine what will happen if once the government will ban Bitcoin ?
https://blog.eth-price.com/2017/09/11/governemt-making-bitcoin-illegal/
currently there is not yet a hundred in my country still not recognized. I hope my country can recognize bitcoin. https://blog.eth-price.com/2017/09/11/governemt-making-bitcoin-illegal/
First of all, it is very difficult to ban the possession of Bitcoin. Converting Bitcoin to fiat can be banned (with some difficulty), but it is not possible to ban the possession of Bitcoin. BTC is not a physical asset and it is near impossible to link any of the wallets to a particular individual.
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