Topic: What will happen if bitcoin to fiat exchanges are banned ? (Read 574 times)
I'm a bitcoin user. I'm afraid if that happens. And I think not only I'm afraid of that. As a result, bitcoin prices will drop dramatically and the number of bitcoin users will decrease
If this situation will create than peoples have two option one is they can exchange their bitcoins from paypal in fiat or USD than they can withdraw money in their bank account and second peoples individually sell bitcoins on localbitcoin platform to their country's buyers and seller will get money via National bank transfer but this kind of bitcoin to fiat exchanges ban is not possible.
soon Fiat money will not be needed at all!)))) already today a lot of companies start accepting crypto coins as a means of payment! in the replacement of loan money, a new kind of money has come - it's a coin creep! 10 years around the world will use crypto money!
although bitcoin is banned, I think the special value of bitcoin always attracts the attention of many public. including in the US.
for today we still see that fiat dominates the global market, so people prefer to convert BTC to fiat, besides that because the scarce of transactions that accept bitcoin. but, the reality that many people that using bitcoin.
but in the next 10 years, fiat will not be valuable. no fiat. a national currency will only be a cryptocurrency value standard.
for today we still see that fiat dominates the global market, so people prefer to convert BTC to fiat, besides that because the scarce of transactions that accept bitcoin. but, the reality that many people that using bitcoin.
but in the next 10 years, fiat will not be valuable. no fiat. a national currency will only be a cryptocurrency value standard.
If it's banned in the USA, then there's still japan, india, etc countries who will use it. I think I will agree with you that people started to use Bitcoin because they just want the value to go up and that most of them time, its use is being neglected. There are still numerous ways to make Bitcoin tradable though.
It will never happen because if fiat exchanges are banned and everything is focused on Bitcoin but what if there is no internet access. How can exchanges happen ?
In my own opinion if the bitcoin to fiat exchange has been banned then the exchange transactions will no longer exist and there will be no more bitcoin at all if it is already banned.
World war 3 everyone, lol. If fiat exchange will be banned many of the people who invest in cryptocurrency will be so mad and angry absolutely. They will definitely be go crazy because they invest so much on fiat rather cryptocurrencies. In some matter, some of the investors maybe become poor as their investment stops as it is banned.
I think if bitcoin to fiat exchanges banned, you can try to find another exchanges which accepting fiat currency.
But if there is no exchanges which accepting fiat anymore, you cant be able to buy crypto.
i doubt it will happen.
But if there is no exchanges which accepting fiat anymore, you cant be able to buy crypto.
i doubt it will happen.
I guess people will start loosing their interest on btc most especially on small or less fortunate countries. Because if btc to fiat exchanges will be ban most likely it will be on this countries. Even though btc is important for us, not all people accepts it as payment or government accepts it to exchange with fiat. Every country need money, so if they don't know about btc because they're lacking, then it will be hard for them to exchange it with fiat. Also, users will either stop investing on btc and block chain will be use in other applications.
That will help bitcoin to stop depending on Fiat and grow as a regular currency.
This will not happen and impossible to happen, bitcoin at first place is convertible to fiat, all of exchange are already know the system before they run a business, if some exchanges did not want to change bitcoin to fiat then that exchange will lose its credibility to run an exchange site or may we think that they are scam and useless exchange.
i think this one will not happen and if it is someone or somewhere will do an action to exchange bitcoin to fiat.. if all the countries will do this then no more bitcoin
I never think that scenario will happen, but even if it will happen, it is useless, people are looking and creating any ways or systems that caters cryptomarket transactions. On the other hand, they will not ban exchanges because many people are benefited and changed their financial stability through crypto business industry.
If bitcoin to fiat exchanges gets banned,then people would just switch to telegram chats for selling bitcoins in person face to face as it just happened in China earlier when the Chinese government banned the bitcoin exchanges.
If that happens then i think that bitcoin value will be constant just like fiat money. For some country maybe it could happen, just like china. But these situation is impossible to happen because bitcoin has a big potentials, and i believe that some powerful people are in to bitcoin, and they will not let the bitcoin to fiat exchange ban to happen. 
I think it will not happen any time soon, because the investors will absolutely pull out their shares and stick in fiat, Many investors invest their money in purpose which to have more money and to earn for their future so if they didn't exchange it for fiat then what is the use of investing in this currency right?
If bitcoin to fiat exchanges gets banned,then people would just switch to telegram chats for selling bitcoins in person face to face as it just happened in China earlier when the Chinese government banned the bitcoin exchanges.
But it is not possible worldwide because face to face transaction only possible if we have only traders nearby and the people from the countries who don't have enough crypto traders will have no chance.This will decrease the demand of the bitcoin and the who crypto market too.But still we have other options like western Union those traders can be found on the localbitcoin.com and more sites will come to use when the exchanges gets banned.
I do not think such a thing is possible,
let's say things went wrong
an error is found and processing continues,
affected at first but still continues
let's say things went wrong
an error is found and processing continues,
affected at first but still continues
i think this one will not happen and if it is someone or somewhere will do an action to exchange bitcoin to fiat.. if all the countries will do this then no more bitcoin
It is impossible to happen. perhaps USA will BAN the Bitcoin to order exchange in their land however on the opposite countries they can not.
This is the very fact and therefore the North American countries already understand this. they'll simply eat mud if they BAN bitcoin to order exchange.
This is the very fact and therefore the North American countries already understand this. they'll simply eat mud if they BAN bitcoin to order exchange.
If bitcoin to fiat exchanges gets banned,then people would just switch to telegram chats for selling bitcoins in person face to face as it just happened in China earlier when the Chinese government banned the bitcoin exchanges.
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