I think there's no need to ban bitcoin because people or those who have long been thinking about bitcoin will get some money now to help their family get lots of bitcoins and not just bite bitcoin because many people its the support
Topic: What would happen if BTC was Banned? (Read 65847 times)
It's impossible to banned bitcoin.. If some county government does ban BTC. So it does not say that all county in the world ban bitcoin. I hope As long as the internet connects those days bitcoin is staying in the market.
If BTC banned the the popularity will go up. Because curiosity for BTC will rise. But I cannot understand who will ban it.
neither of which will happen anyway in any one of the states will be unlocked and that I want to say know what will happen, the price for ip adress in this country will rise in price that would be connected via VPN !
What would happen if the bitcoin was banned i dont think bitcoin can be banned you know that bitcoin are used for allot of illegal things so maybe in the future we dont know?
I think that if the bitcoin was banned in the whole world, the economic rate was lost, because many people used bitcoin for their needs like students. Many students used bitcoin for their tuition and for their allowance.
If the digital currency does end up facing a ban, it could mean a Bitcoin price drops following that bad news. If a country bans Bitcoin, they haven't "destroyed" Bitcoin they will be left behind.
It's true. Just look at China, Chinese people know that it's a mistake for their government to ban it. It's people love bitcoin and they know that it's the thing of the future and you'll end up just like North Korea when they got left behind.
I don't think that's going to happen because many governments have common sense and understand that the world needs bitcoin.
What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal?
How do you think the community would react? What could be the possible solutions?
How do you think the community would react? What could be the possible solutions?
No , you cannot do anything if your country bans bitcoins completely. You may move to another country where it is allowed or operate with the help of a friend there.
If the digital currency does end up facing a ban, it could mean a Bitcoin price drops following that bad news. If a country bans Bitcoin, they haven't "destroyed" Bitcoin they will be left behind.
If the governments of many countries prohibit bitcoin, then it will simply depreciate. After all, its price depends on popularity. And that which is forbidden can not be popular.
I do not expect that to happen. Most countries in the world use bitcoin as a quick and convenient way to pay for services. In addition, bitcoin is used as a profitable investment tool and makes the economy of the nation more and more developed. Therefore, the developed countries should follow the example of developed countries to develop together. And I hope that the BTC is banned is not happening.
I wonder what really would happen? 
Though if BTC is being banned globally, I think a lot of businesses will suffer and the market will surely drop.
And for the long run people will eventually find a replacement for the banned BTC and life will goes on! HAHAHA
Though if BTC is being banned globally, I think a lot of businesses will suffer and the market will surely drop.
And for the long run people will eventually find a replacement for the banned BTC and life will goes on! HAHAHA
Probably it’ll be hard for some investors, but if there’s a will there’s a way. Also, people that are very skilled with the internet will find a way to still have an access with BTC
Yes its hard but if you are under investigations I think its a big problem for you. Once they know your bitcooin wallet, they can trace your transaction, money that comes in or out of your wallet. Though its hard to implicate you, but other data can pinpoint you.
I hope we don't let bitcoin be banned. We will fight to ensure that it lives and develops. It is our right. I really do not want this to happen, there will be a serious conflict.
What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal?
How do you think the community would react? What could be the possible solutions?
In practice, it is no longer possible that most states banned bitcoin. Leading world countries have already recognized or are in the process of recognizing it. Recently, the European Union countries adopted two documents aimed at the fact that the crypto currency in these countries will be recognized as a legal tender and, in addition, transactions with the crypto currency will not be taxed. In this situation, the crypto currency will be firmly embedded in our lives. How do you think the community would react? What could be the possible solutions?
We saw what happened when china tried to ban bitcoin last year. The miners just up and left and the although the price dropped temporarily it just kept on going.
If bitcoin will be banned, meaning it will be illegal. Users reach will be lower, as many people will be not allowed to use/trade bitcoin in their country. But of course, some countries has legalize bitcoin so Bitcoin is here to stay. I think, Blockchain technology is yet to boom!
Banning btc is just basically banning the whole virtual currencies and that does not likely to happen. People are already using virtual currencies in their credit/debit cards so there's no going back but to consolidate and improve the transaction process with crypto like btc.
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