Topic: What would happen if BTC was Banned? - page 12. (Read 65851 times)
I personally feel that if any government would like to ban Bitcoin, it will definitely back fire on the state. You need to know the consequences of banning bitcoin. Today, the survival of millions of websites need to use the links to bitcoin. Hence, it is indispensable to the internet world. Also, we must not forget that a huge chunk of think tanks in all countries depend bitcoin as the source of their livelihood. Hence, if it is made illegal it’s value will increase.
Bitcoin reached all over the world, billions of people's using it for trading and investment purposes. Also many people's work on it, they do transactions and also use as payment system. In many countries bitcoin used as exchange for goods and most merchants and retailers accepted it. Also most of the peoples used it as earning source.
Some countries already banned on it, but it is impossible to complete ban on bitcoin.
Some countries already banned on it, but it is impossible to complete ban on bitcoin.
Bitcoin reached all over the world, billions of people's using it for trading and investment purposes. Also many people's work on it, they do transactions and also use as payment system. In many countries bitcoin used as exchange for goods and most merchants and retailers accepted it. Also most of the peoples used it as earning source.
Some countries already banned on it, but it is impossible to complete ban on bitcoin.
Some countries already banned on it, but it is impossible to complete ban on bitcoin.
China and Russia already prohibit bitcoin trade in public platform, it sill didn't affect the price of bitcoin.
It just affect the price for a while.
It just affect the price for a while.
Bitcoin reached all over the world, billions of people's using it for trading and investment purposes. Also many people's work on it, they do transactions and also use as payment system. In many countries bitcoin used as exchange for goods and most merchants and retailers accepted it. Also most of the peoples used it as earning source.
Some countries already banned on it, but it is impossible to complete ban on bitcoin.
Some countries already banned on it, but it is impossible to complete ban on bitcoin.
Bitcoin reached all over the world, billions of people's using it for trading and investment purposes. Also many people's work on it, they do transactions and also use as payment system. In many countries bitcoin used as exchange for goods and most merchants and retailers accepted it. Also most of the peoples used it as earning source.
Some countries already banned on it, but it is impossible to complete ban on bitcoin.
Some countries already banned on it, but it is impossible to complete ban on bitcoin.
I don't know about others but i would come to road because bitcoin is a very valuable currency, and not I all the people will have to do different jobs those who are currently working on bitcoin and earning it. So it should not be banned
I don't think it is possible to ban bitcoin, if it was, it would be banned already.
That was very impossible to happen but if the bitcoin is we will be banned, that will the worst moment for all of us, specially for all of the users of bitcoin, because bitcoin is part of our daily lives, bitcoin is helping me and helping many people to have or to earn many money or profit so if bitcoin id we will be banned many people will became dissapointed. 
Actually it's not very practical, September when the Chinese government banned the currency, and then the currency fell to 2000 Us dollar, but after 2 months already reached 10000 Us dollar, so can't be prohibited all countries in the currency.
Imagine the situation of the Chinese users right now. They were forced to sell their coins at $1,800 per coin. And the current exchange rate is almost 1,000% higher than that. The Chinese government is doing a great disservice to its own citizens, rather than anyone else.
At present where btc has settled in its place more or less in top in between of other currencies this question have no value, because of it's high position .
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?
Many people will be disappointed and maybe even some will go against it and fight the government because of it. Bitcoin is slowly being known by everyone and many users see this as a help for them so it would be a bad idea if bitcoin will be banned. Possible solution to is talk politely to the government and have a position paper why it should not be banned in one's country. How do you think the community would react? What could be the possible solutions?
I don't think it is possible to ban bitcoin, if it was, it would be banned already.
Noone can ban Bitcoin itself. If banned from countries, users can still find a way to secretly transact with Bitcoin.
I dont think bitcoin will be banned because if it is illegal or if the government say so that bitcoin is not legal, it would have been long gone right now, right? But let's say BTC was banned in unknown circumstances, well it sucks because i just started in bitcoin and im sure a lot of people will be mad or be dissapointed with the idea of it.
That will only happened in case if bitcoin is banned but the way I am seeing the response of few government I think bitcoin is going in the positive direction, last night I was watching a report on bitcoin according to which the south Korean government who is third largest bitcoin holder country is thinking of imposing tax on bitcoin to make it more reliable and win people interest to invest more in bitcoin.
I think that "banning" is for the off limits user i mean why would they banned it if the bitcoin can help the other people? That banning is for those people who use bitcoin as their illegal transaction or to scam. But if the banning is possible i think i will find another way on how to use or revive bitcoin site
Bitcoin is already banned in few countries and it didn't effect its growth. But however, if all the countries ban bitcoin from being used, then it will be a problem and only the darknet people will have access to it. It will become a major underground currency.Also normal people like me will get back to their day job and hope for a better future.
will many people are unemployed again, the economy in a country difficult to develop. many people who have bought bitcoin are losers because the bitcoin they buy has been banned.
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?
I just don’t see this happening since the government won’t have any way of controlling Bitcoin. Even if they do ban Bitcoin, it’s decentralized and no way of manipulating it. The only way I can see Bitcoin being stopped is if they would totally shut down the internet in a worldwide scale...which I think won’t ever happen. How do you think the community would react? What could be the possible solutions?
Bitcoin is freedom from the government. A ban cant be enforced because people will find a way to utilize the technology in some way.
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?
if the bitcoin banned all over the world i think we all users die.. but if the government of the world is did that the only one solution is convince them that bitcoin is a good currency to us and we got to pray in the name of jesus christ! that it not will never happen! How do you think the community would react? What could be the possible solutions?
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