I think Bitcoin will be difficult to be ban. Because almost all over the world there are many bitcoin users. Bitcoin will become more illegal and the risk will be higher. even like that..people will still use bitcoin as their investment and payment. Bitcoin has control so many side of the companies. The owner of the company will not let bitcoin to be ban or become something that will unprofitable for them.
I agree with you, bitcoin cannot easily to get banned because of the users who support on it which make bitcoin put in a popularity, no matter how government banned bitcoin into a particular place but people who believes it would definitely use it no matter what and hidden transactions would be made.That's why the adoption of bitcoin is slowed due to some countries still can't accept bitcoin.
Topic: What would happen if BTC was Banned? - page 13. (Read 65847 times)
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 bitcoin would be banned all around the world, it would be a disappointment for all of us who use bitcoin and some may even will demand for the bitcoin's legality in their country. We just need to let them understand how bitcoin is helpful not only for the people per se but also for the economy of one's country. We may be treated as developed country if we are using bitcoin in our country.How do you think the community would react? What could be the possible solutions?
maybe the forums will be confused maybe what to say there. and if it's banned really? may be a lot of trouble because others have not invested so they have no income yet? if banned really? would they give us a bitcoin? That's right. Hehe
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.
I think Bitcoin will be difficult to be ban. Because almost all over the world there are many bitcoin users. Bitcoin will become more illegal and the risk will be higher. even like that..people will still use bitcoin as their investment and payment. Bitcoin has control so many side of the companies. The owner of the company will not let bitcoin to be ban or become something that will unprofitable for them.
there would be a world war 3 hoho governments vs. Holders hoho
but seriously it would be really bad for some big fish out there even some big companies had invested on bitcoinds and other cryptocurrencies xD
but seriously it would be really bad for some big fish out there even some big companies had invested on bitcoinds and other cryptocurrencies xD
People will use it anyway cause they want to get money, but it must become anonymous and more serius. People will risk a freedom using bitcoin after ban.
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?
There's no point to left bitcoins. It still give us a lot of benefits even our government ban the bitcoin i would continue to use it since the there's no way to trace it, its untraceable. There's no way government reached on my place and arrest me as i have my bitcoin online. Not only me almost everyone do the same. They have invested , how can they left working with bitcoins ?
Are you sure? how are you gonna cash it out? As far as I know, we cannot live yet using bitcoin alone. It is useless to earn bitcoin when in the end the state is going to jail you, all your earnings for sure will be confiscated too. So better stop it if it is considered as illegal, or else, you're like those people who evade the law, they keep on running.
At this point, price is high and many investors are already in, if it will be banned, then many will probably will appeal to the government since their wealth is already at stake.
I think if it happens it will be very much bitcoin criminals of this world, a player bitcoin will not stop just because bitcoin be illegal, because it was so many people in this world whose lives depend on bitcoin 
I don't think that countries will initiate ban over the bitcoin in the future or now. Because now everyone trust on the technology and trying to implement for their own needs. Even Russia had taken back the ban over its people on bitcoin use. But if this happen, we are all in big trouble.
If Bitcoin is banned, bitcoiners would be criminals and the exchange rate would go up. That's about it.
I strongly agree on your opinion that, If Bitcoin is banned, bitcoiners would be criminals and the exchange rate would go up. That's about it. But on my opinion I think that, Bitcoin can't be banned permanently and totally. That is a fact, there will be always places where bitcoin will be fully legal. In addition, I would definitly continue to use it! Bitcoin can't be shut down unless they shut the internet down. They may turn us into criminals just for using it, but the community won't bend!
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?
i will loss my extra money and will back to work hard and earn low
bitcoin more flexible than stopped by simple banned from one government
Ban where? you can't Ban Bitcoin worldwide its very very impossible if they cant regulate bitcoin how much more banning it? Crypto currency is already been a medium of buying, paying bills and other services online. even this will become illegal this would be hard to totally shutdown because no single server where coin are being stored it is decentralized
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 bitcoin would be banned all around the world, it would be a disappointment for all of us who use bitcoin and some may even will demand for the bitcoin's legality in their country. We just need to let them understand how bitcoin is helpful not only for the people per se but also for the economy of one's country. We may be treated as developed country if we are using bitcoin in our country. How do you think the community would react? What could be the possible solutions?
If bitcoin is banned and we continue to use it, we will be considered criminals and will be threatened with layered legal consequences, this is a disadvantage especially for miners and people who depend on crypto currency, but I think this possibility is very small unless the government makes a special successor and replace the version of their own business crypto system.
I don't think that the government will take on this responsibility...too many people use it and these interested people will be displeased with the ban...and what dissatisfied people do? - they rebel
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.
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?
There's no point to left bitcoins. It still give us a lot of benefits even our government ban the bitcoin i would continue to use it since the there's no way to trace it, its untraceable. There's no way government reached on my place and arrest me as i have my bitcoin online. Not only me almost everyone do the same. They have invested , how can they left working with bitcoins ?
Are you sure? how are you gonna cash it out? As far as I know, we cannot live yet using bitcoin alone. It is useless to earn bitcoin when in the end the state is going to jail you, all your earnings for sure will be confiscated too. So better stop it if it is considered as illegal, or else, you're like those people who evade the law, they keep on running.
At this point, price is high and many investors are already in, if it will be banned, then many will probably will appeal to the government since their wealth is already at stake.
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?
There's no point to left bitcoins. It still give us a lot of benefits even our government ban the bitcoin i would continue to use it since the there's no way to trace it, its untraceable. There's no way government reached on my place and arrest me as i have my bitcoin online. Not only me almost everyone do the same. They have invested , how can they left working with bitcoins ?
there will really be chaos, because so many people use it and raise a riot...
Yes, but the effect will not for long time. Bitcoin still spread although many countries are not recognize bitcoin. Bitcoin directly spread to the community without need for government approval. If government ban bitcoin, it will make many investors afraid and sell it, but bitcoin has many users that will always hold their bitcoin because they are sure that bitcoin will become very valuable in the future.Banning bitcoin is not a solution honestly. This is a value for the entire world and nobody can regulate this by banning or restricting. Some countires tried this but they didn't reach any significant results.
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