An easy answer.
It is money and investment why would people from those strict countries will give up? they can go to other countries where they can trade and sell it without any problem.
Have their money remitted to any of their relatives on their country.
Topic: Will people who ban Bitcoin in some countries give up Bitcoin? - page 5. (Read 936 times)
Some countries now ban the use of Bitcoin, or banks restrict cryptocurrency transactions, resulting in an increase in the number of long-term Bitcoin holders.
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
Doesnt mean that if bitcoin is banned on your country there are no other ways or methods that you could sell off your coin? You can always do p2p and due to decentralized For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
characteristics of bitcoin then tracking every movement would be nearly impossible so im not seeing for it to be a main concern and also you can always opt in to hold
and accumulate even if its banned in your country and thats the beauty of decentralization.
You can find ways if you wanted to and not just easily give up and act that its over when it gets banned on a certain place.
People who ban Bitcoin?
As far as I understand, only the government can ban Bitcoin in a country.
Please check again your sentence, I guess something wrong there.
If in a country, Bitcoin is prohibited by the government and banks are following to restrict the transaction related to Bitcoin, surely people who are holding Bitcoin to feel worried. What for they holding it if they cannot transfer the profit or convert it to their national currency. In this situation, I think many people will leave it gradually.
As far as I understand, only the government can ban Bitcoin in a country.
Please check again your sentence, I guess something wrong there.
If in a country, Bitcoin is prohibited by the government and banks are following to restrict the transaction related to Bitcoin, surely people who are holding Bitcoin to feel worried. What for they holding it if they cannot transfer the profit or convert it to their national currency. In this situation, I think many people will leave it gradually.
we cant say long term because the duration for the ban can be shorter than what we expect .
it can also be a blessing in disguise if the ban runs longer because this can make us hodl longer if we never did it before and by the time the government is ready to accept btc again , the value of btc have soared up much . no point of giving up as long as we are breathing and as long as btc was legal on other countries .
it can also be a blessing in disguise if the ban runs longer because this can make us hodl longer if we never did it before and by the time the government is ready to accept btc again , the value of btc have soared up much . no point of giving up as long as we are breathing and as long as btc was legal on other countries .
Some countries now ban the use of Bitcoin, or banks restrict cryptocurrency transactions, resulting in an increase in the number of long-term Bitcoin holders.
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
If there are no other known alternatives to trade or use btc directly for transactions then maybe such people may consider given it up to avoid any punishment this might bring them, once a government of a country is determined to impose restrictions on certain economic activities in a country, they often try to make such restrictions very hard for anyone to penetrate or to bypass, they can use their power to frustrate the citizens into given up participating in crypto, if there are no possibilities to trade or use btc then whatbis the essence of holding! I think the only option is to relocate to a more crypto friendly country, for those who can.
It is a sad and regrettable situation when a country prohibits bitcoin and it makes no sense to take such actions unless it is clear when it is a dictator country that wants to take control of its people. china, russia are and many countries in africa are countries with dismal governments where there is democracy in disguise, high government control over its citizens. but if we look at the evolution of bitcoin we can hope that in the future at least most countries in africa and the world (except from china and russia) will be able to accept bitcoin without any problems.
my advice to people living in china would be that if you have any business related to bitcoin that generates a lot of money then the best choice would be to leave china and live in a bitcoin friendly country, because i doubt that in 5 to 8 years china accept bitcoin
my advice to people living in china would be that if you have any business related to bitcoin that generates a lot of money then the best choice would be to leave china and live in a bitcoin friendly country, because i doubt that in 5 to 8 years china accept bitcoin
Some countries now ban the use of Bitcoin, or banks restrict cryptocurrency transactions, resulting in an increase in the number of long-term Bitcoin holders.
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
I guess the title of this thread, or rather the answer to the question severely depends on the penalty you have to fear and the necessity you might have to use Bitcoin. For some people in some countries Bitcoin might be the only option to bring to their assets to safety. If the penalty is low enough you might ignore regulations.
However, the countries that do Bitcoin aren't really known for being easy going on those who break the law. I am not so sure if I would try to play around with the Chinese government to be honest.
Naturally any legal unfriendliness towards crypto is going to dissuade certain people from participating in the space... the important thing is that so long as this is not universal it's not going to get in the way of further adoption of bitcoin and crypto.
Short answer is yes. Some people fear the so-called consequences and decide not to take the risk. They are part of the minority though. The majority don't care about such threats and continue trading.
If they aren't able to trade through exchanges, they move to P2P platforms. If they aren't able to trade through P2P platforms, they shift to OTC trading. There are other solutions too in order to evade the ban.
If they aren't able to trade through exchanges, they move to P2P platforms. If they aren't able to trade through P2P platforms, they shift to OTC trading. There are other solutions too in order to evade the ban.
Some countries now ban the use of Bitcoin, or banks restrict cryptocurrency transactions, resulting in an increase in the number of long-term Bitcoin holders.
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
There will be some that will prefer to sell their coins before the ban takes place or a little bit after it comes in effect, this is completely natural but if I were in that situation I know that I will just hold my coins, after all if you are just holding your coins then there is no chance that you are going to get caught unless you openly admit that you are holding bitcoin, and then two things can happen, bitcoin is made legal once again or the price of bitcoin is so high that you can justify moving to another country and sell your coins there. For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
If it were me, I would continue to participate in the BTC market because I am not afraid of any prohibitive regulations in my country, it seems that some people give up because of fear of the law but I myself have never given up leave this.
Some countries now ban the use of Bitcoin, or banks restrict cryptocurrency transactions, resulting in an increase in the number of long-term Bitcoin holders.
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
if I was a Chinese citizen and something like this happened to me then I would use p2p exchange...For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
Besides that, if p2p is not possible, then I will hold it until the government changes its policy. only these two methods that I think are suitable for me when these conditions happen.
Some countries now ban the use of Bitcoin, or banks restrict cryptocurrency transactions, resulting in an increase in the number of long-term Bitcoin holders.
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
That's more of an individual choice. When a country decides to ban something the citizens only have two options.
Either follow the law and stop using that thing or go against the law and still use that thing illegally. So the citizens would have to choose which one they prefer.
I would probably sell some and keep some for the long term if such a situation occurs in my country.
Giving up entirely would be a bad choice in my opinion. These are the tactics the governments play and we shouldn't fall for such traps.
The countries that will ban and give up bitcoin will usually depend on that country bitcoin will give up if it is not valid because they will not be able to transact. In addition the central bank has warned that customers transacting through online networks may face various risks including the potential financial and legal risks of virtual currency. Asked whether the bank would take any action on bitcoin in the future he said the bank has no plans yet probably a factor as to why they're doing so poorly.
In countries where bitcoin is banned, person to person transactions become a popular alternative, because it involves only two parties without any need for an exchange or middleman, decreasing the risks of being spotted by the government, although it's also a very risky deal depending with who the person is trading, since the other person can be a scammer or a bitcoin trader who do it often with many different people, increasing the chances of being already tracked by authorities.Even though it's possible to deal with bitcoins in a country which is hostile to crypto currency, it's a very nasty situation, because people need to do it in secret and always worrying about being caught. There isn't naturality or satisfaction on it. I really feel sorry for people who live in such countries and have to pass through this situation to be able to deal with bitcoin.
The countries that will ban and give up bitcoin will usually depend on that country bitcoin will give up if it is not valid because they will not be able to transact. In addition the central bank has warned that customers transacting through online networks may face various risks including the potential financial and legal risks of virtual currency. Asked whether the bank would take any action on bitcoin in the future he said the bank has no plans yet probably a factor as to why they're doing so poorly.
It is not new. we all know that several countries in the world still ban or don't legalize Bitcoin. And moreover, they are against Bitcoin and spreading more FUD in order to stop Bitcoin. But, can they?
No, of course.
they may have some impact on Bitcoin, but they cannot stop BTC.
we cannot also force them to like Bitcoin and another crypto. it is not only countries but also some people also dislike Bitcoin because of certain interest and also goals.
however, I am sure that this is about time, there are many countries that have legalized Bitcoin after some years banning BTC.
No, of course.
they may have some impact on Bitcoin, but they cannot stop BTC.
we cannot also force them to like Bitcoin and another crypto. it is not only countries but also some people also dislike Bitcoin because of certain interest and also goals.
however, I am sure that this is about time, there are many countries that have legalized Bitcoin after some years banning BTC.
I think it depends on many factors. If we're talking about China, it has an authoritarian regime, which means people will probably follow the rules. However, it seems that for now individual usage of cryptos as well as production (but not usage) of mining equipment is allowed there. If it's not allowed, I think the behavior of the majority of current crypto users in China depends on how much of a crime possessing cryptos becomes. If you get fined below $100, I think many will keep using it. If you can get imprisoned, most would probably quit using it.
If usage of cryptos is going to be restricted rather than outright prosecuted in China (similar to how many websites are blocked, but you can use a VPN to access them, and it's not illegal even), then most will probably continue using cryptos there.
If usage of cryptos is going to be restricted rather than outright prosecuted in China (similar to how many websites are blocked, but you can use a VPN to access them, and it's not illegal even), then most will probably continue using cryptos there.
Some countries now ban the use of Bitcoin, or banks restrict cryptocurrency transactions, resulting in an increase in the number of long-term Bitcoin holders.
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
As long as you don't move your coins, the government won't be able to find out who owns them. But at some point, you need to convert your coins to fiat. If you own considerable amounts, then the safest option is to travel to a country where Bitcoin is 100% legal (such as El Salvador and Japan) and sell the coins there. But small holders can't use this option. It is not economically viable for them to travel to another country, just to book their profit. And this is where it gets risky. They can always go for P2P platforms, but there is no guarantee that the government won't be able to track them.
Advisable for those who got a lots of savings into crypto, but like what you said small traders and holders can't do this,
travelling to those mentioned countries needs a lots of money.
You can take do the alternat ways, finding people who also have interest with crypto and sell your coins thru p2p with them
just be careful and furios.
Some countries now ban the use of Bitcoin, or banks restrict cryptocurrency transactions, resulting in an increase in the number of long-term Bitcoin holders.
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?
As long as you don't move your coins, the government won't be able to find out who owns them. But at some point, you need to convert your coins to fiat. If you own considerable amounts, then the safest option is to travel to a country where Bitcoin is 100% legal (such as El Salvador and Japan) and sell the coins there. But small holders can't use this option. It is not economically viable for them to travel to another country, just to book their profit. And this is where it gets risky. They can always go for P2P platforms, but there is no guarantee that the government won't be able to track them.
Advisable for those who got a lots of savings into crypto, but like what you said small traders and holders can't do this,
travelling to those mentioned countries needs a lots of money.
You can take do the alternat ways, finding people who also have interest with crypto and sell your coins thru p2p with them
just be careful and furios.
~
Well not too anxious for me that I would not consider finding alternatives of how can I get more Bitcoin actually. There are more ways to get Bitcoins even if the government prohibits it.Use VPN or just do a P2P trade with other people around your area. With the combination of both, it will feel like the ban never happened in the first place actually.
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