Topic: Will You Still Get Into Bitcoin Even if the Gov't Declared it Illegal? (Read 398 times)
January 13, 2018, 05:53:25 PM
No, I will totally detach myself from crypto-world if my country declares BTC or Crypto illegal. It is because I don't want to take risk of my life just to earn few Bitcoin which I can't even convert into my country's fiat as it is illegal. So there is no point of taking the risk just to be digitally rich which can put me in jail also.
January 13, 2018, 04:37:42 AM
This just shows how antifragile Bitcoin is to political attacks.
I wholeheartedly agree with your statement. If one of the superpowers like the US decides
to ban Bitcoin it immediately becomes very attractive for other superpowers like Russia
or China to start to support Bitcoin publicly. This feature really serves as a defense against
potential enemies in the form of individual states.
I wholeheartedly agree with your statement. If one of the superpowers like the US decides
to ban Bitcoin it immediately becomes very attractive for other superpowers like Russia
or China to start to support Bitcoin publicly. This feature really serves as a defense against
potential enemies in the form of individual states.
If the US bans BTC China and Russia can't do ...you know what.
What will make that coin attractive?
A coin that is refused by 300 millions with the highest purchase power in the world?
Hasn't the whole China ban proved one thing?
That the real power and the real money source for bitcoin growth is in the west?
Nobody cares about China, and of course not about Russia!!!!
Oh, did you use the world superpower? Russia? With an economy smaller than that of Netherlands?
Get real.
If the US bans BTC usage entirely get ready for 10$ a coin.
If my government ban Bitcoin to used in my country it is quit complicated because the problem is you don't have the bitcoin to fiat exchanger that can process your transaction.but since is p2p transactions and known to have no boundary you can kept your Bitcoin in your electronic wallet and you can bring it anywhere in the world and you can use it in the countries that is bitcoin friendly country. The beauty of this currency is for being no boundary and anonymous as long as there is an internet you can use it any time anywhere you want. so government can get nothing banning Bitrcoin.
Probably you should read the laws a bit.
Even if you use your coins over the internet for a website in another country, you still commit a felony.
Just like a us citizen betting on an uk betting website is considered illegal.
January 12, 2018, 02:19:03 PM
No, I will get out of Bitcoin If govt. declare it illegal because I don't want to be a culprit and face any consequences of using BTC in future. If govt. implies strictly ban the BTC and this law has been implied effective then I will withdraw all my BTC into fiat.
January 12, 2018, 01:06:30 PM
Honestly, I would not. Once it gets illegal, I can do nothing but going back to my normal life hoping that they would legalize it one day. And at the moment, bitcoin is neither legal nor illegal. I can use it for whatever purpose I want as long as I do not use it for illegal purposes like buying drugs.
Moreover, the government would not get any benefits from banning bitcoin because it would prevent many people from working. And if they were not working, they would complain to the government about being unemployed. Therefore, they would rise an issue to the government.
True, if bitcoin is forbidden, we can not do anything except leave this activity. Moreover, the government would not get any benefits from banning bitcoin because it would prevent many people from working. And if they were not working, they would complain to the government about being unemployed. Therefore, they would rise an issue to the government.
Because if it continues to do it would be a big risk
January 11, 2018, 09:02:40 AM
Honestly, I would not. Once it gets illegal, I can do nothing but going back to my normal life hoping that they would legalize it one day. And at the moment, bitcoin is neither legal nor illegal. I can use it for whatever purpose I want as long as I do not use it for illegal purposes like buying drugs.
Moreover, the government would not get any benefits from banning bitcoin because it would prevent many people from working. And if they were not working, they would complain to the government about being unemployed. Therefore, they would rise an issue to the government.
True, if bitcoin is forbidden, we can not do anything except leave this activity. Moreover, the government would not get any benefits from banning bitcoin because it would prevent many people from working. And if they were not working, they would complain to the government about being unemployed. Therefore, they would rise an issue to the government.
Because if it continues to do it would be a big risk
January 11, 2018, 12:50:37 AM
Honestly, I would not. Once it gets illegal, I can do nothing but going back to my normal life hoping that they would legalize it one day. And at the moment, bitcoin is neither legal nor illegal. I can use it for whatever purpose I want as long as I do not use it for illegal purposes like buying drugs.
Moreover, the government would not get any benefits from banning bitcoin because it would prevent many people from working. And if they were not working, they would complain to the government about being unemployed. Therefore, they would rise an issue to the government.
True, if bitcoin is forbidden, we can not do anything except leave this activity. Moreover, the government would not get any benefits from banning bitcoin because it would prevent many people from working. And if they were not working, they would complain to the government about being unemployed. Therefore, they would rise an issue to the government.
Because if it continues to do it would be a big risk
January 10, 2018, 03:20:38 PM
Honestly, I would not. Once it gets illegal, I can do nothing but going back to my normal life hoping that they would legalize it one day. And at the moment, bitcoin is neither legal nor illegal. I can use it for whatever purpose I want as long as I do not use it for illegal purposes like buying drugs.
Moreover, the government would not get any benefits from banning bitcoin because it would prevent many people from working. And if they were not working, they would complain to the government about being unemployed. Therefore, they would rise an issue to the government.
Moreover, the government would not get any benefits from banning bitcoin because it would prevent many people from working. And if they were not working, they would complain to the government about being unemployed. Therefore, they would rise an issue to the government.
January 09, 2018, 05:07:21 PM
I'm already in. Would I leave? I don't really see why I should when it was perfectly legal when I arrived. And the coinciding announcement would wallop the price so much there wouldn't be much point in selling. I'll just nip off abroad. There'll be plenty of jurisdictions where it's fine and I can bring all my trillions with me on a piece of paper with a few words on it.
That's easy to say when Morocco or Vietnam talks about banning Bitcoin. What if the USA, Britain, Australia and others coordinated a ban? Then your options to move abroad become much less attractive.
And such coordinated state attacks against the network should take a nice bite out of the price, too. I suspect that Bitcoin would still have market demand in that case, but not the type of demand we see today, which is based on speculation of Wall Street and mainstream adoption.
January 09, 2018, 02:23:33 PM
The ban of bitcoin in one or several countries will not have consequences. To earn bitcoin on the Internet outside the jurisdiction of these countries. You can always go to another country to cash out bitcoins and to return to the country with Fiat. This creates additional inconvenience but does not stop the use of cryptocurrencies.
Government should support this great technology or they are just being scared because its Decentralized. I will keep on holding my bitcoin because I know time will come that more people will accept bitcoin and it includes every government. Cryptocurrency is a digital currency thay will makes us more better.
January 09, 2018, 09:08:25 AM
The ban of bitcoin in one or several countries will not have consequences. To earn bitcoin on the Internet outside the jurisdiction of these countries. You can always go to another country to cash out bitcoins and to return to the country with Fiat. This creates additional inconvenience but does not stop the use of cryptocurrencies.
Government should support this great technology or they are just being scared because its Decentralized. I will keep on holding my bitcoin because I know time will come that more people will accept bitcoin and it includes every government. Cryptocurrency is a digital currency thay will makes us more better.
January 09, 2018, 05:43:26 AM
The ban of bitcoin in one or several countries will not have consequences. To earn bitcoin on the Internet outside the jurisdiction of these countries. You can always go to another country to cash out bitcoins and to return to the country with Fiat. This creates additional inconvenience but does not stop the use of cryptocurrencies.
January 09, 2018, 01:39:22 AM
For me personally, I'm more thinking as long as I don't to harmful to the others people or deceiving people / committing crime with using bitcoin as a media, I will remain in it.
Anyway.. in the country where I live hasn't really banning completely to engage with bitcoin, the goverment only reminds to be cautious in the activities undertaken and not ban to selling it to local currency. I don't think it seems would be banning completely, due Bitcoin can helping a finances & reducing poverty.
If it's completely banned.. as a good citizen maybe I will follow the rules and stop engaging with bitcoin.
And for now, I can only take the advantage of the situation as best I can do to gain profit from bitcoin earnings / crypto currency.
Anyway.. in the country where I live hasn't really banning completely to engage with bitcoin, the goverment only reminds to be cautious in the activities undertaken and not ban to selling it to local currency. I don't think it seems would be banning completely, due Bitcoin can helping a finances & reducing poverty.
If it's completely banned.. as a good citizen maybe I will follow the rules and stop engaging with bitcoin.
And for now, I can only take the advantage of the situation as best I can do to gain profit from bitcoin earnings / crypto currency.
Maybe for the benefit of your reputations you can stop using bitcoin in general spending, but I don't think you will stop yourself in earning bitcoin for your personal use and digital wealth online. Because I think that bitcoin if become illegal in the country from where you're residing of, you will not be having a resistance of using the internet. Nowadays we could be able to use internet anonymously, so bitcoin transaction can be still done but in a confidential matters.
January 08, 2018, 11:23:42 PM
For me personally, I'm more thinking as long as I don't to harmful to the others people or deceiving people / committing crime with using bitcoin as a media, I will remain in it.
Anyway.. in the country where I live hasn't really banning completely to engage with bitcoin, the goverment only reminds to be cautious in the activities undertaken and not ban to selling it to local currency. I don't think it seems would be banning completely, due Bitcoin can helping a finances & reducing poverty.
If it's completely banned.. as a good citizen maybe I will follow the rules and stop engaging with bitcoin.
And for now, I can only take the advantage of the situation as best I can do to gain profit from bitcoin earnings / crypto currency.
Anyway.. in the country where I live hasn't really banning completely to engage with bitcoin, the goverment only reminds to be cautious in the activities undertaken and not ban to selling it to local currency. I don't think it seems would be banning completely, due Bitcoin can helping a finances & reducing poverty.
If it's completely banned.. as a good citizen maybe I will follow the rules and stop engaging with bitcoin.
And for now, I can only take the advantage of the situation as best I can do to gain profit from bitcoin earnings / crypto currency.
January 08, 2018, 05:29:16 PM
...If some governments ban it there will always be others that will endorse it.
This just shows how antifragile Bitcoin is to political attacks.
I wholeheartedly agree with your statement. If one of the superpowers like the US decides
to ban Bitcoin it immediately becomes very attractive for other superpowers like Russia
or China to start to support Bitcoin publicly. This feature really serves as a defense against
potential enemies in the form of individual states.
However, none of the superpowers have really banned Bitcoin so far and only
certain small countries like Morocco or Vietnam have done it, which hasn´t really
impacted Bitcoin adoption in these countries. They were negligible in terms of Bitcoin
adoption to begin with. This decision could really hurt these countries in the long-term in my
opinion.
January 08, 2018, 03:20:52 PM
Oh but they can!!!
Most people here haven't lived in a totalitarian regime , or a communist country.
They can stop everything!!!!
Power, tv,cellphones, water,gas and ...food!
Check out some pictures from the "education" camps.
One week in one of those and I'm willing to bet you would shout 2/47 "Bitcoin is a ponzi!!!".
People have this idiotic idea that the internet is free, that nothing can shut down the internet.
If we indeed manege to make the wrong choice and elect some stupid dimwits in the EU and US (really dimwits) that are against BTC you will see how it can be stopped.
Fortunately Europe is not Bangladesh or Nepal.
Most people here haven't lived in a totalitarian regime , or a communist country.
They can stop everything!!!!
Power, tv,cellphones, water,gas and ...food!
Check out some pictures from the "education" camps.
One week in one of those and I'm willing to bet you would shout 2/47 "Bitcoin is a ponzi!!!".
People have this idiotic idea that the internet is free, that nothing can shut down the internet.
If we indeed manege to make the wrong choice and elect some stupid dimwits in the EU and US (really dimwits) that are against BTC you will see how it can be stopped.
Fortunately Europe is not Bangladesh or Nepal.
We already have. In Europe Merkel and Macron are indirectly committing genocide on their own people by inviting more terrorists into their countries and making the taxpayers cover their expenses. As a result they have to increase the spending on police and army to fight those terrorists in their own countries and clean up after each new attack. And there are attacks basically every month.
As for the governments going against BTC, it will never happen globally. The world has always been divided, that's why we had wars. Some countries have nuclear weapons and some are against them. If some governments ban it there will always be others that will endorse it.
January 08, 2018, 02:51:31 PM
Bitcoin and other cryptocurrencies are right now making a big buzz and though 2017 is one of its most controversial year there are still more with this industry that will continue on creating a stir as it is entering the mainstream of the population. because of its increasing popularity, countries and their financial leaders are now forced to look at Bitcoin seriously and come up with the decision either to open up their country legally or follow the path decide on by China last September. The choice is theirs to make as we individually could not do so much about it except voicing our opinions if given the chance to say anything. Certainly, there are countries which do not recognize Bitcoin and are asking their citizens not to get involved with it warning that Bitcoin can be just another ponzi in the making.
Now, if you happen to be a residing citizen of a country that is banning Bitcoin will you still discreetly involved with it in the face of some possible sanctions?
January 08, 2018, 02:14:49 PM
Bitcoin and other cryptocurrencies are right now making a big buzz and though 2017 is one of its most controversial year there are still more with this industry that will continue on creating a stir as it is entering the mainstream of the population. because of its increasing popularity, countries and their financial leaders are now forced to look at Bitcoin seriously and come up with the decision either to open up their country legally or follow the path decide on by China last September. The choice is theirs to make as we individually could not do so much about it except voicing our opinions if given the chance to say anything. Certainly, there are countries which do not recognize Bitcoin and are asking their citizens not to get involved with it warning that Bitcoin can be just another ponzi in the making.
Now, if you happen to be a residing citizen of a country that is banning Bitcoin will you still discreetly involved with it in the face of some possible sanctions?
January 08, 2018, 02:14:32 PM
Yes I still get bitcoin. For me bitcoin is still investment and asset for my future. Bitcoin not stable yet, but every day is increase.
I sure one by one country, the government will legalized bitcoin in the future.
I sure one by one country, the government will legalized bitcoin in the future.
January 08, 2018, 01:55:31 PM
if the government of your country banish bitcoin then nothing that the people of that country can do, because banks, exchange and all actors that directly or indirectly allow you to buy and sell bitcoin will not accept that you buy and sell bitcoins. see for example my case, I am from a country that is restricted to using bitcoin debit card, so I can spend my bitcoins in my country I have to pay many fees and do lots of processes. Sometimes it becomes very annoying the processes that I must do so that I have my bitcoins in my bank account of my country.
But still you can get out your money, i guess. if you have bitcoins in your wallet, you can visit nearby country where it s legal, you just go and convert bitcoins to USD or any other currency that you like
January 08, 2018, 12:40:47 PM
I'm already in. Would I leave? I don't really see why I should when it was perfectly legal when I arrived. And the coinciding announcement would wallop the price so much there wouldn't be much point in selling. I'll just nip off abroad. There'll be plenty of jurisdictions where it's fine and I can bring all my trillions with me on a piece of paper with a few words on it.
Jump to: