If government says that bitcoin is illegal, then it will be a problem to use it. Even if it has a huge potential to grow in price but I don't want to do any illegal things.
So, if the government declares bitcoin as illegal, I will probably sell off my holdings at current rate and enjoy with that money and nothing else.
Topic: Would you keepuse Bitcoin if government says bitcoin is illegal in your country? - page 3. (Read 5648 times)
September 02, 2016, 10:32:45 AM
September 02, 2016, 10:22:41 AM
If it really has a big punishment like I will be imprisoned if I'm caught using it then I will not use bitcoin. I will just find another way to have income and be free than suffer because I insist in using something that's illegal. May be I will shift to another cryptocurrency that is not illegal and then gain from there. There will always be a way if I look hard enough.
I agree, if it were a significant amount of jail time I would just sell all of them. But if it was some vague law where I didn’t think I would get caught I would just keep them. Government saying bitcoin is illegal is not going to happen though. September 02, 2016, 12:48:03 AM
I might keep some in an offline wallet and leave it alone for a while. If they're like Russia, they'll flip and flop on deciding whether they want to support Bitcoin and other cryptocurrencies or not.
I wouldn't be surprised to see some state-sanctioned cryptocurrencies very soon in an attempt to compete. There have already been some announcements of pilot projects.
I wouldn't be surprised to see some state-sanctioned cryptocurrencies very soon in an attempt to compete. There have already been some announcements of pilot projects.
September 02, 2016, 12:26:23 AM
If it really has a big punishment like I will be imprisoned if I'm caught using it then I will not use bitcoin. I will just find another way to have income and be free than suffer because I insist in using something that's illegal. May be I will shift to another cryptocurrency that is not illegal and then gain from there. There will always be a way if I look hard enough.
I agree, if it were a significant amount of jail time I would just sell all of them. But if it was some vague law where I didn’t think I would get caught I would just keep them. Government saying bitcoin is illegal is not going to happen though. 
September 01, 2016, 09:46:32 AM
Most of the governments will never allow bitcoin to be legal in their country. Because Government wants to control the power of people. So they will not allow free distribution of money to their people. Instead they will try to capture the source of it and enjoy it's benefits.
However, due to the technological complexities, most of the government is not bothered by bitcoin. That's a good thing.
I think they will. It has already shown great promise, even in lands where bitcoin is illegal, people are still using it to make money because they need to live. Where there’s a will there’s a way. Bitcoin is the way out of poverty for many people. However, due to the technological complexities, most of the government is not bothered by bitcoin. That's a good thing.
September 01, 2016, 08:27:25 AM
I think i have to fight for our rights lol. They cant just consider bitcoin as illegal even if it is used in legit ways like mining amg shopping but if do so then i have no choice at all
Of course. As a legit citizen of your country, you have every right to make a complain and be vocal about it.
But still, if the government says so, it is an ultimatum especially in a non-democratic country.
September 01, 2016, 06:41:23 AM
yes I would break the law and I would continue use bitcoin as my country's currency doesn't allow me to earn money but bitcoin allow to earn money by mining, faucet, trading and by many other, so even if it becomes illegal I would continue using bitcoin
September 01, 2016, 06:38:00 AM
I would leave the country rather. What's illegal with bitcoin, those old man who decides that bitcoin is illegal, I think they should jump in well and die. Its we human who had created this and we are using this do what's illegal
September 01, 2016, 05:02:24 AM
No my trust in my country is greater than my trust in bitcoin, but depending on the country I could understand if you vote yet. My country wouldn't ban it without a good reason or atleast that's how I feel.
Yeah but imagine getting punished I'm not sure yet. It depends what the law would say and how high the punishment would be. I'm all for freedom but I don't want to risk going to jail or getting a big fine 
September 01, 2016, 04:53:06 AM
Government policy does not mean anything, they just say without acting. so I was free to use bitcoin, although bitcoin deemed illegal.
September 01, 2016, 03:37:41 AM
No my trust in my country is greater than my trust in bitcoin, but depending on the country I could understand if you vote yet. My country wouldn't ban it without a good reason or atleast that's how I feel.
September 01, 2016, 03:32:44 AM
of course i would be using it in my opinion, it is the best currency ever
+1 Can't forbid me to buy virtual coins for my own money and trade them back in, that would be nonsense.. I'd buy even more to piss them off lol
September 01, 2016, 03:29:39 AM
If a country government bans bitcoin, I believe their people should also stop using it. Most governments are just trying to find loopholes and trying to trap people in paying fines if the rules are broken. If your country is such then you should stop using bitcoin immediately. The government will keep a tap on these people not following their orders and then nab them when the accumulated sum becomes large and ask for a huge fine.
September 01, 2016, 02:59:15 AM
Maybe I will continue using bitcoin even if it start be illegal in my country but if more and more countries does not allow bitcoin to be used then the number of people using bitcoin will decrease very deep then bitcoin will be useless and maybe I will stop using it.
Depends on the situation or level of banning they implemented on bitcoin. I mean, if they do ban it as in physical use of bitcoin, then of course I'll still use bitcoin, only that I won't be able to convert them to fiat anymore.However, if they completely ban bitcoin even just simply visiting bitcoin-related websites, then I don't know. I may use VPS to bypass and not be traced for doing so.
Exactly it will all depend on the regulations applied of the said country on bitcoin. Like I stated in my previous post, if it was just stated as illegal but no regulations about it then people can still use bitcoin.
September 01, 2016, 02:56:26 AM
It is not illegal in my country so I would still use bitcoin as long as I can. I could do buy things with it online and I couod also pay my bills using bitcoin. It would not be declared illegal because in our country banks, 711 store, and cash remittances were using and acknowledging bitcoin as mode of payments. If ever that there would be a time that they would ban it, I would comply but there should be alternative for it.
September 01, 2016, 02:49:19 AM
for me it depend on my own life's risk. if I found enough ways to keep my self anonymous and untraceable from government I may still use it. but if I found I can't hide my self and possible can get jailed I would probably quite using bitcoin..
i would be still using it, it is not an illegal think and it shouldnt be banned i think
You can't say it shouldn't be. gov can do anything. they can ban bitcoin if they found that bitcoin is becoming a threat for their Banks, businesses and their own currency. September 01, 2016, 02:10:24 AM
I think i have to fight for our rights lol. They cant just consider bitcoin as illegal even if it is used in legit ways like mining amg shopping but if do so then i have no choice at all
Well, it is always stated that "our rights ends when others rights starts"... Therefore, if government has a plan, then we have nothing to do with it, we have no choice but to follow, but since most of us is resilient enough, I think even if it is declared as illegal I think we will still pursue to collect bitcoin... There is always a way for things that could possibly make us alive or survive in life...
Yes , for me as long as we keep on using it on legal ways then there would be no ways that bitcoin will be considered as illegal by our government and i think they will support us instead
Yup... I hope no bank heist or any crime in the internet that could involve bitcoin... That way there is no reason for the government to monitor or ban the use of bitcoin... For now, I think it's just fine even if the government won't support bitcoin, as long as they are not planning to impose harsh move against bitcoin...
Absolutely but if the government will monitor bitcoin then i think there would be no problem for that. It only means thst they are starting to recognized bitcoin which is good for us
August 31, 2016, 02:58:15 PM
In my country, using torrents to download movies and TV programs are illegal. But no one seems to bother about the ban. Almost everyone is using torrents to download whatever they want. The same will happen with Bitcoin as well. Even if the government bans it, no one is going to give any importance to it. Business will go on, as usual.
August 31, 2016, 02:46:55 PM
i would be still using it, it is not an illegal think and it shouldnt be banned i think
August 31, 2016, 02:34:18 PM
Maybe I will continue using bitcoin even if it start be illegal in my country but if more and more countries does not allow bitcoin to be used then the number of people using bitcoin will decrease very deep then bitcoin will be useless and maybe I will stop using it.
Depends on the situation or level of banning they implemented on bitcoin. I mean, if they do ban it as in physical use of bitcoin, then of course I'll still use bitcoin, only that I won't be able to convert them to fiat anymore.However, if they completely ban bitcoin even just simply visiting bitcoin-related websites, then I don't know. I may use VPS to bypass and not be traced for doing so.
Exactly it will all depend on the regulations applied of the said country on bitcoin. Like I stated in my previous post, if it was just stated as illegal but no regulations about it then people can still use bitcoin.
If there's a regulation about bitcoin being banned on the said country, withdrawing and converting bitcoin to their respective fiat will really goes now in a hard way.
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