What if Government bans Bitcoins?

[kevinjulio]

there 's  are some countries ban bitcoins but  impossible all governments ban bitcoins coz its a currency and many people accepted this kind of currency   this helps the grow of economy's

It is true, some countries have already started to receive even making it an instrument for payment. but not a few others still refused to accept. because basically, the value of bitcoin itself is still fickle, making it difficult to determine its value.

[Hexsas]

I don't think, crypto is technology for the future, and I think in the future the government will accept bitcoin technology, maybe it will take a long time, but technology will win.

[Garuda]

If this ban is made in my country, surely traders from my country will sell it. Some traders will experience a loss because we know that the current coin price is falling. But, I think not all governments in all countries will ban bitcoin, as long as there is no element of crime in bitcoin.

[expander]

That's so bad. but hopefully that doesn't happen. But it also might happen, because now there are many people who are losing money in this matter. especially Projects that are Scam and fail. I hope the government doesn't pay much attention in this matter. on the other hand the Government is also difficult to monitor the development of Bitcoin so far. maybe it's our fortress to stay in the Crypto business.

[Moykoy]

the government will not block sites related to bitcoin. But it may be blocked if there are clear reasons. So far, I don't think there will be a blocking site linking bitcoin,

[rapheal]

If government ban the use of bitcoin or other from of crypto currency,it will still continue to be existing and trading because BTC is decentralized in nature and not easy to control by andybody.

[Tristanerus]

Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??

Actually, in my perception if the internet connection will going to ban as well by the government, bitcoin for sure will not able to used. In some site also will gone like facebook, twitter , google, youtube and etc.

[212]

bitcoin is closely associated with the internet and social media. It could even be said with the media is bitcoin grow and develop. where is global so that it involves many countries, although one country bans have not definitely applied in other countries. because of this return to the rules and the interests of their respective countries. so bitcoin will still remain alive because is global.

[Setyo]

I think if the government prohibits bitcoin then the Government must be prepared to provide employment for unemployed people. For him, because bitcoin provides a source of income for the unemployed population of a country, so for me, it is better for the government to accept bitcoin and not forbid it. Because bitcoin can reduce unemployment.

[micjoh]

Right now some country already banned bitcoin.The government will not take a risk for their people,they still closing their door to bitcoin.In some country blocking sites that related to bitcoin can be happen too although I never heard about it till now.but we can not ignore the possibility that might be come,im pretty sure that one day bitcoin will be accepted globally.

[Crazymelons18]

I think the government is not too harsh to just cut or ban the use of bitcoins because we all know that it does not only involve one country but almost worldwide and therefore imposing bans on it would cause a lot of trouble for sure.

[casas]

Those who think that no government (except those run by tinpot dictators) would take the extreme step of banning Bitcoin need a lesson in history. There was a time when holding gold bullion was a crime in America, punishable by a sentence of up to ten years in prison. In 1933, American President Franklin D Roosevelt issued an order requiring all Americans to hand over their gold holdings to the Federal Reserve Bank.

[inewoods]

Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??

If that is the case the coins in our wallets will either be totally off bounds to us, the coins will just disappear in the vast internet. But i bet some people will still find ways to trade crypto if it is still lucrative.

[Mut-coin]

the government will not forbid because bitcoin has spread all over the world because the economic bitcoin will advance even though there must be bad impact but the government still can not prohibit it.

[Barkas]

the government will not forbid bitcoin in the future it will actually develop it, because at that time many internet and sophisticated tools