If your government banned Bitcoin, would you still buy BTC?

[bayu7adi]

Here I want to inform you the main goal of satoshi nakamoto why he invented the Bitcoin. And then goal is established independent financial ecosystem with privacy.
So even if the government ban the Bitcoin I think there is no worry about the Bitcoin because I have a long term strategy on it so I will keep my adoption running. And I believe in the future maybe it could be four, 8 or 10 or 15 years latter in this earth all country will accept the Bitcoin in their law.

Yeah, but not all genius inventions can be easily accepted by the world government... even you must know some conspiracies about Nikola Tesla's inventions that are hidden by the world government for certain purposes... we can know Bitcoin now because of Satoshi and also there has been no extreme action from the government of big countries (except China), therefore, we can still have Bitcoin and trade it freely and limitedly...

Even so, it does not rule out the possibility that the wave of revolutionary breakthroughs will occur very quickly, considering that the government always has a plan one step ahead than ordinary citizens... so, it does not rule out the possibility that some governments will ban Bitcoin at any time, for their reasons... yes even though I'm sure there will be many people who are labeled as naughty citizens because they secretly transact Bitcoin.

[arabspaceship123]

How would you behave if you're told bitcoin's banned? You wouldn't do illegal trades because you'll be a criminal.

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

[EmilTheBerg]

Here I want to inform you the main goal of satoshi nakamoto why he invented the Bitcoin. And then goal is established independent financial ecosystem with privacy.
So even if the government ban the Bitcoin I think there is no worry about the Bitcoin because I have a long term strategy on it so I will keep my adoption running. And I believe in the future maybe it could be four, 8 or 10 or 15 years latter in this earth all country will accept the Bitcoin in their law.

Yeah, but not all genius inventions can be easily accepted by the world government... even you must know some conspiracies about Nikola Tesla's inventions that are hidden by the world government for certain purposes... we can know Bitcoin now because of Satoshi and also there has been no extreme action from the government of big countries (except China), therefore, we can still have Bitcoin and trade it freely and limitedly...

Even so, it does not rule out the possibility that the wave of revolutionary breakthroughs will occur very quickly, considering that the government always has a plan one step ahead than ordinary citizens... so, it does not rule out the possibility that some governments will ban Bitcoin at any time, for their reasons... yes even though I'm sure there will be many people who are labeled as naughty citizens because they secretly transact Bitcoin.

I love how bitcoin's all spread out so it's tough for governments to just shut it down even if they try with rules. I've seen cool new stuff get pushback before people finally get on board. Some places might clamp down on bitcoin but I keep noticing more folks worldwide jumping in. I just try to stay in the loop and roll with whatever comes next in crypto.

[tequilla_sunset]

I love how bitcoin's all spread out so it's tough for governments to just shut it down even if they try with rules. I've seen cool new stuff get pushback before people finally get on board. Some places might clamp down on bitcoin but I keep noticing more folks worldwide jumping in. I just try to stay in the loop and roll with whatever comes next in crypto.

BTC can never be truly - killed -, per se.

It can only be halted in its path.

[arabspaceship123]

What's going to happen if it's declared illegal in your country ?

BTC can never be truly - killed -, per se.

It can only be halted in its path.

[CryptoLaila]

Bitcoin is decentralized in nature so your government banning it can only flex their power on likes of centralized exchange, they can really stop you from buying or holding it… However with banning you might need to find a new source for your coin if you normally use an such exchanges for buying. And as for the question it’s a No for me as it won’t stop anything 

[MiningChick]

If bitcoin got banned here, I'd still grab it and start mining instead. Hosting in Nigeria's tempting, cheap power and flexibility. Found oneminers launching ther might be my ace in the hole!

[philipma1957]

I am impressed at how many people admitted they would break the laws of their country.

Now this is supposed to be an if question as in "if it were not legal would you break the law".

I do not think it is wise to say "yes I will break the law"

yet lots of people did just that.

[Aanuoluwatofunmi]

This is a different case entirely, if my government banned bitcoin and the bitcoin network is still fine and ok, am not being shaken by anything than for me to hold my bitcoin on my non custodial wallet, it's the government that banned bitcoin and not that the network is attacked, there's nothing to fear for, i will only adhere to their rules not to engage on trading or making payments with it while am still within the country, the more am holding my asset the more profitable it becomes, maybe one day, they may change their approach and accept, but by then, I would have turned a wealthy bitcoiner.

[electronicash]

I am impressed at how many people admitted they would break the laws of their country.

Now this is supposed to be an if question as in "if it were not legal would you break the law".

I do not think it is wise to say "yes I will break the law"

yet lots of people did just that.

must be because people are already late in buying Bitcoin while they are cheap. if they just knew from the start, they would have bought when the price is less than $1. but now people will fight for their chance to make enough risking that might be prosecuted if caught.

the laws in my country aren't that enforced anyway. if they do they don't have the men  with skills that can trace where my coins or where i bought my coins. this could be true. maybe they do have men who can trace.

[Gposas]

Between courage and fear, when you have known BTC for a long time and have owned BTC for several years, until you can make a lot of money from BTC, ... for example, suddenly the government in the country you live in, turns out to prohibit the circulation of BTC, because it endangers the sovereignty of FIAT currency..

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

Basically, it all depends on the country at first, because across the world they're some countries that citizens would overlook some laws made by the government.
Aside that, there'll always be citizens who are there to break the law.

As for my country, there's always a way out of every situation, so if possibly the government thinks of prohibiting the circulation of Bitcoin, citizens would find a way to continue storing and making transactions with this prohibited asset or else the government completely bans everything related to crypto, which is practically impossible only if they can just ban the internet too.

[vegasus]

I am impressed at how many people admitted they would break the laws of their country.

Now this is supposed to be an if question as in "if it were not legal would you break the law".

I do not think it is wise to say "yes I will break the law"

yet lots of people did just that.

Actually, I did it, Yes, but it does have its risks and I accept it. Because it was so difficult to get additional work for income that can be done from home. In my country, Bitcoin was only legal in 2019 as a commodity asset, but until now, Bitcoin or crypto as a whole is still illegal as a payment. And I started entering the crypto world in 2017-2018 by looking for additional income such as from airdrops and so on. At that time, even the debate about illegal Bitcoin here was very high, even about the statement that Bitcoin was haram, and so on. But there have been many people who have done it even from previous years. Not feeling proud of breaking the rules and I also realized that breaking the rules is bad, but sometimes, several factors are reasons to do it.

[Rruchi man]

Between courage and fear, when you have known BTC for a long time and have owned BTC for several years, until you can make a lot of money from BTC, ... for example, suddenly the government in the country you live in, turns out to prohibit the circulation of BTC, because it endangers the sovereignty of FIAT currency..

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

From over the years, I have learned to trust less my government, especially, and I am sure I am not alone; there are others certain that feel the same way about their government.

We understand the threat that bitcoin poses to the government and their financial system, and because of that don't particularly trust them.

[bayu7adi]

Between courage and fear, when you have known BTC for a long time and have owned BTC for several years, until you can make a lot of money from BTC, ... for example, suddenly the government in the country you live in, turns out to prohibit the circulation of BTC, because it endangers the sovereignty of FIAT currency..

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

From over the years, I have learned to trust less my government, especially, and I am sure I am not alone; there are others certain that feel the same way about their government.

We understand the threat that bitcoin poses to the government and their financial system, and because of that don't particularly trust them.

Does opposing some regulations and rules implemented by the government bring you some benefits? Judging from your confidence in expressing those words, it seems yes... and if BTC is really illegal in your country... that means you get money illegally too... here you will seem like a bad person, right?

Maybe, our stigma towards the government is still the same... that is, no one really plays fair in this world, including in the leadership of the country... they are all corrupt, and they even harm some parties with their power... maybe that's your way of not respecting the government because of their rottenness too? Right?

[dave_strider]

Between courage and fear, when you have known BTC for a long time and have owned BTC for several years, until you can make a lot of money from BTC, ... for example, suddenly the government in the country you live in, turns out to prohibit the circulation of BTC, because it endangers the sovereignty of FIAT currency..

If that happens, will you still buy and store Bitcoin? Or are you afraid and obey your government's regulations and forget about Bitcoin after that?

From over the years, I have learned to trust less my government, especially, and I am sure I am not alone; there are others certain that feel the same way about their government.

We understand the threat that bitcoin poses to the government and their financial system, and because of that don't particularly trust them.

It's an alternative they can't control. Of course they wouldn't be eager to trust it.