Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: bayu7adi on March 12, 2025, 01:07:07 AM
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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?
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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?
My roots are in the USA so I won't leave the USA. I also have far too much to lose if keeping BTC was a crime I would simply sell my BTC.
Now if I were free to leave the USA I would do that but I would not think it would happen.
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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..
Know that people see bitcoin not as a substitute to fiat. It is not competing with fiat. It is better than fiat and people use it for investment and a store of value. What fiat can not be used for. Fiat are used for businesses and daily spending. Most people do not use bitcoin for spending daily.
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?
I will continue to make use of bitcoin.
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They wouldn't know how much BTC I already got if I play my cards right, sooo.. No brainer for me ;D
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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?
I dont really care if the government will really be banning out Bitcoin or crypto on which you can be still able to make out transactions accordingly without being caught on which we know that we can still access some exchangers or even making use of decentralized platforms on which you can be able to make up that accumulation without being caught but of course you shouldnt be that confident because we do know that once that things being prohibited then you do really need up to know on what are your limitations because we do know that on the time that you are already that getting caught then that would really be a huge problem and this is why you should really be that still careful when you are making up transactions specially if its banned. Yes, its scary but actually there are ways on which we can be able to deal up with it but dont make yourself that being confident.
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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?
I will still buy and store bitcoin without any form of fear, thank goodness that bitcoin addresses where coins are held are anonymous and do not trace back to their real owners except when a person decided on their own to expose the bitcoin wallet address linked to their person or identify.
So there is actually no way for the government to tell or know if I am investing in bitcoin or not.
By the way, the Nigerian government have banned bitcoin and all forms of cryptocurrency transaction in the country but still, a large number of her citizens are still investing, trading in bitcoin and cryptocurrencies and making money every day.
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Well I can earn them from the campaigns and buy only on the users in the forums. There have been people on Qatar that have bought my coins, I tend to give him a chance for he send his money first to me. I have no idea he was serious to buy my coins for higher than the market price.
If he can do this, I could also do this. Its worth the risk especially if I do it while the price already dip to more than 50% in the bear market. Most of us will not give up for financial freedom.
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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?
It's easy to say/claim i'll keep own and store Bitcoin, but who knows if i actually can do that. Although buying Bitcoin would be challenging since,
1. You probably can't deposit using local bank/fiat wallet, since it could be tracked easily.
2. Some CEX may no longer user from my country.
DEX and P2P may works, but it's less than ideal since usually it has either low volume or bad exchange rate.
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If that's possible then yes, I can't change my path because of someone thought it's not good for the country when they have no idea of what it is. But buying and selling can be an issue along with that you may face legal actions if you found doing that. So you must do it in a way that doesn't leave any track of it.
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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?
i would want to but let’s be honest how much can we sacrifice for bitcoin? bitcoin is important to me but i also have to assess the KE election of security in my country
if this low is not implemented that strictly then maybe i can get away with it if i am careful enough but in countries where strict punishments and implementation are so well known like russia or north kora, i might think twice
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Yes, only if Bitcoin will be back at $100 in price but unfortunately it won't happen based on developments in China where the government banned cryptocurrency but as we know many of its citizens are still into it and there is still even mining going on there hidden from the prying eyes of the government. Bitcoin is not anymore that new kid on the block that can be bullied by any government...any government that will ban Bitcoin will not have any effect on the general market except maybe if it would be USA and we know that it is never happening soon.
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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?
Interesting topic.
Given that I have the most confidence in Bitcoin, more in the local currency and also much more than in the Dollar or Euro, I would definitely keep my portfolio in Bitcoin.
By the way, I went through one of the biggest inflations in history, and I know very well how worthless and manipulated fiat currency can be.
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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?
Interesting topic.
Given that I have the most confidence in Bitcoin, more in the local currency and also much more than in the Dollar or Euro, I would definitely keep my portfolio in Bitcoin.
By the way, I went through one of the biggest inflations in history, and I know very well how worthless and manipulated fiat currency can be.
I think most of us would do the same - because we know the value of BTC that we hoard and hodl.
Fiat will be there all the time, but BTC - it becomes scarce as time goes on.
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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?
If there is an option to buy and sell then that would be great the only question here is that , Do we have funds to buy Bitcoin? Regardless of restriction there will always be an option for us crypto enthusiasts to acquire but make sure we also have an option to sell because if not and you need it in an emergency situation then you're done. I can't personally say I am willing to forget about it because I am not a long term hodler though I am a little worried if the government will really impose strict regulations locally because you know withdrawals to local currency could be a struggle if that happens.
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Buying Bitcoin will be the most challenging, but it can be considered an opportunity for long-term holding, allowing you to sell after the regulations change or travel to another country where you can legally sell Bitcoin.
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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?
The regulations have nothing to do with me stopping the continuous usage of Bitcoin. Are they playing or something? ??? Bitcoin has made positive impact in the life of everyone who has made use of it, known it and seen the positive effect it has for financial freendom to all its users and enthusiasts.
If they want to make a total stop to Bitcoin usage, they should start with stopping p2p trading, or still, they should go with closing down all crypto exchanges, wallets that surrounds the crypto industry, and then, start working on shutdown the internet, cause that will be the final to end it all.
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I will not buy BTC if it becomes illegal to buy. However, I will try my best to spread awareness among people through campaigns in order to change the law through democratic processes.
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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?
Well, I hope that my government will not read this comment, because I will still access BTC even if it is banned by the government. When the government bans BTC, perhaps fiat has become too weak and cannot compete or exist in the economy without being devalued by inflation. In this case, to protect my labor and assets, I will turn to BTC and crypto.
P2P trading may be the only way for the crypto community to continue to exist in the shadows, because the government will not have enough resources to investigate or prosecute all investment actions in BTC that they consider illegal. Crypto is a global market, I can absolutely trade BTC easily, as long as I can hide the details of my buying and selling actions from the eyes and ears of the government.
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Have thousand way for investing in bitcoin indeed our country banned bitcoin, we can by from third party user or withdrawing to them if want sell bitcoin to be cash. I don't think stop buy or invest in bitcoin when my government have ideas to banned bitcoin during thousand or billion people keep interested for investing in bitcoin.
Bitcoin most profitable investment assets and I think difficult increasing huge much profitable when investing except bitcoin, right now many countries take advantage from bitcoin transaction such as in my country Indonesia get much benefit after adopting taxes transaction for all cryptocurrencies transaction.
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If my govt's banned bitcoin I won't buy or use it. I don't want to do any thing illegal or make myself a criminal in my country so I won't challenge the law. You didn't tell will you be afraid or obey ?
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?
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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..
I think this is actually a question of how much you like bitcoin investments and how intense the law against crypto is in that particular region or country. This is because they are countries out there that crypto is actually illegal but they have a lot of crypto enthusiasts.
Basically the biggest setback would be managing your coins in terms of probably trying to buy since exchanges there will not accept crypto or worse crypto exchanges will be banned in some regions in cases like this.
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Why not? I will always buy bitcoin.
My country government still considers bitcoin illegal, but I myself have been involved with crypto and bitcoin for the past few years. The government of my country does not want to legalize bitcoin because since bitcoin does not require any financial institution to transact and its transaction history cannot be tracked, so many fear that it is being used for drug trafficking, black marketing, and money laundering. However, as bitcoin popularity increases day by day so it has been declared legal in many countries and the government of my country is already considering it accepted thinking.
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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?
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.
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Why not? I will always buy bitcoin.
My country government still considers bitcoin illegal, but I myself have been involved with crypto and bitcoin for the past few years. The government of my country does not want to legalize bitcoin because since bitcoin does not require any financial institution to transact and its transaction history cannot be tracked, so many fear that it is being used for drug trafficking, black marketing, and money laundering. However, as bitcoin popularity increases day by day so it has been declared legal in many countries and the government of my country is already considering it accepted thinking.
what would happen if your government cooperates with the international exchanges like binance and they learned that you submitted KYC to them and you bought BTC while the country banned Bitcoin?
looks far fetch but i think governments are already setting this up where they wanted to know those people who been laundering their money through crypto and they will allow exchanges to operate in their country as long as the government will have access to the data of the exchanges.
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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?
Our government already putted the ban on the bitcoin from the early age and still they don't unbann bitcoin and all the others cryptocurrency.
But in a article I saw the report that over the 4 million people were still connected with the crypto currency in our country. So I don't think the ban could make any impact on bit coin buying. Even if I share about myself I am here more than 6 year and still haven't face anything legal issue while I am using Bitcoin for my investment. And I also think that they won't do anything until I do something truly illegal.
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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?
Yes, I'll still buy and store it and when I am going to sell it. I'll fly to the nearby countries where it is not prohibit. This is being done I think by those people that are in the countries where it is restricted. They have solutions for it as long as they want to be in it. But right now, the laws here about Bitcoin are fine and the government supports crypto adoption.
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If I live in a country where Bitcoin is banned, there is nothing much I can do other than buy Bitcoin the way I am used to, staying anonymous without letting anyone know whether I have invested in Bitcoin or not.
The very time you have an issue as a Bitcoin investor is when you let people know that invested in Bitcoin despite the government warning of having Bitcoin banned for citizens of the country.
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In the past, the government still banned Bitcoin, and it turned out that at that time, there were already many people who continued to save and add Bitcoin. and in the end until now the regulations have been new, so it is increasingly confident and steady in increasing BTC accumulation.
It's just that each country has different regulations, some are very strict and some are not. Of course, every decision taken will bring risks, especially if it is known to have BTC, you will be sanctioned or imprisoned. So, even if you want to have BTC, let it be a secret, and the way to store it or make transactions must be on a global exchange or with several other things. But, once more, once revealed, the risks may be bigger again.
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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?
Well, to me I don't see this a major threat to me because the forum here still exist and I can trade with someone here or even without the government knowing I am holding bitcoin. In fact, who then go inform government that I am holding bitcoin in the first place? I can do my things secretly without the government having any idea that I am trading bitcoin holding any. But if the hit persist I wouldn't mind going to a nearby countries that permits the use of bitcoin to reside provided that I have enough quantity that could cover up living and expenses.
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There might be some countries that tried to ban the use of Bitcoin in their country but TBH, I haven't heard anybody that got caught and faced consequences just because they used Bitcoins which is banned on their country. I guess this just shows that despite of the government banning the use of Bitcoin, people can still just use it.
I'll still buy it as well but will be wary when buying. P2P trading that isn't coming from CEX would be the first place where I will find and buy some Bitcoins. P2P trading physically could be an option as well. I guess mixers could be a great help as well. :)
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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.
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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?
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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.
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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.
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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.
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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 :)
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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.
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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.
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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.
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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.
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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.
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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.
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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?
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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.
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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?
Its not that he is a bad person. It could be that he has no means of making money and that trading and investing in BTC is his option.
You know Nigeria also ban BTC in the past years but people from Nigeria earning from campigns I think will make them survive the economic condition. But this is the same in my country, there is no real stablecoin unless you are skilled and hired in a good company.
If BTC is banned and becomes illegal, there is nothing else to do but invest in hiding.
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I am an anarchist at heart and I don't give a damn about these prohibitions. But do you know what's good about them? Because they don't let you relax. They keep you on your toes and make you look for workarounds.
So "yes." I will buy bitcoin, but I will do it in such a way that no creature will know about it. I'm even interested in that.
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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 remember when bitcoin and bitcoin mining were banned in China, many people commented that bitcoin might not be able to move forward. But even with their ban, bitcoin has moved through 109k.
And it seems that another bullishness is yet to start. So no one can control it and as such, there is no point in governments banning it.
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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 remember when bitcoin and bitcoin mining were banned in China, many people commented that bitcoin might not be able to move forward. But even with their ban, bitcoin has moved through 109k.
And it seems that another bullishness is yet to start. So no one can control it and as such, there is no point in governments banning it.
I've been amazed at how bitcoin keeps bouncing back even when big places like China try to shut it down. It's wild to me how it's built in a way that no one can really boss it around, it just keeps going! I see more and more people all over the world jumping on board and that makes me feel like it's here to stay. Governments might throw some rules at it and I get why they'd want to but I dont think they can stop it. To me, Bitcoin's like this tough little fighter, it adapts and keep its value no matter what. I figure those rules will end up guiding where it heads next, not killing it off, and I'm excited to see how it all plays out.
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I remember when bitcoin and bitcoin mining were banned in China, many people commented that bitcoin might not be able to move forward. But even with their ban, bitcoin has moved through 109k.
And it seems that another bullishness is yet to start. So no one can control it and as such, there is no point in governments banning it.
BTC will prevail no matter what.
All the factors that come into play are temporary, while its scarcity - it will be there.
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If government bans Bitcoin it can make tough situation for people who are holding Bitcoin for long time. By the way many from us can still choose to keep their Bitcoin but secretly. There are few reasons for this Bitcoin has always bounced back after facing problems including government bans.And Bitcoin decentralized system make it hard for governments to completely stop it so people who use Bitcoin can still find ways to buy and store Bitcoin.And I think governments can change their rules so some investors can hold their Bitcoin with that hope it will become legal in their region again. Decision depends on each person situation and how much risk they can take some can follow government rules to avoid trouble while others can take risk and keep buying and storing Bitcoin.
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I put in a small just in case bid 10 trump coins at 11.11 each.
Since trump and his kids may be in charge for 4-12 years in a row.
If so I would think trump coin would do well.
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I remember when bitcoin and bitcoin mining were banned in China, many people commented that bitcoin might not be able to move forward. But even with their ban, bitcoin has moved through 109k.
And it seems that another bullishness is yet to start. So no one can control it and as such, there is no point in governments banning it.
OMG... that's true, but what made BTC to $109k is not China... there are still many other supporting factors that make BTC able to survive... China is one of the big triggers... yes if we see China starting to accept Bitcoin for certain utilities in China or just hearing good news from Xi Jin Ping about Bitcoin adoption in China, that would be enough to make many big investors put their money into Bitcoin in a short time... meaning that there will be a bullish also related to China's decision...
What makes Bitcoin can be super extraordinary, there are so many... while China is one of the factors... the Bitcoin ban from China has been going on for a long time, and we see there is a momentary dump moment because many Chinese investors start to exit the Bitcoin investment scheme suddenly...
Even the slogan "Buy what China bans" was once a hot topic at that time, because the position of Xi Jinping's government was so important regarding the ban on Bitcoin and its impact on the Bitcoin market.
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I put in a small just in case bid 10 trump coins at 11.11 each.
Since trump and his kids may be in charge for 4-12 years in a row.
If so I would think trump coin would do well.
Let's see where it would lead us.
But I wouldn't put any hopes on that, just for giggles and interest ;)
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OMG... that's true, but what made BTC to $109k is not China... there are still many other supporting factors that make BTC able to survive... China is one of the big triggers... yes if we see China starting to accept Bitcoin for certain utilities in China or just hearing good news from Xi Jin Ping about Bitcoin adoption in China, that would be enough to make many big investors put their money into Bitcoin in a short time... meaning that there will be a bullish also related to China's decision...
I have no problem saying that the more people come to invest in Bitcoin, the better its decentralization will be. In this regard, if the Chinese government re-legitimizes Bitcoin, then Bitcoin will definitely reach new heights.
But what I mean by my opinion is that no government or person can stop or control Bitcoin by banning it.
Moreover, I still think that there is still a big investment from China.
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It's better when ppl accept bitcoin's fate doesn't depend on ordinary ppl it's in the hands of powerful leaders. If they make it illegal bitcoin's finished because ppl won't buy it.
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It's better when ppl accept bitcoin's fate doesn't depend on ordinary ppl it's in the hands of powerful leaders. If they make it illegal bitcoin's finished because ppl won't buy it.
It won't be banned in all places around the world anyways ;)
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It's better when ppl accept bitcoin's fate doesn't depend on ordinary ppl it's in the hands of powerful leaders. If they make it illegal bitcoin's finished because ppl won't buy it.
it doesn't seem so.. we see bitcoin is not fully controlled by the government alone... even though all world governments prohibit activities related to Bitcoin, it will still have its fans, yes because it's simple... Bitcoin is decentralized... however, the impact that is caused must be extraordinary... where Bitcoin enthusiasts will decrease a lot, because legal institutions will start releasing their Bitcoin and that narrows the entry of new investors.
As long as bitcoin still doesn't belong to anyone, world governments will not be able to make Bitcoin die to $0...
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That is a tough one. I will say it depends on what the penalty is, if people who are caught using BTC would be imprisoned, then i would take no chances, i do not want to spend a day in prison. Relocating out of ones country is also not an easy decision, i would just hope things don't come to this, so i don't ever have this decision to make.
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Unlikely to happen here but assuming it did, I will probably continue to trade btc and other crypto after such law/rule has been passed. I doubt most international exchanges would honor them and ban users from our country anyway. There are just too many options to bypass the regulation.
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Unlikely to happen here but assuming it did, I will probably continue to trade btc and other crypto after such law/rule has been passed. I doubt most international exchanges would honor them and ban users from our country anyway. There are just too many options to bypass the regulation.
DEXes would be a way to go, that would just add up some steps to acquire BTC properly, and that would be it.
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DEXes would be a way to go, that would just add up some steps to acquire BTC properly, and that would be it.
You could say that, the perfect way to trade BTC has always been p2p, however, like i already said, it still depends on the penalty.
If the penalty is ~ 10 years jail time or more, i don't think too many people would still risk trading p2p, because the fiat will be deposited in your bank account, and if they suspect you, they could block your bank account and ask you to provide source of funds.
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DEXes would be a way to go, that would just add up some steps to acquire BTC properly, and that would be it.
You could say that, the perfect way to trade BTC has always been p2p, however, like i already said, it still depends on the penalty.
If the penalty is ~ 10 years jail time or more, i don't think too many people would still risk trading p2p, because the fiat will be deposited in your bank account, and if they suspect you, they could block your bank account and ask you to provide source of funds.
I do think they would do that only if the funds are that big.
If the portions would be small, they wouldn't try to investigate, but that's just me.
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I do think they would do that only if the funds are that big.
If the portions would be small, they wouldn't try to investigate, but that's just me.
A government that can take the extreme step of completely banning BTC will not mind investigating persons they suspect to still be using BTC. However, the good thing is that in reality, there are only a few countries that have completely banned BTC, and one of them, Bolivia, has even lifted the ban last year.
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I do think they would do that only if the funds are that big.
If the portions would be small, they wouldn't try to investigate, but that's just me.
A government that can take the extreme step of completely banning BTC will not mind investigating persons they suspect to still be using BTC. However, the good thing is that in reality, there are only a few countries that have completely banned BTC, and one of them, Bolivia, has even lifted the ban last year.
During the ban period, any country will certainly have difficulty detecting Bitcoin users 100% originating from their country... yes, as long as Bitcoin transactions never go through an exchange that requires KYC, then the government may only be able to detect users with large holders... yes, we all know how the government works in prioritizing to follow up on something that is deviant...
So I think, users with a relatively small amount of BTC savings, are still safe without being known by the government...
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During the ban period, any country will certainly have difficulty detecting Bitcoin users 100% originating from their country... yes, as long as Bitcoin transactions never go through an exchange that requires KYC, then the government may only be able to detect users with large holders... yes, we all know how the government works in prioritizing to follow up on something that is deviant...
So I think, users with a relatively small amount of BTC savings, are still safe without being known by the government...
If such people will take extra steps to not to exchange their BTCs on KYC-based platforms - then yeah, they should be fine.
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This could be a serious challenge or threat on us, because this is government we are talking about and we can't afford not to be law-abiding, but there's a way we could go about it, provided that we are well informed on security and privacy matters when it comes to bitcoin, we should not make use of a centralized exchange, nor make a public announcement on what we do, neither should we disclose this to anyone close to us, by doing all these, we can maintain being na good holder, and if we want to exchange using p2p, we should use a decentralized exchange for that.
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You're missing the point. Govt's can't control bitcoin because it's decentralised but if they ban bitcoin it's going to be illegal to buy & sell so it'll die.
it doesn't seem so.. we see bitcoin is not fully controlled by the government alone... even though all world governments prohibit activities related to Bitcoin, it will still have its fans, yes because it's simple... Bitcoin is decentralized... however, the impact that is caused must be extraordinary... where Bitcoin enthusiasts will decrease a lot, because legal institutions will start releasing their Bitcoin and that narrows the entry of new investors.
As long as bitcoin still doesn't belong to anyone, world governments will not be able to make Bitcoin die to $0...
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You're missing the point. Govt's can't control bitcoin because it's decentralised nut if they ban bitcoin it's going to be illegal to buy & sell so it'll die.
On KYC platforms - why not try to control the flow if they would have such a desire?
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Bitcoin isn't getting banned. OP asked the question. I'm saying if govt's make bitcoin illegal we won't use it. If it gets banned it's going to die. They'd prefer to control it using regs so it's possible it'll stay forever.
On KYC platforms - why not try to control the flow if they would have such a desire?
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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?
If I talk about this, I have been in the crypto space for nearly three years, and BTC was not legal till now, but now it has also been legal in Pakistan as well. In all that time, I was holding it and accumulating it, whether it was not legal in my country. More to add up in this, let me tell you one more thing: when crypto was not officially declared legal in Pakistan, banks started to block users accounts because of receiving unknown transactions, and people here were still involved in that haha all that time.
But now, it has officially been declared legal currency in Pakistan as well. Now, let's see what kind of regulation the administration will put on it. Until then, we need to wait!
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If it's a question about buying bitcoin if it's illegal the OP's got the answers. Nobody should buy & sell bitcoin if it becomes illegal in their country. Don't do any thing illegal because you'll pay a big price by going to jail.
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If it's a question about buying bitcoin if it's illegal the OP's got the answers. Nobody should buy & sell bitcoin if it becomes illegal in their country. Don't do any thing illegal because you'll pay a big price by going to jail.
Indeed, respecting the laws set in a particular country is important. However, if a country outlaws Bitcoin, then investing in it is dangerous since both can attract the attention of the law enforcement agencies. For instance, the Chinese government has prohibited the use of crypto since 2021 and has not spared any person who continues to engage in it. Nonetheless, it has been found that people are continuing to use VPN as well as P2P services to conduct transactions discreetly. However, such actions are very risky because the government still follows activities that infringed polices. For this reason, instead of taking chances that cause such issues, it is easier and safer to go by the legal provisions in the countries.
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it doesn't seem so.. we see bitcoin is not fully controlled by the government alone... even though all world governments prohibit activities related to Bitcoin, it will still have its fans, yes because it's simple... Bitcoin is decentralized... however, the impact that is caused must be extraordinary... where Bitcoin enthusiasts will decrease a lot, because legal institutions will start releasing their Bitcoin and that narrows the entry of new investors.
Oh, god, come back to reality..
The moment a government bans Bitcoin and throws a two-decade prison sentence on it it's a done deal.
Also lol at the people who think doing p2p deals will be ok, probably you are not taking care about your privacy even now if you can say that.
So you deal with p2p, let's see you
- met in person, how do you know the other guy isn't a cop or isn't tracked by a cop?
- If you pay him for your bitcoins with a bank account, just think for a second, how hard will be for a bank to flag his account and all the others? How many times have you done a transfer to a complete stranger, how many people do bank transfers to complete strangers not their family three times or ten times a day?
- how is that guy going to get the bitcoins himself?
If a totalitarian government decides to and enforce such a ban is game over, stop dreaming, most of the people here would shit themselves if they hear knocks at the door and yelling police at 2 am in the morning and some are telling fairytales of resistance, lol.
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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?
If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.
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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?
If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.
how about just receive the BTC and not trade it?
it think its fair to receive BTC in your wallet but not sell it. it would be unfair to jsut prosecute someone who only receives BTC because if this is what they do i think there will be a lot of people to be jailed. if a person with bad intention just send a coin to someone they hate, they will be doing it.
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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?
If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.
Actually, I think that you could express a best opinion in your comment. So I am also agree with your prefer comment. Because if we follow in worldwide, we can see that many countries could not accept bitcoin for country rules. But I think that if those countries will recognize bitcoin or cryptocurrency, I think that it will be very helpful for them. Because I think that in future digital currency will be common asset for future. But if government banned bitcoin for our country, we must should trying to earn another best way for our livelihood.
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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?
If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.
Actually, I think that you could express a best opinion in your comment. So I am also agree with your prefer comment. Because if we follow in worldwide, we can see that many countries could not accept bitcoin for country rules. But I think that if those countries will recognize bitcoin or cryptocurrency, I think that it will be very helpful for them. Because I think that in future digital currency will be common asset for future. But if government banned bitcoin for our country, we must should trying to earn another best way for our livelihood.
..Or just use something without KYC logo on it ;)
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it think its fair to receive BTC in your wallet but not sell it. it would be unfair to jsut prosecute someone who only receives BTC because if this is what they do i think there will be a lot of people to be jailed. if a person with bad intention just send a coin to someone they hate, they will be doing it.
I also agree. Anybody would of just send you some dust and prosecute you for that - I do think it would only raise suspicion to you if it was done on the KYC platform, otherwise, no biggie.
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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?
If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.
Actually, I think that you could express a best opinion in your comment. So I am also agree with your prefer comment. Because if we follow in worldwide, we can see that many countries could not accept bitcoin for country rules. But I think that if those countries will recognize bitcoin or cryptocurrency, I think that it will be very helpful for them. Because I think that in future digital currency will be common asset for future. But if government banned bitcoin for our country, we must should trying to earn another best way for our livelihood.
Currently, it seems that governments in many countries have started to accept bitcoin for investment, although not all countries. However, most developed countries have opened themselves up to allowing their citizens to invest in bitcoin. If we follow world developments, when bitcoin was first launched, almost all governments rejected bitcoin and prohibited their citizens from investing in bitcoin. However, even though it was rejected, bitcoin still exists today and is increasingly popular and also expensive.
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Currently, it seems that governments in many countries have started to accept bitcoin for investment, although not all countries. However, most developed countries have opened themselves up to allowing their citizens to invest in bitcoin. If we follow world developments, when bitcoin was first launched, almost all governments rejected bitcoin and prohibited their citizens from investing in bitcoin. However, even though it was rejected, bitcoin still exists today and is increasingly popular and also expensive.
Adoption cannot be stopped, only halted in its tracks.
And the bigger country is in question, more likely it will take even more effort for it to understand that BTC has lots of potential as a store of value for them.
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If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.
Dollars roll in from all sorts of investments, but the gains? They're nowhere near as juicy as a successful crypto play. Gold's having a moment right now, sure, but long term, it's just not in BTC's league. People see those BTC profits, and they're gonna find a way to get in on that action, trust me.
Governments can throw out bans all they want, but they don't have the tools to really track or police this stuff. P2P trades? Those are happening under the radar, no problem.
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If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.
how about just receive the BTC and not trade it?
it think its fair to receive BTC in your wallet but not sell it. it would be unfair to jsut prosecute someone who only receives BTC because if this is what they do i think there will be a lot of people to be jailed. if a person with bad intention just send a coin to someone they hate, they will be doing it.
But I don't think there is a government like that, usually the government only limits Bitcoin because it is afraid that it will be used in crime. What exists is the government imposing income tax from Bitcoin and crypto in general. So that we will both benefit, we can still be active in crypto and the government receives its taxes.
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If the government has banned it, it means that if the people violate it, they will definitely be punished. Actually, we can still do activities here secretly, but to be safe, I would prefer to obey the government. I believe that money does not only come from Bitcoin.
how about just receive the BTC and not trade it?
it think its fair to receive BTC in your wallet but not sell it. it would be unfair to jsut prosecute someone who only receives BTC because if this is what they do i think there will be a lot of people to be jailed. if a person with bad intention just send a coin to someone they hate, they will be doing it.
But I don't think there is a government like that, usually the government only limits Bitcoin because it is afraid that it will be used in crime. What exists is the government imposing income tax from Bitcoin and crypto in general. So that we will both benefit, we can still be active in crypto and the government receives its taxes.
I also agree with you, the government only limits it so that there is no misuse of bitcoin, that's why lately every time there is a withdrawal on a local exchange, data must be included. Because for prevention that the government must do. If you only accept bitcoin, it seems like you won't be imprisoned, because we can't limit our crypto wallet.
The government can also take taxes from our crypto transactions.
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I also agree with you, the government only limits it so that there is no misuse of bitcoin, that's why lately every time there is a withdrawal on a local exchange, data must be included. Because for prevention that the government must do. If you only accept bitcoin, it seems like you won't be imprisoned, because we can't limit our crypto wallet.
The government can also take taxes from our crypto transactions.
And I think it's better than having to ban every crypto activity, either Bitcoin or other Altcoins, because the potential to get profit from Cryptocurreny is very large, so we must remain patient and respond wisely to every decision taken by the government. Let's just follow the existing rules as long as they are mutually beneficial for us and the government.
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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?
This is a serious question, and really is not a good idea to answer the question honestly and openly here because it would be like accepting that you have committed the crime, hehe. But still, there are ways to buy Bitcoin without letting the government know, that's the beauty of it. But it is not advisable because why take the risk if your place does not allow it? What if they found out later? They might give some huge fines or punishments.
But I have learned that if your country has not properly announced which section or punishment will be imposed on the person who will be involved in crypto even after we prohibited its use, then you can still use it, but if they have strictly announced some punishments and laws then we should not.
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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?
This is a serious question, and really is not a good idea to answer the question honestly and openly here because it would be like accepting that you have committed the crime, hehe. But still, there are ways to buy Bitcoin without letting the government know, that's the beauty of it. But it is not advisable because why take the risk if your place does not allow it? What if they found out later? They might give some huge fines or punishments.
But I have learned that if your country has not properly announced which section or punishment will be imposed on the person who will be involved in crypto even after we prohibited its use, then you can still use it, but if they have strictly announced some punishments and laws then we should not.
once you tried Bitcoin investment before, you may never really want to stay away from it even if your government suddenly bans it.
i will still be trading after all the exchange i have been trading in isn't cooperating with my government. maybe they will give away our data but not when the government is still hostile to the users.
but i may still be buying somewhere else to keep my activity private. so far my government isn't banning crypto.
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The answer's no. If bitcoin's banned you wouldn't buy it because it'll be illegal. If it's illegal in my country I wouldn't buy it. Who wants to break the law & face legal trouble it isn't worth it.
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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?
I'm glad that Bitcoin is still legal in our country, but if they forbid it, I will still buy and store Bitcoin and will just be discreet on how I do it.
Administrations come and go, and so do government policies, but Bitcoin is here to stay, so I don't want to miss the greatest opportunity to own Bitcoin, or I can go abroad if I have enough Bitcoin and already made profit.
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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?
I'm glad that Bitcoin is still legal in our country, but if they forbid it, I will still buy and store Bitcoin and will just be discreet on how I do it.
Administrations come and go, and so do government policies, but Bitcoin is here to stay, so I don't want to miss the greatest opportunity to own Bitcoin, or I can go abroad if I have enough Bitcoin and already made profit.
The government in our country also does not prohibit investing in bitcoin, this is what makes me grateful because as crypto lovers we can invest safely. You are right, governments will come and go changing policies while bitcoin and crypto will last longer and exist. this is what makes me still choose to invest in bitcoin and altcoin.
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The government in our country also does not prohibit investing in bitcoin, this is what makes me grateful because as crypto lovers we can invest safely. You are right, governments will come and go changing policies while bitcoin and crypto will last longer and exist. this is what makes me still choose to invest in bitcoin and altcoin.
Yes, we are very fortunate because since 2019, at least crypto has been legal in our country, although it is legal as a commodity asset, not as a means of payment. but still it has a big influence on us, for our efforts to earn income from crypto, to be involved in crypto business and other activities. although indeed in the end, we are burdened with tax funds when transacting crypto on local exchanges, but yes, we have to accept it. at least, we do it for the sake of state revenue, and we have the advantage of having these regulations in crypto.
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The government in our country also does not prohibit investing in bitcoin, this is what makes me grateful because as crypto lovers we can invest safely. You are right, governments will come and go changing policies while bitcoin and crypto will last longer and exist. this is what makes me still choose to invest in bitcoin and altcoin.
The metaphorical term here should ignore the current government's condition which is "currently" not rejecting Bitcoin as a legal asset in a country... something we never expected would happen, including the government changing its mind and changing its rules regarding cryptocurrency.. that is something that is truly beyond our control...
indeed we are grateful at this time, when the government still allows cryptocurrency assets to circulate in our respective countries... but, at least you also need to be prepared to welcome the worst possibility, if the government decides to ban the circulation of cryptocurrency...
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indeed we are grateful at this time, when the government still allows cryptocurrency assets to circulate in our respective countries... but, at least you also need to be prepared to welcome the worst possibility, if the government decides to ban the circulation of cryptocurrency...
Crypto is a commodity asset that is now widely used for investment and trade in our country, Everything is also clear and local exchanges are also legal to trade crypto with taxes that have been deducted for every transaction, so now crypto is a platform that can really be developed in our country.
It will only have to wait for new innovations for crypto and regulations that are completely in favor of crypto and not just banning it.
Crypto is not to be shunned but to be embraced as the payment technology of the future.
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indeed we are grateful at this time, when the government still allows cryptocurrency assets to circulate in our respective countries... but, at least you also need to be prepared to welcome the worst possibility, if the government decides to ban the circulation of cryptocurrency...
Crypto is a commodity asset that is now widely used for investment and trade in our country, Everything is also clear and local exchanges are also legal to trade crypto with taxes that have been deducted for every transaction, so now crypto is a platform that can really be developed in our country.
It will only have to wait for new innovations for crypto and regulations that are completely in favor of crypto and not just banning it.
Crypto is not to be shunned but to be embraced as the payment technology of the future.
I agree with your opinion, Crypto should not be shunned but Kiaita must take advantage of the progress of this technology, because the possibility of crypto will be more dominant and in great demand in the future. The government in the state banak has begun allowing its citizens to invest in crypto and some have used it for trading, this is a good thing we see as a crypto lover.
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indeed we are grateful at this time, when the government still allows cryptocurrency assets to circulate in our respective countries... but, at least you also need to be prepared to welcome the worst possibility, if the government decides to ban the circulation of cryptocurrency...
Crypto is a commodity asset that is now widely used for investment and trade in our country, Everything is also clear and local exchanges are also legal to trade crypto with taxes that have been deducted for every transaction, so now crypto is a platform that can really be developed in our country.
It will only have to wait for new innovations for crypto and regulations that are completely in favor of crypto and not just banning it.
Crypto is not to be shunned but to be embraced as the payment technology of the future.
They are too deep into it to shut the whole thing down, in my opinion.
And the profits / possibilities are bigger than the off-sets for the bigger entities in question.
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once you tried Bitcoin investment before, you may never really want to stay away from it even if your government suddenly bans it.
i will still be trading after all the exchange i have been trading in isn't cooperating with my government. maybe they will give away our data but not when the government is still hostile to the users.
but i may still be buying somewhere else to keep my activity private. so far my government isn't banning crypto.
That's really true, even if the government bans it later we still want a piece of BTC haha, I was making profit from BTC but I did not want to sell all of it so I kep some part and sold the other and still plan to not sell it ever haha. I just love that I have BTC.
They will give our data sooner or later, but we can prefer decentralized exchanges and proxies to avoid getting caught, overall this do increases the risk though.
Yeah we can ask a person (relative) living in a place where crypto is legal to buy coins from our end, but that can be more risker in my opinion.
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once you tried Bitcoin investment before, you may never really want to stay away from it even if your government suddenly bans it.
i will still be trading after all the exchange i have been trading in isn't cooperating with my government. maybe they will give away our data but not when the government is still hostile to the users.
but i may still be buying somewhere else to keep my activity private. so far my government isn't banning crypto.
That's really true, even if the government bans it later we still want a piece of BTC haha, I was making profit from BTC but I did not want to sell all of it so I kep some part and sold the other and still plan to not sell it ever haha. I just love that I have BTC.
They will give our data sooner or later, but we can prefer decentralized exchanges and proxies to avoid getting caught, overall this do increases the risk though.
Yeah we can ask a person (relative) living in a place where crypto is legal to buy coins from our end, but that can be more risker in my opinion.
Actually we can use CEX comfortably and do not need to have our data worries if we do not take action against the law. So far I use CEX is still safe.
But you are right if you choose decentralization so as not to get caught by your identity, each investor has their respective considerations in conducting transactions.
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Actually we can use CEX comfortably and do not need to have our data worries if we do not take action against the law. So far I use CEX is still safe.
In the context of the government banning crypto, I don't think a cex will survive. They'll send their customers' data to the government if they asked for it, not necessarily to go against the customers but as a way to monitor people who hold some crypto. If you made another transaction after the law is in effect, they'll go after you because you're breaking the law.
If we're talking about the status quo, a cex is safe until it isn't. Remember that we have so many cases of cex going bankrupt because of hacks, terrible management, etc. We have no control over what they do to begin with. Even if you aren't actively breaking the rules, you can still lose your money.
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There are no laws governing Bitcoin or cryptocurrencies in our country yet, but people are still using them without any worries. The only thing that bothers people involved in cryptocurrencies in my country is that the banking sector is completely against them, which means that if you are caught, or even if they suspect you of having any involvement with cryptocurrencies and that any of the transactions going through your bank account are or were involved with cryptocurrencies, they will block your account and seize your funds, and then you will have to provide them with proof for the funds and the transactions they've marked.
It's a lot of trouble, but other than that, exchanges such as Binance and other major and minor exchanges operate within our country which means you can easily buy and sell cryptocurrencies from here.
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It's a lot of trouble, but other than that, exchanges such as Binance and other major and minor exchanges operate within our country which means you can easily buy and sell cryptocurrencies from here.
Banking sector is not against them, it was the pre-planned operation nd statement from the side of FIA officials and our interior ministry that the crypto market should be treated as a threat to the loss of investment assets, and they don't have control over the open market and users fro now within the country. This is all about the 2021-2022.
But now, according to the global acceptance, Pakistan is also considering the regulatory policies for the crypto market. people are considering it as a tactic for taxation but according to my analysis, it is a positive move from the government. There are still not any clear policies but you need to know that it's not banned anytime soon and it was never banned.
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The answer's no. If bitcoin's banned you wouldn't buy it because it'll be illegal. If it's illegal in my country I wouldn't buy it. Who wants to break the law & face legal trouble it isn't worth it.
You really think it's not worth it? Banned or not, so long you know how to make use of the crypto community, Bitcoin can always be purchased, accumulated and stored if one is careful enough and won't fall/break the law of the country. Bitcoin can only be banned within a country not around the world. P2P made a bridge to bye pass the laws against crypto and Bitcoin trading. Who ever makes the mistake, puts the two parties in trouble.
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The answer's no. If bitcoin's banned you wouldn't buy it because it'll be illegal. If it's illegal in my country I wouldn't buy it. Who wants to break the law & face legal trouble it isn't worth it.
You really think it's not worth it? Banned or not, so long you know how to make use of the crypto community, Bitcoin can always be purchased, accumulated and stored if one is careful enough and won't fall/break the law of the country. Bitcoin can only be banned within a country not around the world. P2P made a bridge to bye pass the laws against crypto and Bitcoin trading. Who ever makes the mistake, puts the two parties in trouble.
And thats the beauty of it on which you would really be able to purchase or buy Bitcoin without being caught, just make it sure that you wont really be leaving any trace if you are really that getting involved on accumulating Bitcoin. We do know that when it comes to this manner on which there's no way that they could completely get rid of it. There might be some countries do able to ban Bitcoin or crypto but still its citizens doesnt have any problems on trying out to purchase it out on which this could really be that done or something that someone could be able to do so without any issues. For an individual approach then it will really be that understandable that its risky but once you do have that curiosity and having that trust about its potential then you do really deal up with it no matter what.
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Bitcoin does not belong to the government and therefore that is why it is not being centralized, so i can buy or hold bitcoin as i wish to do, but i will not make this a public announcement in letting others know what am up to, bitcoin may be banned in such countries and that does not deferred the people from holding it, moreover, i can still hold without been noticed, once i know how i can go private with it, as long as am not using it in making payment or exchange in the public.
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Actually we can use CEX comfortably and do not need to have our data worries if we do not take action against the law. So far I use CEX is still safe.
But you are right if you choose decentralization so as not to get caught by your identity, each investor has their respective considerations in conducting transactions.
Yes, but it does not mean if we are using decentralized exchanges we are involved in bad stuff. It just means we want anonymity for some reasons that can be bad stuff too but most of the time people prefer DEXs because they want to save themselves from being exposed to their country so they could avoid huge and unnecessary taxation.
Exposing our identity in crypto was a big deal few year ago, but nowadays I am seeing people are more comfortable with exposing as they say they don't care and as you said unless we are not involved in some shady business we should be comfortable.
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Yes.because it will give me more return than our economic inflation.The other things if our government banned bitcoin we can still use it, because it is decentralized. The government can't track me if i am not exposed myself.
Actually bitcoin and any cryptocurrencies still banned in our country but people still use it without any hassle.
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Yes.
Because without Bitcoin I have nothing.
It is literally the only way I can survive here. Jobs won't cover didly squat around here.
And it has done dividends more for me than I can imagine. It is the best thing to happen in my life.
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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?
Never and never!
If my government bans bitcoin, I will find a way to still buy and hodl bitcoin secretly, but if there is no way to do this, I will consider relocating out of the country. I am in love with bitcoin, the government should not play with me about this.
The only time I will stop being involved in bitcoin is when bitcoin itself doesn't exist again.
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Never and never!
If my government bans bitcoin, I will find a way to still buy and hodl bitcoin secretly, but if there is no way to do this, I will consider relocating out of the country. I am in love with bitcoin, the government should not play with me about this.
The only time I will stop being involved in bitcoin is when bitcoin itself doesn't exist again.
It is the same case as Binance is banned in my country. People still can access Binance with VPN. People will never stop to use BTC, it is similar as Binance exchange. There are many ways to keep using BTC, government can't stop everyone to have BTC. Moreover, BTC is getting popular around the world, even it becomes the crypto reserves in a big country as in USA. Instead of banning Bitcoin, the government may be curious to have it as their assets as well. ;)
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Never and never!
If my government bans bitcoin, I will find a way to still buy and hodl bitcoin secretly, but if there is no way to do this, I will consider relocating out of the country. I am in love with bitcoin, the government should not play with me about this.
The only time I will stop being involved in bitcoin is when bitcoin itself doesn't exist again.
It is the same case as Binance is banned in my country. People still can access Binance with VPN. People will never stop to use BTC, it is similar as Binance exchange. There are many ways to keep using BTC, government can't stop everyone to have BTC. Moreover, BTC is getting popular around the world, even it becomes the crypto reserves in a big country as in USA. Instead of banning Bitcoin, the government may be curious to have it as their assets as well. ;)
This is true. The idea of governments banning bitcoin is fading away. Right now, governments are devicing means to embrace bitcoin. No same government will consider to ban bitcoin at this level of global adoption. I remember in 2021, when the government of my country was trying to ban bitcoin. The then Vice president made a statement that "Bitcoin is like a pregnant woman". No one should kill a pregnant woman because no one knows the pregnancy that carries the king.
The only way to stop bitcoin is to bring down the entire WWW.
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They are too deep into it to shut the whole thing down, in my opinion.
And the profits / possibilities are bigger than the off-sets for the bigger entities in question.
What do you mean by them closing it all down?
The current government is more open with crypto developments, but if other governments are banning crypto they are even opposed to moving forward.
Like China which initially heavily banned crypto, but now it provides room for crypto to develop and even become a revolutionary technology for the future with more serious development.
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Do we have Chinese representatives here on the forum? Since crypto is banned there, what if a persons goes abroad, purchases BTC and gets back. Crypto is held on a hardware wallet that nobody knows about. That is actually a question that refers to topic name. «Government bans Bitcoin» - how is it possible? Like they would have access to all or any device a person has to check if he have crypto? That is nonsense and unachievable. Imo government can not check if I have BTC, so if they bank BTC, what stops me from holding or buying it?
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Never and never!
If my government bans bitcoin, I will find a way to still buy and hodl bitcoin secretly, but if there is no way to do this, I will consider relocating out of the country. I am in love with bitcoin, the government should not play with me about this.
The only time I will stop being involved in bitcoin is when bitcoin itself doesn't exist again.
Always have thousand way for investing in bitcoin indeed government have banned to buy or sell bitcoin, I remember well when early investing in bitcoin and China announced banned bitcoin not allow to buy or sell. But many of their citizen keep investing in bitcoin by using top exchange market likely Binance or other global exchange.
In my country, bitcoin not banned yet and government take benefit by taxes transaction adopting when using local exchange for buying or selling cryptocurrency assets.
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Do we have Chinese representatives here on the forum? Since crypto is banned there, what if a persons goes abroad, purchases BTC and gets back. Crypto is held on a hardware wallet that nobody knows about. That is actually a question that refers to topic name. «Government bans Bitcoin» - how is it possible? Like they would have access to all or any device a person has to check if he have crypto? That is nonsense and unachievable. Imo government can not check if I have BTC, so if they bank BTC, what stops me from holding or buying it?
One doesn't even need to leave the country; there are decentralized P2P services that a person can use to buy Bitcoin and then keep those Bitcoin in a non-custodial wallet. A government that bans or tracks Bitcoin or cryptocurrencies should only be able to connect transactions or even holdings to people that have some connections with a KYCed service, this means that if you use a KYCed centralized exchange to buy and then transfer them to a wallet, they will be marked as yours, of course.
So, as long as a person can access the services that they can use to buy Bitcoin and other cryptocurrencies, even if the government in their country have banned them, they can still buy and hold, maybe even using a VPN if VPNs are also not banned.
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So, as long as a person can access the services that they can use to buy Bitcoin and other cryptocurrencies, even if the government in their country have banned them, they can still buy and hold, maybe even using a VPN if VPNs are also not banned.
Well, when someone is technically good then it's possible to buy Bitcoin or any other cryptocurrency in a country where those are banned but for someone who isn't tech savvy it could be an headache. In some countries usage of VPN is banned but still there are ways to use VPN even in those banned countries. However, once again on tech savvy people can do that not everyone.
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Never and never!
If my government bans bitcoin, I will find a way to still buy and hodl bitcoin secretly, but if there is no way to do this, I will consider relocating out of the country. I am in love with bitcoin, the government should not play with me about this.
The only time I will stop being involved in bitcoin is when bitcoin itself doesn't exist again.
Always have thousand way for investing in bitcoin indeed government have banned to buy or sell bitcoin, I remember well when early investing in bitcoin and China announced banned bitcoin not allow to buy or sell. But many of their citizen keep investing in bitcoin by using top exchange market likely Binance or other global exchange.
In my country, bitcoin not banned yet and government take benefit by taxes transaction adopting when using local exchange for buying or selling cryptocurrency assets.
This is also happening with the Nigerian government, they totally banned Binance and prohibit crypto but the people find one way or the other to deal with crypto. Bitcoin investment can never be stopped by any country’s government. It’d be better if crypto can be fully adopted by all countries, instead of seeing it as a form of threat to FIAT, they should see the benefits and impacts it will have on their economy.
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Well, when someone is technically good then it's possible to buy Bitcoin or any other cryptocurrency in a country where those are banned but for someone who isn't tech savvy it could be an headache. In some countries usage of VPN is banned but still there are ways to use VPN even in those banned countries. However, once again on tech savvy people can do that not everyone.
The same applies to using DEXes to hide the tracks not doing KYC and such to trace back the funds in question to you.
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So, as long as a person can access the services that they can use to buy Bitcoin and other cryptocurrencies, even if the government in their country have banned them, they can still buy and hold, maybe even using a VPN if VPNs are also not banned.
Well, when someone is technically good then it's possible to buy Bitcoin or any other cryptocurrency in a country where those are banned but for someone who isn't tech savvy it could be an headache. In some countries usage of VPN is banned but still there are ways to use VPN even in those banned countries. However, once again on tech savvy people can do that not everyone.
What about cash? And use p2p method that Alone055 has mentioned. Cash and p2p make all closed doors open. Until government finds out or develop a way to check if a citizen has a crypto wallet, it is safe to buy BTC or other crypto.
I dont understand only one moment. Suppose I own crypto and it becomes known for government. Should I worry if I only hold and do nothing with it? Until sold and gained profit, I must not worry at all.
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Well, when someone is technically good then it's possible to buy Bitcoin or any other cryptocurrency in a country where those are banned but for someone who isn't tech savvy it could be an headache. In some countries usage of VPN is banned but still there are ways to use VPN even in those banned countries. However, once again on tech savvy people can do that not everyone.
I agree with your point about the cases of the professionals who will seek ways to purchase Bitcoin even when the countries have prohibited it. In the crypto world, there is nothing that will stop one from requesting for it and being granted regardless of the weather circumstance. However, for a person who is not well conversant with the use of the internet it becomes very hard to undertake this especially if there are very strict rules and regulation concerning the access to trading floors. Nevertheless, in some countries it is actually not even strictly prohibited and there are ways that individuals can still engage in this commerce. Popular methods that can be used in such a case include VPN or any other means provide a connexion to the world of cryptocurrencies. People will always stay a step ahead to find ways to get to make the use of the Bitcoin particularly if there is a demand and interest.
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Never and never!
If my government bans bitcoin, I will find a way to still buy and hodl bitcoin secretly, but if there is no way to do this, I will consider relocating out of the country. I am in love with bitcoin, the government should not play with me about this.
The only time I will stop being involved in bitcoin is when bitcoin itself doesn't exist again.
That's exactly what I will also do if my country if they banned Bitcoin, though in my country I was thinking a time will come when they will decide to banned Bitcoin because of bad they speak of it but lately they seem to have been okay with it so that's good because we don't need to think about a time when we will leave the country because of our Bitcoin investment.
Though this could be the reason why a lot of people leave there country to another because of what their government has banned, however the only country that would banned Bitcoin and everybody abid by it are the high technology country that can monitor it both physical and online.
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Never and never!
If my government bans bitcoin, I will find a way to still buy and hodl bitcoin secretly, but if there is no way to do this, I will consider relocating out of the country. I am in love with bitcoin, the government should not play with me about this.
The only time I will stop being involved in bitcoin is when bitcoin itself doesn't exist again.
That's exactly what I will also do if my country if they banned Bitcoin, though in my country I was thinking a time will come when they will decide to banned Bitcoin because of bad they speak of it but lately they seem to have been okay with it so that's good because we don't need to think about a time when we will leave the country because of our Bitcoin investment.
Though this could be the reason why a lot of people leave there country to another because of what their government has banned, however the only country that would banned Bitcoin and everybody abid by it are the high technology country that can monitor it both physical and online.
I also don't see the way govs would see the operations going from DEXes and devices that are not KYC-based.
They would need to ask all the exchanges like that to open up their cards.. or else.
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This is true. The idea of governments banning bitcoin is fading away. Right now, governments are devicing means to embrace bitcoin. No same government will consider to ban bitcoin at this level of global adoption. I remember in 2021, when the government of my country was trying to ban bitcoin. The then Vice president made a statement that "Bitcoin is like a pregnant woman". No one should kill a pregnant woman because no one knows the pregnancy that carries the king.
The only way to stop bitcoin is to bring down the entire WWW.
Exactly. We rarely hear the issue of the government will ban the Bitcoin nowadays. The government may think to take advantages from Bitcoin. Since US government has declared to have Bitcoin reserve, many countries probably follow it. In my country, mr president is quite friendly with Bitcoin. I'm very sure that our government will never think to ban Bitcoin and altcoins. They also get taxes from crypto with huge amount of money.
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Never and never!
If my government bans bitcoin, I will find a way to still buy and hodl bitcoin secretly, but if there is no way to do this, I will consider relocating out of the country. I am in love with bitcoin, the government should not play with me about this.
The only time I will stop being involved in bitcoin is when bitcoin itself doesn't exist again.
It is the same case as Binance is banned in my country. People still can access Binance with VPN. People will never stop to use BTC, it is similar as Binance exchange. There are many ways to keep using BTC, government can't stop everyone to have BTC. Moreover, BTC is getting popular around the world, even it becomes the crypto reserves in a big country as in USA. Instead of banning Bitcoin, the government may be curious to have it as their assets as well. ;)
Indeed, Bitcoin as the example of digital currency becomes difficult to ban once it is adopted and it is in the true sense of the word that provides tangible benefits to people. It does not eliminate its existence, but rather alters the ways of the further interaction with it. This element has gone a notch higher in the limits set by some parties and more people have embraced the determination of the importance or the gains of using Bitcoin. The existence of support for the occurrence of something means that it is rare to contain the occurrence. This however as was previously indicated is also gradually being appreciated in many places and cannot be overlooked by anyone.
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Some users say they'll do it secretly but I've said it before you shouldn't buy & sell if your govt bans bitcoin because you'll be breaking the law.
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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?
If there is an option to buy and sell then that would be great the only question here is that , Do we have funds to buy Bitcoin? Regardless of restriction there will always be an option for us crypto enthusiasts to acquire but make sure we also have an option to sell because if not and you need it in an emergency situation then you're done. I can't personally say I am willing to forget about it because I am not a long term hodler though I am a little worried if the government will really impose strict regulations locally because you know withdrawals to local currency could be a struggle if that happens.
I don't think the government will make it difficult for us to exchange on local exchanges because several large countries have allowed their citizens to invest in bitcoin, other countries' governments should have the same idea because crypto is a technological advancement that should be supported and can be adopted in the country.
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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?
If there is an option to buy and sell then that would be great the only question here is that , Do we have funds to buy Bitcoin? Regardless of restriction there will always be an option for us crypto enthusiasts to acquire but make sure we also have an option to sell because if not and you need it in an emergency situation then you're done. I can't personally say I am willing to forget about it because I am not a long term hodler though I am a little worried if the government will really impose strict regulations locally because you know withdrawals to local currency could be a struggle if that happens.
I don't think the government will make it difficult for us to exchange on local exchanges because several large countries have allowed their citizens to invest in bitcoin, other countries' governments should have the same idea because crypto is a technological advancement that should be supported and can be adopted in the country.
Then, nowadays, many countries are also open to Bitcoin and they allow other communities under their jurisdiction to also enjoy Bitcoin or other cryptocurrencies. Even here in our country, our government only allows us local crypto communities to exchange crypto for our fiat currency.
But they don't pay attention to how blockchain technology can really help our country, because all our officials are busy stealing from our country's coffers.
It's like we can count on our fingers the politicians who are not really corrupt.
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Some users say they'll do it secretly but I've said it before you shouldn't buy & sell if your govt bans bitcoin because you'll be breaking the law.
Do you mean they shouldn't buy and sell, but they can buy and hodl?
Or you meant that they should totally obey the government and not own bitcoin at all?
Does the government who prints more and more fiat to enrich themselves amidst inflation deserve such level of obedience?
My advice is that, if your government bans bitcoin and you find a way to buy and hold, please do and not necessarily buying and selling to go against the government.
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Some users say they'll do it secretly but I've said it before you shouldn't buy & sell if your govt bans bitcoin because you'll be breaking the law.
Do you mean they shouldn't buy and sell, but they can buy and hodl?
Or you meant that they should totally obey the government and not own bitcoin at all?
Does the government who prints more and more fiat to enrich themselves amidst inflation deserve such level of obedience?
My advice is that, if your government bans bitcoin and you find a way to buy and hold, please do and not necessarily buying and selling to go against the government.
If we all want to follow how he’s saying we should not go again the government, then we will most definitely not own any bitcoin today. Your government may have banned bitcoin and not allow the buying and selling of it but when you decide to buy some and won’t be penalized for such actions or won’t be a big deal, you shouldn't hesitate to take such opportunity on yourself. If we were to follow on the ban of cryptocurrencies earlier by the government, we wouldn’t have been an investor in bitcoin or own some certain amount of it in the first place.
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It's like deja vu and I still do it, fortunately now Bitcoin is legal as an asset, so there's no need to hide anymore and no need to worry about receiving sanctions when caught. because now the government is very supportive. but yes there is a response, namely we are required to pay taxes from cryptocurrency, yes, however, if using a local exchange, yes we have to accept it, and there will be a tax deduction on each trading transaction. so yes the government is happy to get income from this crypto tax. and whether it is illegal or not, maybe in other countries it will be different. but from what I read, there are many people who are still buying crypto even though it is illegal in their country
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It's like deja vu and I still do it, fortunately now Bitcoin is legal as an asset, so there's no need to hide anymore and no need to worry about receiving sanctions when caught. because now the government is very supportive. but yes there is a response, namely we are required to pay taxes from cryptocurrency, yes, however, if using a local exchange, yes we have to accept it, and there will be a tax deduction on each trading transaction. so yes the government is happy to get income from this crypto tax. and whether it is illegal or not, maybe in other countries it will be different. but from what I read, there are many people who are still buying crypto even though it is illegal in their country
It is true that many still buys Bitcoin even if they are in the places where it is considered illegal and not allowed to be owned by its citizens. That is the reason I think that many of us will still buy and hold it if our governments tries to tell us that it is not allowed to have it. There are forum members that are from those countries where it is not allowed and yet they said that they still own and keeps on DCAing to have more BTC.
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It is true that many still buys Bitcoin even if they are in the places where it is considered illegal and not allowed to be owned by its citizens. That is the reason I think that many of us will still buy and hold it if our governments tries to tell us that it is not allowed to have it. There are forum members that are from those countries where it is not allowed and yet they said that they still own and keeps on DCAing to have more BTC.
It's just a question of being humble and vigilant about it - if there are no KYC platforms involved, you should be good.
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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?
China has been a good example where every activity related to crypto has been banned, but the Chinese are still engaged in Bitcoin transactions onva regular basis, though in hidden manner. I doubt if bitcoin can be completely banned in a country, except that it can be banned in the whole world.
Now, there are options to used on Bitcoin activities if it is banned in a country, Dex exchanges may be a good options, mixers are also great way for transactions and I think China citizen are still carrying out bitcoin transactions with these options. I may be wrong.
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It is true that many still buys Bitcoin even if they are in the places where it is considered illegal and not allowed to be owned by its citizens. That is the reason I think that many of us will still buy and hold it if our governments tries to tell us that it is not allowed to have it. There are forum members that are from those countries where it is not allowed and yet they said that they still own and keeps on DCAing to have more BTC.
It's just a question of being humble and vigilant about it - if there are no KYC platforms involved, you should be good.
Does government keeps monitoring everyone here that holds bitcoin in the bitcoin restricted areas?
No, this doesn't happened and even in our country that our government isn't that friendly with bitcoin transaction aren't that monitoring people instead, any transactions that carries cryptocurrencies narrations then they would have to restricts such account for involving themselves into cryptocurrency trade. Yes, one should be extremely careful while dealing and involving oneself to bitcoin transactions and trade in the restricted areas.
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Some users say they'll do it secretly but I've said it before you shouldn't buy & sell if your govt bans bitcoin because you'll be breaking the law.
Do you mean they shouldn't buy and sell, but they can buy and hodl?
Or you meant that they should totally obey the government and not own bitcoin at all?
Does the government who prints more and more fiat to enrich themselves amidst inflation deserve such level of obedience?
My advice is that, if your government bans bitcoin and you find a way to buy and hold, please do and not necessarily buying and selling to go against the government.
Totally abstaining from acquiring Bitcoin because the government placed a ban on the use of Bitcoin/crypto currency within a country doesn't mean one should totally stay off it. I see the internet to be a free area for anyone or everyone who knowns how to go around it and make good returns from it.
I like it when you talk about the reprinting of fiat by the government, which made or creates inflation in the society. Bitcoin is a free way for everyone to make fortune online. There are several ways to bypass the ban, because there are different websites/online banking services rendered that one can register with for transactions related to crypto currencies.
On the other hand, if the restriction is so tight for all the citizens, holding Bitcoin for as long as possible is a wise decision/choice to make, cause the world as a digital village, there is room for changing or uplifting the ban as time goes on.
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Still in our country total cryptocurrency banned. But i am Buying, trading and holding Bitcoin. We know Most of the countries banned Bitcoin, only few countries approved Bitcoin. But we saw most of the countries all over the World's people using Bitcoin although illegal.
I am living in Bangladesh, in our country crypto-currency fully banned. Our central bank given a notice about Bitcoin's illegality. But i am even huge people already involved with bitcoin.
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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?
This has happened in my Nation because I remember vividly one time the government put out a large scale ban on Bitcoin and and even went as far as freezing people commercial banks account that they feel have something to do with Bitcoin and believe me it was somehow serious because some person heard their money even frozen in the bank like myself but of all this happening, it didn't stop the masses from acquiring more Bitcoin and trading it but this time it was all done quietly.
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Never and never!
If my government bans bitcoin, I will find a way to still buy and hodl bitcoin secretly, but if there is no way to do this, I will consider relocating out of the country. I am in love with bitcoin, the government should not play with me about this.
The only time I will stop being involved in bitcoin is when bitcoin itself doesn't exist again.
It's those who understand the potential Bitcoin can offer can stand by Bitcoin if it means for them to go to another country to accumulate it.
Bitcoin is a force, that can't be stopped by a government or anyone. The government of some countries understands that, that's why they are aligning to have Bitcoin as their economic reserve, to save their country's economy
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Do you mean they shouldn't buy and sell, but they can buy and hodl?
Or you meant that they should totally obey the government and not own bitcoin at all?
Does the government who prints more and more fiat to enrich themselves amidst inflation deserve such level of obedience?
My advice is that, if your government bans bitcoin and you find a way to buy and hold, please do and not necessarily buying and selling to go against the government.
I'm saying don't break the law or we'll go to jail. If govt's ban bitcoin we shouldn't trade it illegally.
If we all want to follow how he’s saying we should not go again the government, then we will most definitely not own any bitcoin today. Your government may have banned bitcoin and not allow the buying and selling of it but when you decide to buy some and won’t be penalized for such actions or won’t be a big deal, you shouldn't hesitate to take such opportunity on yourself. If we were to follow on the ban of cryptocurrencies earlier by the government, we wouldn’t have been an investor in bitcoin or own some certain amount of it in the first place.
All users saying they'll buy & sell in secret won't do it. We shouldn't go against our govt's because we don't want to be arrested. Our freedom's more important.
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Do you mean they shouldn't buy and sell, but they can buy and hodl?
Or you meant that they should totally obey the government and not own bitcoin at all?
Does the government who prints more and more fiat to enrich themselves amidst inflation deserve such level of obedience?
My advice is that, if your government bans bitcoin and you find a way to buy and hold, please do and not necessarily buying and selling to go against the government.
I'm saying don't break the law or we'll go to jail. If govt's ban bitcoin we shouldn't trade it illegally.
If we all want to follow how he’s saying we should not go again the government, then we will most definitely not own any bitcoin today. Your government may have banned bitcoin and not allow the buying and selling of it but when you decide to buy some and won’t be penalized for such actions or won’t be a big deal, you shouldn't hesitate to take such opportunity on yourself. If we were to follow on the ban of cryptocurrencies earlier by the government, we wouldn’t have been an investor in bitcoin or own some certain amount of it in the first place.
All users saying they'll buy & sell in secret won't do it. We shouldn't go against our govt's because we don't want to be arrested. Our freedom's more important.
One day the government will tell you to kill your mom and you will obey with the fear of not going to jail.
What sin did bitcoin commit?
Do you use it illegally?
Why does the government care so much about you and decided to shield you from the dangerous bitcoin?
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Do you mean they shouldn't buy and sell, but they can buy and hodl?
Or you meant that they should totally obey the government and not own bitcoin at all?
Does the government who prints more and more fiat to enrich themselves amidst inflation deserve such level of obedience?
My advice is that, if your government bans bitcoin and you find a way to buy and hold, please do and not necessarily buying and selling to go against the government.
I'm saying don't break the law or we'll go to jail. If govt's ban bitcoin we shouldn't trade it illegally.
If we all want to follow how he’s saying we should not go again the government, then we will most definitely not own any bitcoin today. Your government may have banned bitcoin and not allow the buying and selling of it but when you decide to buy some and won’t be penalized for such actions or won’t be a big deal, you shouldn't hesitate to take such opportunity on yourself. If we were to follow on the ban of cryptocurrencies earlier by the government, we wouldn’t have been an investor in bitcoin or own some certain amount of it in the first place.
All users saying they'll buy & sell in secret won't do it. We shouldn't go against our govt's because we don't want to be arrested. Our freedom's more important.
One thing is certain no matter how the law is important no matter how strictly the government takes that law there will always be a citizen that will be found guilty of that certain law that just the bitter truth so if the government ban bitcoin in my country which I know that it would be impossible people and a lot of citizens will be frustrated and will be uncomfortable with that law cause we are in crypto currency’s era so banning bitcoin alone will really damage the economic and some other activities. I’m very certain that in my nation if such law is being implemented then there will be a protest and many citizens will definitely buy and sell bitcoin in black markets and some would use software and other vpn to get the currency traded. This law will definitely be very difficult for the government body to implement cause the world have come to know about crypto so much that they can’t do without.
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One thing is certain no matter how the law is important no matter how strictly the government takes that law there will always be a citizen that will be found guilty of that certain law that just the bitter truth so if the government ban bitcoin in my country which I know that it would be impossible people and a lot of citizens will be frustrated and will be uncomfortable with that law cause we are in crypto currency’s era so banning bitcoin alone will really damage the economic and some other activities. I’m very certain that in my nation if such law is being implemented then there will be a protest and many citizens will definitely buy and sell bitcoin in black markets and some would use software and other vpn to get the currency traded. This law will definitely be very difficult for the government body to implement cause the world have come to know about crypto so much that they can’t do without.
The society is evolving in one way but as it is being shaped, some individuals are being pulled backward. It is not just a disposable product or a trend that can be discarded soon but a new environment of finance that has opened many possibilities for many who had no access to the general finance system. Most of you, myself included, likely came across the notions of value, assets, and transactions not from the lecture or the readings, but through aggravated screens and digital trading platforms that allowed for observing the information and even testing the knowledge. When that space is closed with rules it is not only routine that is disrupted but all the confidence that has been grown slowly. We underestimate that openness opens opportunities and possibilities as well as the doors to the storm. That is why many of us do not think it possible to move backward and consider it to be against the modern tendencies that are rapidly progressing forward.
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There is a general saying that when the road get tough, only the tough gets going. Well that's logically true because it has been experimented over and over again. Well my story wasn't a ban but a restriction. My government placed a restriction on cryptocurrency but only few person managed to scale through the difficulties and still accumulate bitcoin or make other cryptocurrencies transactions. Well we still looked for other alternatives to find our way through. I've also heard of cases where people migrate to other countries because they're enthusiastic about bitcoin or crypto at large. Majority of the world's government aren't happy with the way bitcoin is, I guess they're are afraid of losing so much of their fiat to inflation once the benefits of bitcoin is discovered by their citizens.
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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?
Looking at the China crypto community, BTC is considered property, but buying and selling BTC is prohibited. However, investors still find ways to trade and own BTC, even though they are also afraid of severe penalties from the authoritarian government.
If my government banned BTC, I would still invest in BTC through P2P and OTC. I don't trust asset classes like stocks and securities; I only trust BTC because BTC is a global asset and is not manipulated by a few members of the state securities commission :)
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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?
Looking at the China crypto community, BTC is considered property, but buying and selling BTC is prohibited. However, investors still find ways to trade and own BTC, even though they are also afraid of severe penalties from the authoritarian government.few members of the state securities commission :)
clearly they are not that afraid then because they still continue to do something that they were prohibited from doing if they were completely afraid they would not even attempt it i guess they think that the benefits bitcoin offer are worth the risks so it does not scare them that much
to be fair i have not heard of severe punishments to chinese crypto traders
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~snip
I'm saying don't break the law or we'll go to jail. If govt's ban bitcoin we shouldn't trade it illegally.
~snip
All users saying they'll buy & sell in secret won't do it. We shouldn't go against our govt's because we don't want to be arrested. Our freedom's more important.
There is a popular saying that says, "If you live by the rules, You die by the rules". A friend of mine once told me this after we successfully sneaked passed a lengthy queue of customers waiting to gain access into the bank. We went late, but we were the first to leave. That's how life is and that's how life has always been.
The government don't care much about you. If they banned Bitcoin, then it is because they fear that so those that matters (the youth in most cases), might crawl their way out of poverty and financial freedom. When these youths chooses to invest in Bitcoin, who will then store their money in banks.
Even if it's banned, as long as you don't end up being caught, then you are still a free man. Don't tell me that cokes are legal in every country, or don't we have people that takes them anymore?(I believe you know the coke I'm referring to). You just have to sometimes make certain decisions that oversees higher decisions. It's for your own good.
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clearly they are not that afraid then because they still continue to do something that they were prohibited from doing if they were completely afraid they would not even attempt it i guess they think that the benefits bitcoin offer are worth the risks so it does not scare them that much
to be fair i have not heard of severe punishments to chinese crypto traders
+1 to this fact too.
Maybe there is someone with more knowledge on the matter or somebody who is from China..
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There is a popular saying that says, "If you live by the rules, You die by the rules". A friend of mine once told me this after we successfully sneaked passed a lengthy queue of customers waiting to gain access into the bank. We went late, but we were the first to leave. That's how life is and that's how life has always been.
The government don't care much about you. If they banned Bitcoin, then it is because they fear that so those that matters (the youth in most cases), might crawl their way out of poverty and financial freedom. When these youths chooses to invest in Bitcoin, who will then store their money in banks.
Even if it's banned, as long as you don't end up being caught, then you are still a free man. Don't tell me that cokes are legal in every country, or don't we have people that takes them anymore?(I believe you know the coke I'm referring to). You just have to sometimes make certain decisions that oversees higher decisions. It's for your own good.
Indeed the government care less about their citizens because I see no reason why they should target bitcoin or other cryptocurrencies when they are aware that the youth are actually using this platform to make money and pay their bill. It's as though they are deliberately doing this to tighten the chances of the youth getting an investment medium. Though I understand that selling the country's currency to purchase another currency i bulk can lead to inflation irrespective of the effect but I also believe that if the governments had played their parts well, there wouldn't be a problem with that small change in the country's economy.
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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?
This may never be possible for a professional trader. Because we know that Bitcoin is still illegal in many countries, and even then they are working with it. Still, due to illegality in many countries, many may not be able to live with BTC investments on their own. However, even without government permission, these are still running in many countries and many are using it as an investment and transaction.
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This may never be possible for a professional trader. Because we know that Bitcoin is still illegal in many countries, and even then they are working with it. Still, due to illegality in many countries, many may not be able to live with BTC investments on their own. However, even without government permission, these are still running in many countries and many are using it as an investment and transaction.
Sorry, but that doesn't answer the question my friend... when Bitcoin is banned in your country, will you still buy, store or trade bitcoin, or will you just leave bitcoin and forget about it... forgetting it is certainly very hard, but having it is like being a criminal who is against the government.
We know that the chances of all countries banning bitcoin are very small, but the possibility is still there... so put yourself in that worst case scenario... anticipate what you can do when that nightmare happens.
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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?
This may never be possible for a professional trader. Because we know that Bitcoin is still illegal in many countries, and even then they are working with it. Still, due to illegality in many countries, many may not be able to live with BTC investments on their own. However, even without government permission, these are still running in many countries and many are using it as an investment and transaction.
Non-KYC platforms exist for a reason, as well as the means to store your coins where no one would look at too much ;)
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It's like deja vu and I still do it, fortunately now Bitcoin is legal as an asset, so there's no need to hide anymore and no need to worry about receiving sanctions when caught. because now the government is very supportive. but yes there is a response, namely we are required to pay taxes from cryptocurrency, yes, however, if using a local exchange, yes we have to accept it, and there will be a tax deduction on each trading transaction. so yes the government is happy to get income from this crypto tax. and whether it is illegal or not, maybe in other countries it will be different. but from what I read, there are many people who are still buying crypto even though it is illegal in their country
It is true that many still buys Bitcoin even if they are in the places where it is considered illegal and not allowed to be owned by its citizens. That is the reason I think that many of us will still buy and hold it if our governments tries to tell us that it is not allowed to have it. There are forum members that are from those countries where it is not allowed and yet they said that they still own and keeps on DCAing to have more BTC.
Because Bitcoin does have some interesting and profitable things for them, so they are not reluctant to do it even though it is still illegal. in various ways that are certainly in secret so that they can remain calm and safe. this is often done by citizens who live in countries that prohibit Bitcoin, usually they will do it secretly.
basically, Bitcoin is very profitable, with various plus sides that are more than the negative side. but still, the interests and policies of the government vary greatly.
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Because Bitcoin does have some interesting and profitable things for them, so they are not reluctant to do it even though it is still illegal. in various ways that are certainly in secret so that they can remain calm and safe. this is often done by citizens who live in countries that prohibit Bitcoin, usually they will do it secretly.
basically, Bitcoin is very profitable, with various plus sides that are more than the negative side. but still, the interests and policies of the government vary greatly.
That does open a lot of layers of concern, but I understand that there is a lot of rationale for their decision to stay active in Bitcoin. Here, the technology is regarded as a way of keeping afloat financially in light of policies thought to be oppressive. When people believe that they are not being allowed to set the course of their economic life, then they look for opportunities, and even those which are unlawful. This establishes the fact that the pressure can sometimes force growth of technology and that most of the time it is user’s beliefs about the normatively appropriate values that need to be upheld.
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Because Bitcoin does have some interesting and profitable things for them, so they are not reluctant to do it even though it is still illegal. in various ways that are certainly in secret so that they can remain calm and safe. this is often done by citizens who live in countries that prohibit Bitcoin, usually they will do it secretly.
basically, Bitcoin is very profitable, with various plus sides that are more than the negative side. but still, the interests and policies of the government vary greatly.
I don't think that people tell on each other if one buys BTC where it is prohibited, but yeah, it is better to stay humble about it and do all the measures required to not let some platforms get your personality characteristic on the table ;D
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Because Bitcoin does have some interesting and profitable things for them, so they are not reluctant to do it even though it is still illegal. in various ways that are certainly in secret so that they can remain calm and safe. this is often done by citizens who live in countries that prohibit Bitcoin, usually they will do it secretly.
basically, Bitcoin is very profitable, with various plus sides that are more than the negative side. but still, the interests and policies of the government vary greatly.
I don't think that people tell on each other if one buys BTC where it is prohibited, but yeah, it is better to stay humble about it and do all the measures required to not let some platforms get your personality characteristic on the table ;D
If you've been that living in country on which Btcoin or crypto is prohibited then you wouldnt be on your right mind on trying out to make out some boasting about that you had invested on Bitcoin or crypto despite of that ban or prohibition. You are that putting up yourself on great trouble if you do have this kind of behavior. The good thing here on crypto space is that despite of those bans but still it will be giving out that kind of chance or opportunity to buy Bitcoin or crypto without being caught but of course you shouldnt be leaving any trails if you dont like to put yourself on trouble. Its really that important that you do know on what those possibilities that could put you up on problem but in overall you can still buy if you do want.
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Because Bitcoin does have some interesting and profitable things for them, so they are not reluctant to do it even though it is still illegal. in various ways that are certainly in secret so that they can remain calm and safe. this is often done by citizens who live in countries that prohibit Bitcoin, usually they will do it secretly.
basically, Bitcoin is very profitable, with various plus sides that are more than the negative side. but still, the interests and policies of the government vary greatly.
I don't think that people tell on each other if one buys BTC where it is prohibited, but yeah, it is better to stay humble about it and do all the measures required to not let some platforms get your personality characteristic on the table ;D
If you've been that living in country on which Btcoin or crypto is prohibited then you wouldnt be on your right mind on trying out to make out some boasting about that you had invested on Bitcoin or crypto despite of that ban or prohibition. You are that putting up yourself on great trouble if you do have this kind of behavior. The good thing here on crypto space is that despite of those bans but still it will be giving out that kind of chance or opportunity to buy Bitcoin or crypto without being caught but of course you shouldnt be leaving any trails if you dont like to put yourself on trouble. Its really that important that you do know on what those possibilities that could put you up on problem but in overall you can still buy if you do want.
If we live in a country that prohibits its citizens from investing in crypto, we should invest carefully and not talk about crypto with people around us, keep silent and enjoy our investment. Rather than having to deal with the law later, we should always keep ourselves quiet about crypto.
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If we live in a country that prohibits its citizens from investing in crypto, we should invest carefully and not talk about crypto with people around us, keep silent and enjoy our investment. Rather than having to deal with the law later, we should always keep ourselves quiet about crypto.
In a case where the laws governing the cryptocurrencies are very tight or there is an express ban on its usage then one has to exercise a lot of caution in handling them. Investing in digital assets under these conditions, clearly, is very problematic in terms of both the legal regulation of such investment and the perspectives of its social admissibility. The best approach is not to make anyone aware that you are investing in such products as these things are best left unsaid in any social setting and mostly while dealing with people, regulators or else. In this case, if such information can be kept as private to us as possible, then any future issues arising from investment in these items can be adequately averted, as we continue reap benefits from those assets.