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Author Topic: If your government banned Bitcoin, would you still buy BTC?  (Read 7260 times)

Offline dave_strider

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Re: If your government banned Bitcoin, would you still buy BTC?
« Reply #150 on: April 10, 2025, 08:17:41 AM »
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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Re: If your government banned Bitcoin, would you still buy BTC?
« Reply #150 on: April 10, 2025, 08:17:41 AM »

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Re: If your government banned Bitcoin, would you still buy BTC?
« Reply #151 on: April 11, 2025, 05:34:32 PM »
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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Re: If your government banned Bitcoin, would you still buy BTC?
« Reply #151 on: April 11, 2025, 05:34:32 PM »

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Re: If your government banned Bitcoin, would you still buy BTC?
« Reply #152 on: April 11, 2025, 05:59:53 PM »
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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Re: If your government banned Bitcoin, would you still buy BTC?
« Reply #153 on: April 11, 2025, 10:19:37 PM »
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.

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Re: If your government banned Bitcoin, would you still buy BTC?
« Reply #154 on: May 06, 2025, 06:52:46 PM »

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
When I started investing in Bitcoin, cryptocurrency operations were banned in my country but because I know I'll be attracting sanctionable actions from the government of I fail to be remain discreet with my involvement in Bitcoin, discretion became my watchword. Because of the decentralization powers if Bitcoin, different governments of the world are yet to legalize Bitcoin transactions so if you happen to find yourself in such state or country, the best thing to do is to stay quiet about your Bitcoin investments
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Re: If your government banned Bitcoin, would you still buy BTC?
« Reply #155 on: May 06, 2025, 07:08:09 PM »
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 sure you're an old hand in this industry, moreover we're from the same country. Do you remember the dark days when our government banned Bitcoin (BTC)? It was not a direct ban, but we were advised to stay away from it. Did our society immediately follow the advice? Of course not, at that time there were still many people who bought & traded Bitcoin (BTC) because they knew what they were doing. Of course I did the same thing, then, now & in the future.
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Re: If your government banned Bitcoin, would you still buy BTC?
« Reply #156 on: May 06, 2025, 07:43:57 PM »
When I started investing in Bitcoin, cryptocurrency operations were banned in my country but because I know I'll be attracting sanctionable actions from the government of I fail to be remain discreet with my involvement in Bitcoin, discretion became my watchword. Because of the decentralization powers if Bitcoin, different governments of the world are yet to legalize Bitcoin transactions so if you happen to find yourself in such state or country, the best thing to do is to stay quiet about your Bitcoin investments

In my own case, I'm wary of the government and the law enforcement agencies because there is clearly no stated law that Bitcoin is legal/illegal. They've literally arrested so many people in the past for trading it with the local currency, so we just have to remain calm by keep things to ourselves so we don't become a victim of unstated/unwritten laws. I believe if any one happens to live in a country where there are ambiguous laws, it is very important to keep certain things to yourself, instead of trying to fight your way out with your suppose fundamental human right that might be used against you. I believe the majority of others who still uses Bitcoin at the moment would do the same thing.
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Re: If your government banned Bitcoin, would you still buy BTC?
« Reply #156 on: May 06, 2025, 07:43:57 PM »


Offline Blaze

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Re: If your government banned Bitcoin, would you still buy BTC?
« Reply #157 on: May 06, 2025, 11:11:12 PM »
In my own case, I'm wary of the government and the law enforcement agencies because there is clearly no stated law that Bitcoin is legal/illegal. They've literally arrested so many people in the past for trading it with the local currency, so we just have to remain calm by keep things to ourselves so we don't become a victim of unstated/unwritten laws. I believe if any one happens to live in a country where there are ambiguous laws, it is very important to keep certain things to yourself, instead of trying to fight your way out with your suppose fundamental human right that might be used against you. I believe the majority of others who still uses Bitcoin at the moment would do the same thing.
I like your point that not all countries have stiff measures governing the emerging digital currency intermediaries such as the bitcoins, and that comes with increased pressure to individuals who wish to exercise this opportunity. However, when fear becomes the foundation of concealing something, there is also the potential of avoiding it and practically becoming its opposite. It is one thing to burry a taboo because one is not protected, but if you are still protected then it means you will not know when to come out of your shell. I believe the best thing to do now is to monitor the laws and do not get too stressed about it without absolutely quarantining ourselves.

 

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